The Axria platform will allow individuals and organizations to invest and acquire properties in bits. The minimum amount for splitting one property into many units is 5000 members. With this feature, everyone can benefit from the sporadic growth the global real estate market is currently manifesting.
We will create a decentralized solution to existing problems of buying and selling, short and long-term rentals as well as hotel bookings, allowing for reduction of middlemen commissions and genuine ratings.
All of these approaches are implemented in existing decentralized exchange services and proved to be viable.
Each tokenized property is assigned an administrator entity that has the following responsibilities;
Set the initial rent and adjust accordingly.
Find and select tenants.
Collect the rent.
Manage security deposits.
Resolve conflicts derived from complaints.
Physical management of the property (regular maintenance, emergency repairs).
Maintain detailed records corresponding to the property (income and expenses).
Payment of taxes and insurance.
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