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Property Summary - 2337 Greenvale Rd, Cleveland, OH 44121.pdf

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Generated: 2025-11-10 12:38 UTC by LoftyAssist Property Analysis Report: 2337 Greenvale Rd, Cleveland, OH 44121 Current Property Status As of November 10, 2025, this property has been approved for sale following a successful governance vote in October 2025 (94% approval). The property is currently occupied with a tenant on a lease running from November 1, 2025, to July 31, 2026, paying $1,181.25/month. The property has undergone significant management transitions and governance challenges over t

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Generated: 2025-11-10 12:38 UTC by LoftyAssist

Property Analysis Report: 2337 Greenvale Rd, Cleveland, OH
44121
Current Property Status
As of November 10, 2025, this property has been approved for sale following a successful governance
vote in October 2025 (94% approval). The property is currently occupied with a tenant on a lease
running from November 1, 2025, to July 31, 2026, paying $1,181.25/month.
The property has undergone significant management transitions and governance challenges over the
past year, including:
• Multiple property manager changes (from B2B Realty → Yhome Nursing LLC → ECO Systems
LLC)
• A loan from EARLDAO at 12% APR for $3,100 (approved September 2025)
• Ongoing financial struggles with Operating Reserve depletion and poor cash flow performance
• The tenant lease ended in August 2025, followed by a new tenant placement in November
2025
The decision to list for sale was driven by financial difficulties that put the property "very far away from
cash flowing" according to the owner who proposed the vote.

Occupancy Status Timeline
Date

Status

Monthly Rent

Notes

08/24/2022

Occupied

$850

Tenant placed, lease
start date

11/30/2022

Vacant

-

Tenant moved out

03/16/2023

Occupied

$1,050

New tenant, 1-year
lease through
03/31/2024

08/02/2024

Vacant

-

Previous tenant lease
ended

08/01/2024

Occupied

$1,125

New tenant, 12-month
lease through
08/02/2025

08/02/2025

Vacant

-

Tenant lease ended

11/01/2025

Occupied

$1,181.25

Current tenant, lease
through 07/31/2026

Page 1 of 4

Rental Progression: $850 → $1,050 (+24%) → $1,125 (+7%) → $1,181.25 (+5%)

DAO Voting Timeline
Date

Vote Topic

Result

08/08/2022

Landlord Insurance
Renewal

PASSED

Replacement Cost
Coverage at $689
annually (76.1%
approval)

05/18/2022

Change to B2B Realty
PM

PASSED

PM fee reduced from
10% to 8%, increasing
annual cash flow

09/30/2024

Sale Offer - Counter at
$98k

PASSED

Counter offer for
$89,165 sight-unseen
cash offer (won in
Round 1 with 325
votes)

10/02/2024

Accept/Deny $89,165
Offer

DENIED

56% voted No - did not
reach 60%
supermajority to accept

10/02/2024

Take Off Market & Get
Loan

FAILED

54.7% voted Yes - did
not reach 60%
supermajority

10/08/2024

Use Yhome Funds vs
Universal Lending

PASSED

69.5% approval to
change management to
Yhome Nursing LLC

12/17/2024

Next Steps (Multiple
Options)

PASSED

Continue renting +
obtain loan from
Yhome at 6% for
$5,425 (won Round 3
via Ranked Choice)

04/29/2025

Change to ECO
Systems PM

PASSED

88.7% approval - avoid
5% equity giveaway to
Yhome

09/02/2025

PM Fee Structure

PASSED

Keep PM fee at 15%
until LAIC secured,
then reduce to 10% +
5% (88.7% approval)

09/02/2025

EARLDAO Loan
Authorization

PASSED

Approve lending
$3,100 at 12% APR
(86% approval)

08/23/2024

List Property for Sale

FAILED

Owner-proposed fire

Page 2 of 4

Details