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YHOME TERMINATION TRANSITION REPORT (disputed) - 428 Cross St - 428 Cross St, Akron, OH 44311.pdf

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Yhome Transition Protocol for Changing Property Management 1. Timing of Vote: a. If a vote to change the property manager (PM) occurs during the quarter, Yhome will wait until the quarter ends before transitioning. The vote will serve as a 60-day notice of intent. b. If the vote takes place at the beginning of the quarter, Yhome will transfer management at the end of that quarter. 2. Final Reporting: a. A comprehensive final report will be provided at the end of the quarter, detailing the proper

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Yhome Transition Protocol for Changing Property Management
1. Timing of Vote:
a. If a vote to change the property manager (PM) occurs during the quarter,
Yhome will wait until the quarter ends before transitioning. The vote will
serve as a 60-day notice of intent.
b. If the vote takes place at the beginning of the quarter, Yhome will transfer
management at the end of that quarter.
2. Final Reporting:
a. A comprehensive final report will be provided at the end of the quarter,
detailing the property's status and management activities.
3. Onboarding Fee:
a. A flat fee of $1,500 will be charged to onboard the property. This fee is used
to establish a management line of credit that can be utilized for future
property needs.
4. Additional Fees:
a. A $500 one-time fee will be applied for onboarding.
b. A fee of $50 per month for each month the property was under
management.
c. A $300 market analysis fee.
5. Equity Fee:
a. A fee of 3.5% of the property's equity will be charged unless the tokens
have already been minted and sent to Yhome.
6. Risk and Management Commitment:
a. Yhome has taken on risk by managing the entire asset with a dedicated team
that relies on the income generated.
b. Unless there are grounds for termination, Yhome cannot be fired without
cause.
7. Loan and Mortgage Settlement:
a. Any existing loans must be paid off prior to management transfer.

b. If there is a mortgage, it must be paid off or the property must be sold before
the management changes.
8. Securing Yhome's Interest:
a. If these conditions are not met, Yhome reserves the right to place a lien on
the property to secure its interests.
9. Sweat Equity: 7hours per week with a $50 per hour fee.
10. YHOME FINAL FEES
a. Total Operating income: $17,047.50
b. Security Deposit: $795
c. Reserve: $2,556.21
d. Total: $20,398.71
11. Yhome Fees.
a. Yhome PM fees: 852.375
b. Yhome Margin: $969.274
c. Line of credit one-time fee: $1,500
d. Market Analysis: $300
e. Sweat Equity: 1h per week at $50h
i. Start date 8/26/2024
ii. Total hours: 34h
iii. Total is: $1,700
f. Recording fee: $450
g. Inetrest: $176.01
h. Accounting: 10 months $50x10h=$500
i. Total: $6,447.659
12. Property Expenses
a. Taxes: $1,908.63
b. Total Operating Expense: $9,692.74
c. Total: $11,601.37
13. Total
a. Gross income: $20,398.71
b. Yhome fees: $6,447.659
c. Operating expenses: $11,601.37
14. Total is: $20,398.71- ($6,447.659+$11,601.37+$1,908.71) =$441.63
NO EQUITY FEE IS APPLIED, THE PROPERTY VOTED TO MOVE AWAY FROM YHOME WHEN
THE VOTE WERE COUNTED PER EACH DAO