The “Kool” word being kicked around by all the kool kids quietly in 2018 and in 2019 was and still is “Blockchain”. But What The Heck is it?
Grab your favorite beverage, whether it contains alcohol or caffeine, and a cold wash cloth to put on your forehead when done reading the article.
First of all, Blockchain is soooooo much bigger than what you may typically associate the term with as Bitcoin and other cryptocurrencies, so strike that preconceived notion from your brain please.
One of the real estate industry’s bleeding edge publications, The Swanepoel Trends Report, published an excellent article on Blockchain and the implications of it’s creation and extension into the financial and real estate markets. I say it’s excellent because I have attended a handful of industry presentations by really geeky experts in the area the past few years, read other articles, and still was unable to wrap my head around the issue without a migraine taking hold. This article removes all the high-brow dialogue and boils it down nicely. But, with all that being said, you might still want that cold wash cloth after reading it.
Anyways, once it’s rolled out, it will impact residential property management, real estate investing, and certainly how real estate is bought and sold.
Here’s the entire article scanned as a PDF for you to read: blockchain article
The biggest benefit for landlords and property managers could be the verified identities and source documents of Tenants. Imagine the risk reduction possible if blockchain can remove the issues of false ID’s, false paystubs, false addresses. And that’s just for starters.
If you aren’t all geeked up and excited about this single issue alone, please hang up your mouse and dial 911 cause you may not have a pulse….:)
Ok…one more example and then you can get onto reading the article in full: Imagine not having to worry about wire fraud ever again when buying or selling a property.
Now does it make sense?
Here’s to your pursuit of Financial Freedom through Rental Properties!
P.S. Schedule your next Phone or in-Person appointment with me: http://www.calendly.com/danbaldini/