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UPDATES.md

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Property254 Bowmanville St, Akron, Ohio 44305
FolderREADME & Property Snapshot
KindText
Updated2026-07-11
Dropbox path00 - README & Property Snapshot/UPDATES.md

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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 questi

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# 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):
    | Field | Value |
    |-------|-------|
    | 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)

## 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 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.

## 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 strict