UPDATES.md

# Property Updates

## 2026-05-19

- **Property Update (05/19/2026):**
- [OR deficit of -$7003.30](https://www.dropbox.com/scl/fi/gqx14la8zghtp4875urzh/Operating-Reserve-Chart-March-2026-254-Bowmanville-St-Akron-OH-44305.pdf?rlkey=h9r5ooq3kniith54u6doiu3rq&dl=0) was paid to Lofty.
- EARLDAO equity reduced to $34,200 ([684 shares](https://allo.info/account/EXQMR42THSXUALDRC42I65FFATM7LGUN5GKZG663ILXZVN2IFEJLCAHKCM)).
- Interest payments reduced to $342 starting June 1st, 2026.
- Please refer any questions regarding OR balance to support@lofty.ai

## 2026-04-06

- **Property Update (04/06/2026):**
- Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx):
- Yhome Net Due TO DAO: $-6,750.00
- Lofty Operating Cash: $0.00
- ECO Operating Cash: $40,403.62
- Outstanding Liabilities (Unpaid Bills): $0.00
- DAO Net Cash (Capital Call): $0.00
- Estimated Owners' Equity: $0.00
- DAO Estimated NAV Per Token: $0.00
- DAO Tokens: 2108
- Current PM: ECO (Sold)

## 2026-04-05

- **Property Update (04/05/2026):**
- Cross-check against `Yhome Transition Reconciliation.xlsx` shows 254 Bowmanville St, Akron, OH 44305 flagged as **ECO (Sold)**.
- Current reconciliation status: **Yhome owes Lofty and DAO owes Aligned**.
- Public DESCRIPTION.md and DETAILS.md refreshed to reflect sold status.

## 2025-08-11

- **Property Update (08/11/2025):**
- DAO Financial Summary (subject to change pending final accounting by Lofty):
- Sale Price: $60,000
- Back Taxes, Commissions, Closing Costs: $8,269.84
- Gruzmarg invoice: $13,500, negotiated down to $5,500 by ECO Systems ($8,000 savings).
- [Paid Invoice](https://link.waveapps.com/td3yjh-sgvvse)
- Balance PAID to HRG: $3496.03
- Balance PAID to Northsight Management â„
HRG: $458.75
- Balance PAID to ULD: $229.86
- Balance PAID to Obie Insurance: $462.54 ($74.60 overpayment refund due)
- DAO Assets [Wallet](https://allo.info/account/EXQMR42THSXUALDRC42I65FFATM7LGUN5GKZG663ILXZVN2IFEJLCAHKCM): 824 EARLDAO shares @ $50/share = $41,200 @ 12% APY
- Balance Owed to Yhome: 135 EARLDAO shares @ $50/share = ($6,750)
- DAO Net Cash: $33.27
- Estimated NAV: $16.36/share
- Monthly Cash Flow: $412.00
- [View Financial Reconciliation Details](https://www.dropbox.com/scl/fi/0yf0syxxxm58zpguib5nz/Yhome-Transition-Reconciliation.xlsx?rlkey=4rurmo3m2swur63oxq0hafr01&dl=0)


- **Property Update (08/11/2025):**
- DAO Financial Summary (subject to change pending final accounting by Lofty):
- Sale Price: $60,000
- Back Taxes, Commissions, Closing Costs: $8,269.84
- Gruzmarg invoice: $13,500, negotiated down to $5,500 by ECO Systems ($8,000 savings).
- [Paid Invoice](https://link.waveapps.com/td3yjh-sgvvse)
- Balance PAID to HRG: $3496.03
- Balance PAID to Northsight Management c/o HRG: $458.75
- Balance PAID to ULD: $229.86
- Balance PAID to Obie Insurance: $462.54 ($74.60 overpayment refund due)
- DAO Assets [Wallet](https://allo.info/account/EXQMR42THSXUALDRC42I65FFATM7LGUN5GKZG663ILXZVN2IFEJLCAHKCM): 824 EARLDAO shares @ $50/share = $41,200 @ 12% APY
- Balance Owed to Yhome: 135 EARLDAO shares @ $50/share = ($6,750)
- DAO Net Cash: $33.27
- Estimated NAV: $16.36/share
- Monthly Cash Flow: $412.00
- [View Financial Reconciliation Details](https://www.dropbox.com/scl/fi/0yf0syxxxm58zpguib5nz/Yhome-Transition-Reconciliation.xlsx?rlkey=4rurmo3m2swur63oxq0hafr01&dl=0)

