Enable short term leases and a whole range of usage rights.
If you control or own any real estate at all, it makes sense to create an NFT for it. First, there is almost no cost and zero downside. Worst case, you spend a couple bucks to try something new and the NFT is never used. Best case, you instantly raise the value of your property and put it in marketplaces that can earn you money now, and potentially forever.
Ask yourself, why isn’t your home currently listed for sale or your apartment currently on Airbnb? Surely for the right price, you would sell or rent to someone else. One of the main hurdles is the marketplaces around real estate are only developing and add a high frictional cost. And even when you find a renter or a buyer, there is no guarantee of payment. NFTs can eliminate both those hurdles.
With NFTs, as soon as you mint one for you property, they can be listed on all the NFT marketplaces right now and anyone browsing could buy/rent your property (as an NFT) instantly with cryptocurrency.