Rent Calculation Explanation
For example, a property Generates 3000 monthly rent income, and has 1000 Token holders,
so monthly each token holder will get $3, yearly 36$.
Rent must be calculated on per second basis to reach that it would be done like this:
you can go to any listed property on [login to view URL] and see the financials section:
there is every detail :
if we take $3000 monthly rent example
Total Yearly net Rent = $36000 / Per Year
Now Convert it to daily net rent =
Total Daily Net Rent = $36000/ 365.25 days. = $98.56262833675565
Total Hourly net rent = Daily net rent / 24 hours = $98.56262833675565 / 24 hours
Total Per Minute Rent = Hourly net rent / 60 minutes = 4.106776180698152 / 60 minutes
Total Per second Rent = Per minute rent / 60 Seconds = 0.0684462696783025 / 60 seconds
Per Token Per Second Rent = Total Rent Per second / Total Number of Tokens issued for
= $0.001140771161305 / 1000 Tokens as per above example
Total rent per day per token = 0.000001140771161305 * (60*60*24)
So you need to make that rent calculation for all the properties we list on dineli with a control
to Disable / Enable rent calculations as there can be situations where a property makes no
rent. Each time a payment is sent there must be an option to generate a report for the rent paid
to given wallet addresses.
Rents would be calculated on per second basis however payment would be sent
weekly/bi-weekly/monthly so we should have that control in admin dashboard for this.
Further there must be mechanism to send the rent payments to investors given “rent wallet
addresses” as USDC via Coinbase
Its at maximum 2 days work so come with realistic bids
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