## 2025-08-06

- **Property Update (08/06/2025):**
• DAO Financial Summary:
• Sale Price: $60,000
• Back Taxes, Commissions, Closing Costs: $8,269.84
• Gruzmarg invoice: $13,500, negotiated down to $5,500 by ECO Systems ($8,000 savings).
• [Paid Invoice](https://link.waveapps.com/td3yjh-sgvvse)
• Balance PAID to HRG: $3496.03
• Balance PAID to ULD: $229.86
• Balance PAID to Obie Insurance: $462.54
• DAO Assets: 829 EARLDAO shares @ $50/share = $41,450 @ 12% APY
• Balance Owed to Yhome: 80 EARLDAO shares @ $50/share = ($4,000)
• DAO Net Cash: $17.21
• Estimated NAV: $17.77/share
• Monthly Cash Flow: $414.50
• [View Financial Reconciliation Details](https://www.dropbox.com/scl/fi/0yf0syxxxm58zpguib5nz/Yhome-Transition-Reconciliation.xlsx?rlkey=4rurmo3m2swur63oxq0hafr01&dl=0)

## 2025-08-05

- **Property Update (08/05/2025):**
- Governance Results for 254 Bowmanville St:
- The Governance Voting results are back for the owner-proposed votes.
- The first winning vote is:
- Pay off HRG/ULD/Lofty/ECO and lend $44,000 to EARLDAO at 12% APY (receive 880 shares)
- This option was declared the winner in Round 1 with 331 token votes.
- The voting results can be found on chain [here](https://allo.info/application/3157918842) or by searching the application ID: 3157918842
- The second winning vote is:
- Approve Partial Settlement
- This voting option was declared the winner in Round 3 with 453 token votes.
- The voting results can be found on chain [here](https://allo.info/application/3157919962) or by searching the application ID: 3157919962

## 2025-07-28

- **Property Update (07/28/2025):**
- Owner-Proposed Governance Vote for 254 Bowmanville St:
- The property manager, Earl Co with ECO Systems LLC with the following [wallet address](https://allo.info/account/YILY2YPFH2HODAZSMVJ6C2URUTBJSEPB3377SIKHFCFMGQEEFAJ3E5TYDM), is proposing a governance vote.
- This owner holds 10 tokens in this property.
- The owner's reasoning is below, word-for-word:
- *Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
- Dear Fellow Investors,
- Congratulations on the successful sale of 254 Bowmanville Street!
- The final net proceeds from the closing total $51,730.16 and will be wired to the DAO’s Baselane bank account (controlled by ECO Systems LLC) by Monday, July 28, 2025. Please see [Final Settlement Statement](https://www.dropbox.com/scl/fi/px8nemc8egj2ikturje99/Settlement-Statement-254-Bowmanville-Street-Akron-OH-44305.pdf?rlkey=peiaeo222qka7o6tav7hyacan&e=1&dl=0) from the [closing docs](https://www.dropbox.com/scl/fi/1ki689o7os1m3gqls0omk/Golden-Eagle-Title-Escrow-Closing-Documents-EAR-CP57.pdf?rlkey=6htex390qeo0sczwvuiq8ei8p&e=1&dl=0).
- Sale & Financial Overview:
- Description
- Amount
- Gross Proceeds from Sale
- $51,730.16
- Unpaid Bills, PM Fee, Filing, Contingencies
- ($25,000.00)
- Net Distributable Proceeds
- $26,730.16
- Tokens Outstanding
- 2,108
- Estimated Distribution (If Approved)
- $12.70 per token
- Notes on Outstanding Items:
- Ashdod City Corp [invoiced $13,500](https://next.waveapps.com/a/invoices/c3846150-b8a2-4d7c-abab-75112fbf7952/public/2206067457167199314/3390382a1a6449e798eb535328e5ee3a), but this was addressed to and approved by “YHOMES,” and not directly by the DAO. We are pursuing negotiation or cancellation of this bill.
- Home River Group and/or Lofty show a negative OR balance of -$6,351.82, still under review.
- The remaining holdback for unpaid bills will cover:
- LLC Dissolution Fee
- Final Year-End Tax Filing
- Any remaining balance due to verified vendors.
- VOTE #1 – DISTRIBUTION OF SALE PROCEEDS (Ranked Choice)
- Option A – Pay off HRG/ULD/Lofty/ECO and lend $44,000 to EARLDAO at 12% APY (receive 880 shares)
- Several existing DAOs formerly under Yhome’s portfolio remain in need and have authorized borrowing funds to be used strictly for unpaid taxes and repairs. This loan would provide a monthly interest income of $440 or $0.2087/token/month to DAO members until full repayment of loan. Yhome/Gruzmarg’s combined $17,500 balance remains unpaid and subject to future negotiation.
- Option B – Pay off HRG/ULD/Lofty/ECO and distribute $12.70/token now; lend $17,500 to EARLDAO at 12% APY (receive 350 shares)
- Pay off negative OR balance and distribute $26,730.16 to owners now. Hold back $17,500 as 350 EARLDAO shares for final reconciliation, Yhome dispute, and compliance closure. This loan would provide a monthly interest income of $175 or $0.083/token/month to DAO members until full repayment of loan. Yhome/Gruzmarg’s combined $17,500 balance remains unpaid and subject to future negotiation.
- Option C – Hold all funds in reserves until final bills and disputes are resolved
- No immediate distribution. ECO will release funds once all obligations are finalized and risks are cleared.
- VOTE #2 – RESOLVE YHOME / ASHDOD INVOICE (Ranked Choice)
- Option A – Dispute Entire $13,500 Invoice
- Formally reject the invoice and pursue legal or negotiation options to cancel. No payment released to Yhome or Ashdod.
- Option B – Approve Partial Settlement
- Offer a good-faith settlement to close the matter quickly and reduce legal overhead. ECO Systems negotiates final amount as advised by DAO members.
- Option C – Approve Full Payment of $13,500 Invoice
- Pay invoice in full. Treat Yhome’s approval of Ashdod’s work as valid and final.
- Please cast your votes no later than August 5th, 2025. Results will be tallied and enacted per DAO majority.
- Feel free to reach out with any questions.
- All the best,
- ECO Systems LLC
- Property Manager F.B.O. Lofty Holding 254 Bowmanville Street DAO LLC
- ecosystemspm@gmail.com
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, August 5th, once the voting period ends.


