← 27 Pillar Ln, Palm Coast, FL 32164 · All properties

UPDATES.md

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Property	27 Pillar Ln, Palm Coast, FL 32164
Folder	README & Property Snapshot
Kind	Text
Updated	2026-07-14
Dropbox path	`00 - README & Property Snapshot/UPDATES.md`

What This File Appears To Be

2026-07-14 - Property Update (07/14/2026): Hi everyone, This month's update includes the current reviewed financial summary from the guarded monthly workflow. Financial summary from FINANCIALS.md: Financial data is shown as of 2026-06. ## Cash Flow Snapshot (2026-06) Revenue: $0.00 Operating Expenses: -$476.98 NOI: -$476.98 Net Operating Cashflow: -$476.98 ## Monthly Cash Position (2026-06) Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the current com

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## 2026-07-14

- Property Update (07/14/2026):
Hi everyone,

This month's update includes the current reviewed financial summary from the guarded monthly workflow.

Financial summary from FINANCIALS.md:

Financial data is shown as of 2026-06.

## Cash Flow Snapshot (2026-06)

Revenue: $0.00
Operating Expenses: -$476.98
NOI: -$476.98
Net Operating Cashflow: -$476.98

## Monthly Cash Position (2026-06)

Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the current complete DAO-attributed total of Column E across every row in the property-split ECO Systems GL, including accruals.

Lofty Operating Cash: $173.86 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$12,935.10 (ECO Systems General Ledger Column E (101 rows))

# Property Updates

## 2026-07-12

- Property Update (07/12/2026):
Hi everyone,

This month's update includes the current reviewed financial summary from the guarded monthly workflow.

Financial summary from FINANCIALS.md:

## Cash Flow Snapshot (2026-06)

| Metric | Amount |
|---|---:|
| Revenue | $0.00 |
| Operating Expenses | $0.00 |
| NOI | $0.00 |
| Net Operating Cashflow | $0.00 |

## Monthly Cash Position (2026-06)

Amounts are shown as of 2026-06. ECO Operating Cash is the complete DAO-attributed ECO Systems GL Column E balance through the as-of month, including accruals; it is not limited to ECO Systems LLC bank cash.

| Metric | Amount | Source |
|---|---:|---|
| Lofty Operating Cash | $173.86 | Lofty `curr_maintenance_reserve` |
| ECO Operating Cash | -$2,716.37 | ECO Systems General Ledger Column E (94 rows) |

## Source Evidence

| Field | Value |
|---|---|
| Source month | 2026-06 |
| ECO GL source | `Public/07 - P&L & Owner Statements/ECO Systems General Ledger - 27 Pillar Ln.csv` |
| Source-month dated rows | 0 |
| Revenue bucket count | 0 |
| Operating expense bucket count | 0 |
| ECO GL Column E rows | 94 |
| ECO GL Column E sum | -$2,716.37 |

Financial summary:
- Lofty-held current maintenance reserve: $173.86
- ECO GL Column E sum: -$2,716.37 (94 rows)

## 2026-07-02

- Property Update (07/02/2026):
This month's update is limited to verified cash-position data from Lofty and ECO records. No tenant ledger rows are included.

Financial summary:
- Lofty-held current maintenance reserve: $223.86
- ECO GL Column E sum: -$2,376.47 (99 rows)

## 2026-07-02

- Property Update (07/02/2026):
Hi everyone,

This month's update is limited to verified cash-position data from Lofty and ECO records. No tenant ledger rows are included.

Financial summary:
- Lofty-held current maintenance reserve: $223.86
- ECO GL Column E sum: -$2,376.47 (99 rows)

## 2026-06-27

- Property Update (06/27/2026):
Hi everyone,

Quick update on **27 Pillar Ln, Palm Coast, FL 32164**:

- We are issuing a proactive owner communication to keep update cadence consistent.
- Property operations and file review are in progress.
- A fuller operational/financial update will follow after manager file reconciliation.

**What to expect next**
- Current operations snapshot
- Any material leasing/maintenance/compliance items
- Financial/reconciliation notes (if applicable)
- Next expected update timing

Financial summary:
- Lofty-held current maintenance reserve: $223.86
- ECO GL Column E sum: -$2,376.47 (99 rows)

## 2026-06-27

- Property Update (06/27/2026):
Financial summary:
- Lofty-held current maintenance reserve: $223.86
- ECO GL Column E sum: -$2,376.47 (99 rows)

## 2026-01-06

- Property Update (01/06/2026):
- The property has been secured by Earl and occupied by his tenant and authorized agent, on behalf of Kiwi LFTY400 DAO LLC.
- Local police has reaffirmed that this is a matter of civil dispute, and any further presence by Calixte Duffaut on the premises constitutes criminal trespass.
- Earl will be joining Cal in the Discord Lounge at 2 PM EST to answer any questions.

## 2025-11-25

- Property Update (11/25/2025):
- Governance Results for 27 Pillar Ln:
- The Governance Voting results are back for the owner-proposed votes.
- The winning vote is:
- Yes [Approve proposal]
- Out of 32 total votes, the winning option received 32 votes which is equal to 100% of the voting power. This is a co-ownership property, which means the governance mechanism used the scaled governance calculations as opposed to the default of 1 token equals 1 vote.
- The voting results can be found on chain [here](https://allo.info/application/3341031812) or by searching the application ID: 3341031812
- The winning vote is:
- Yes [Approve proposal]
- Out of 32 total votes, the winning option received 32 votes which is equal to 100% of the voting power. This is a co-ownership property, which means the governance mechanism used the scaled governance calculations as opposed to the default of 1 token equals 1 vote.
- The voting results can be found on chain [here](https://allo.info/application/3341032933) or by searching the application ID: 3341032933

