As we have seen that there are a lot of fraud out there, What if someone create hype and make any dump asset to tokenized . In that case what can be the prevention to avoid this kind of situation?
Hey, landlords will be required to undergo a KYC. This will ensure that they are the rightful owner of the property before they can list it on the CitaDAO platform. This would remove the fraud element of asset listings. It is possible that the landlord overprice or overvalue their Real Estate. However, it is up to the community to decide if the property gets tokenized. If there is insufficient interest in the property as the community feels that it is too overpriced, the asset will not get tokenized.
So here are lots of work to do, and also Collecting rental income, spending operational cost, giving property management fee and so on, How would you ensure that all the process are going well? How would you ensure the transparency?
Hey, each property will have a property manager assigned to it. The property manager will oversee the asset and provide a projection for rental yield. The calculation for the rental yield will include the income and costs that you have mentioned. In the case that the property manager underperforms significantly from their projections, they will be replaced. As for transparency, property managers will submit property management reports that will give insight to the asset's income as well as expenditure. Feel free to read more
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