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Updated over 6 years ago on . Most recent reply

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227
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Susan H.
  • Investor/Landlord
  • NWA, AR
131
Votes |
227
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Do you accept cryptocurrency for rentals?

Susan H.
  • Investor/Landlord
  • NWA, AR
Posted

Would you accept bitcoin or another form of cryptocurrency as payment for rent?  (See for example https://www.inman.com/2018/01/04/landlords-increas....) My rentals are in a university town, and prospective tenants are asking me if I'll accept bitcoin. At this point I do not, but am certainly open to hearing why others do accept cryptocurrency.

This morning's report of a major "hack" (see http://money.cnn.com/2018/06/11/investing/coinrail-hack-bitcoin-exchange/index.html) has me wondering how landlords can protect their income if paid this way. 

Most Popular Reply

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6,241
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Aaron K.
  • Specialist
  • Riverside, CA
3,800
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6,241
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Aaron K.
  • Specialist
  • Riverside, CA
Replied

No, it is not stable enough yet.  If I were a tenant I might ask this to take advantage, by saying "oh it was worth $1,000 when I sent it" even though it is only $700 now if you would have to exchange it for real money make them do it so you know you are getting the proper amount.

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