- **Property Update (07/28/2025):**
- Owner-Proposed Governance Vote for 254 Bowmanville St:
- The property manager, Earl Co with ECO Systems LLC with the following [wallet address](https://allo.info/account/YILY2YPFH2HODAZSMVJ6C2URUTBJSEPB3377SIKHFCFMGQEEFAJ3E5TYDM), is proposing a governance vote.
- This owner holds 10 tokens in this property.
- The owner's reasoning is below, word-for-word:
- *Because this is an owner proposed vote, Lofty cannot change the content. It's up to owners to verify the accuracy of the claims below.
- Dear Fellow Investors,
- Congratulations on the successful sale of 254 Bowmanville Street!
- The final net proceeds from the closing total $51,730.16 and will be wired to the DAO's Baselane bank account (controlled by ECO Systems LLC) by Monday, July 28, 2025. Please see [Final Settlement Statement](https://www.dropbox.com/scl/fi/px8nemc8egj2ikturje99/Settlement-Statement-254-Bowmanville-Street-Akron-OH-44305.pdf?rlkey=peiaeo222qka7o6tav7hyacan&e=1&dl=0) from the [closing docs](https://www.dropbox.com/scl/fi/1ki689o7os1m3gqls0omk/Golden-Eagle-Title-Escrow-Closing-Documents-EAR-CP57.pdf?rlkey=6htex390qeo0sczwvuiq8ei8p&e=1&dl=0).
- Sale & Financial Overview:
- Description
- Amount
- Gross Proceeds from Sale
- $51,730.16
- Unpaid Bills, PM Fee, Filing, Contingencies
- ($25,000.00)
- Net Distributable Proceeds
- $26,730.16
- Tokens Outstanding
- 2,108
- Estimated Distribution (If Approved)
- $12.70 per token
- Notes on Outstanding Items:
- Ashdod City Corp [invoiced $13,500](https://next.waveapps.com/a/invoices/c3846150-b8a2-4d7c-abab-75112fbf7952/public/2206067457167199314/3390382a1a6449e798eb535328e5ee3a), but this was addressed to and approved by "YHOMES," and not directly by the DAO. We are pursuing negotiation or cancellation of this bill.
- Home River Group and/or Lofty show a negative OR balance of -$6,351.82, still under review.
- The remaining holdback for unpaid bills will cover:
- LLC Dissolution Fee
- Final Year-End Tax Filing
- Any remaining balance due to verified vendors.
- VOTE #1 - DISTRIBUTION OF SALE PROCEEDS (Ranked Choice)
- Option A - Pay off HRG/ULD/Lofty/ECO and lend $44,000 to EARLDAO at 12% APY (receive 880 shares)
- Several existing DAOs formerly under Yhome's portfolio remain in need and have authorized borrowing funds to be used strictly for unpaid taxes and repairs. This loan would provide a monthly interest income of $440 or $0.2087/token/month to DAO members until full repayment of loan. Yhome/Gruzmarg's combined $17,500 balance remains unpaid and subject to future negotiation.
- Option B - Pay off HRG/ULD/Lofty/ECO and distribute $12.70/token now; lend $17,500 to EARLDAO at 12% APY (receive 350 shares)
- Pay off negative OR balance and distribute $26,730.16 to owners