## 2025-11-21

- Property Update (11/21/2025):
- Owner-Proposed Governance Vote for 27 Pillar Ln:
- The elected authorized representative of the DAO, Earl Co, is proposing a governance vote.
- Their 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.
- This Resolution of the members of KIWI LFTY400 DAO LLC (the "Pillar DAO" or "DAO") seeks authorization for Earl Vanze Co acting as Authorized Representative on behalf of the DAO to approve filing a civil lawsuit against Yhome Nursing LLC and/or Calixte Duffaut (the “Prospective Lawsuit”). If approved, this proposal will provide the Pillar DAO with the authority to file the Prospective Lawsuit, but will not obligate or require the Pillar DAO to actually file the Prospective Lawsuit. Litigation mechanics and strategy will be finalized at a later date, subject to the advice and recommendation of counsel.
- If approved, this proposal authorizes Lofty to identify counsel to represent the Pillar DAO in connection with the Prospective Lawsuit, understanding that Lofty is willing to pay for those legal costs and expenses reasonably incurred by the Pillar DAO in connection with the Prospective Lawsuit.
- This proposal is being submitted based upon information and belief that Yhome Nursing LLC and/or Calixte Duffaut (collectively, “Yhome”) breached their agreement(s) with the Pillar DAO and its members, and/or otherwise engaged in wrongful and/or illegal conduct with respect to 27 Pillar Lane, Palm Coast, FL 32164 (“Pillar Lane” or the “Property”) and the management thereof. More specifically, the conduct motivating this proposal includes, but is not limited to, the following:
- Yhome’s false confirmation that it had obtained the consent of the Property’s mortgagee prior to listing the Property on Lofty.
- Yhome’s delay in transitioning out of the property management role.
- Yhome’s withholding of rents and other income duly owed to the Pillar DAO that were (and are being) generated by the Property.
- Mr. Duffaut’s trespass on the Property during which he damaged the Property by, among other things, removing door locks and security cameras.
- If approved, this proposal authorizes Earl Vanze Co to serve as the single point of contact for the DAO and liaison to legal counsel on behalf of the DAO, and further authorizes Earl Vanze Co to receive any and all litigation updates from legal counsel on behalf of the DAO, and to make any decisions with respect to the prospective litigation and to authorize any action in the prospective litigation on behalf of the DAO. Such authorization will continue throughout the pendency of the litigation until resolution is reached by settlement, adjudication on the merits, or dismissal, unless otherwise terminated by a valid and enforceable vote of the DAO.
- Sincerely,
- Earl Vanze Co, DAO Member and Authorized Representative
- KIWI LFTY400 DAO LLC
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, November 25th, once the voting period ends.

## 2025-09-16

- Property Update (09/16/2025):
- Governance Results for 27 Pillar Ln:
- The Governance Voting results are back for the owner-proposed vote.
- The winning vote is:
- Approve Proposal as outlined.
- Out of 35 total votes, the winning option received 31 votes which is equal to 99% of the voting power. This is a co-ownership property, which means the governance mechanism used the scaled governance calculations as opposed to the default of 1 token equals 1 vote.
- The voting results can be found on chain [here](https://allo.info/application/3216027271) or by searching the application ID: 3216027271

## 2025-09-14

- Property Update (09/14/2025):
- From: Calixte Duffaut
- Date: Sun, Sep 14, 2025 at 8:18 PM
- Subject: Urgent Property Stabilization Update for Pillar Investors
- Dear Pillar Investors,
- I want to provide a candid update on the property's condition and the steps I’ve taken to restore stability and safeguard your investment.
- Neglect and vacancy: The property experienced prolonged neglect and a lack of on-site visits, including a water leak that went unnoticed for an extended period.
- Property manager: The previous property manager has ceased management.
- Restoration efforts: I have taken immediate action to restore the property and bring it back to a rentable condition.
- Health and safety: The home sustained mold contamination due to the extended moisture exposure. We are implementing a comprehensive remediation plan, including air purification and mold treatment, to ensure the property meets health and safety standards. This will require a focused period of treatment and verification.
- Current status and plan: I am establishing stability for the asset and will keep you updated on health/safety clearances and readiness for occupancy. Photos documenting the current condition and remediation progress are attached for your review.

- Next steps:
- Complete mold remediation and air quality verification.
- Finalize any necessary repairs to restore full habitability.
- Share a detailed budget and forecast for ongoing maintenance.
- [Photos](https://photos.app.goo.gl/PmbpP1SxixKDPNYAA)

## 2025-09-12

- Property Update (09/12/2025):
- Owner-Proposed Governance Vote for 27 Pillar Ln:
- An owner with the following [wallet address](https://allo.info/account/QDTN5SITNPO4AMXPTOAFJDE2NSOHGKQE4LUHD2MUEWBJKHEPAHYEYBO6VM) is proposing a governance vote.
- The property manager holds 168 tokens in this property.
- Their 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.
- Proposal to Approve Property Manager Transition and Long-Term Buyout Agreement
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, September 16th, once the voting period ends.

## 2025-07-08

- Property Update (07/08/2025):
- Governance Results for 27 Pillar Ln:
- The Governance Voting results are back for the three owner-proposed votes.
- The first winning vote is:
- [Yes] The DAO affirms that the loan on the property is Cal's responsibility alone. If need-be we can vote to (re)finance once Cal defaults. By voting yes you are agreeing that the DAO will not directly refinance Cal out of his loan.
- Out of 34 total votes, the winning option received 31 votes which is equal to 99% of the voting power. This is a co-ownership property, which means the governance mechanism used the scaled governance calculations as opposed to the default of 1 token equals 1 vote.
- The voting res