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UPDATES.md

Generated 2026-07-01T18:39:11.212982+00:00 from live Dropbox Public folders.

Description

## 2026-04-13 - 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. ## 2026-01-06 - Property Update (01/06/2026): - The tenant has been provided with a new lease by Earl on behalf of the Cherry LFTY0412 DAO LLC, and is being onboarded onto Hemlane. - He has paid December rent in escrow with the court house due to Cal's imprope

Extracted Content

## 2026-04-13 - 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. ## 2026-01-06 - Property Update (01/06/2026): - The tenant has been provided with a new lease by Earl on behalf of the Cherry LFTY0412 DAO LLC, and is being onboarded onto Hemlane. - He has paid December rent in escrow with the court house due to Cal's improperly executed self-help eviction attempt and multiple lease violations. - Earl is working with the tenant to bring them current on January rent and secure possession of December rent from escrow on behalf of investors. - Whalec Property Management is owed $3,717.69 for 3 months of mortgage interest payments last August to bring the mortgage current. - The current state of the mortgage is unknown, but Cal claims it is current at the moment. - If the DAO were to take over interest-only payments until the balloon due on June 1st, 2028, the estimated Annual NOI is -$1,549.45. - This is a net *loss * of $129 per month at current rents. - Distributions are not expected until outstanding liabilities