← 566 Nash St, Akron, OH 44306 · All properties
UPDATES.md
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| Property | 566 Nash St, Akron, OH 44306 |
|---|---|
| Folder | README & Property Snapshot |
| Kind | Text |
| Updated | 2026-07-16 |
| 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: $827.05 Operating Expenses: -$2,167.92 NOI: -$1,340.87 Net Operating Cashflow: -$1,583.57 ## Monthly Cash Position (2026-06) Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the cur
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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: $827.05
Operating Expenses: -$2,167.92
NOI: -$1,340.87
Net Operating Cashflow: -$1,583.57
## 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: -$5,348.44 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$831.28 (ECO Systems General Ledger Column E (70 rows))
## 2026-07-14
- Property Update (07/14/2026):
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: $827.05
Operating Expenses: -$2,167.92
NOI: -$1,340.87
Net Operating Cashflow: -$1,583.57
## 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: -$5,348.44 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$831.28 (ECO Systems General Ledger Column E (70 rows))
Financial summary:
- Lofty-held current maintenance reserve: -$5,348.44
- ECO GL Column E sum: $1,037.22 (70 rows)
- 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: $827.05
Operating Expenses: -$2,167.92
NOI: -$1,340.87
Net Operating Cashflow: -$1,583.57
## 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: -$5,348.44 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$831.28 (ECO Systems General Ledger Column E (70 rows))
## 2026-07-14
- Property Update (07/14/2026):
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: $827.05
Operating Expenses: -$2,167.92
NOI: -$1,340.87
Net Operating Cashflow: -$1,583.57
## 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: -$5,348.44 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$831.28 (ECO Systems General Ledger Column E (70 rows))
Financial summary:
- Lofty-held current maintenance reserve: -$5,348.44
- ECO GL Column E sum: -$831.28 (70 rows)
- 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: $827.05
Operating Expenses: -$2,167.92
NOI: -$1,340.87
Net Operating Cashflow: -$1,583.57
## 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: -$5,348.44 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$831.28 (ECO Systems General Ledger Column E (70 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 (2026-04)
**Source:** Cash Flow Statement, month `2026-04`
**Updated:** 2026-05-18
| Metric | Amount |
|---|---:|
| Revenue | $827.05 |
| Operating Expenses | $0.00 |
| NOI | $827.05 |
| Loan/CapEx/Retained Earnings | $0.00 |
| Net Operating Cashflow | $827.05 |
| Rents | $827.05 |
| Property Management Fee | $0.00 |
| Insurance | $0.00 |
| Taxes | $0.00 |
| Utilities | $0.00 |
| Repairs / Maintenance | $0.00 |
| Operating Reserve Balance | $0.00 |
| ECO Cash Balance | $0.00 |
| Mortgage Principal Balance | $0.00 |
| Estimated NAV | $0.00 |
`source_workbook: Public/07 - P&L & Owner Statements/Cash Flow Statement - 566 Nash St, Akron, OH 44306.xlsx`
<!-- AUTO:CF_PRIOR_MONTH_END -->
## 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 | -$5,348.44 | Lofty `curr_maintenance_reserve` |
| ECO Operating Cash | -$239.74 | ECO Systems General Ledger Column E (66 rows) |
Financial summary:
- Lofty-held current maintenance reserve: -$5,348.44
- ECO GL Column E sum: -$239.74 (66 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: -$4,877.13
- ECO GL Column E sum: $1,818.00 (64 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: -$4,877.13
- ECO GL Column E sum: $1,818.00 (64 rows)
## 2026-06-27
- Property Update (06/27/2026):
Hi everyone,
Quick update on **566 Nash St, Akron, OH 44306**:
- 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: -$4,877.13
- ECO GL Column E sum: $1,818.00 (64 rows)
- 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.
- **Critical Financial Update:**
- Operating Reserve: $-5,348 (significantly depleted)
- Tenant Status: Occupied
- ULD Loan Balance: $11,498
- Capital Call Needed: $6,000+
- ECO Operating Cash: $4,817.62 (as of April 6, 2026)
- Current PM: ECO
- **Property Update (2026-04-08):**
April 2026 Property Update:
| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $0.00 |
| Lofty Operating Cash | $-5,148.43 |
| ECO Operating Cash | $4,817.62 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $-1,973.35 |
| Estimated Owners' Equity | $125,904.00 |
| DAO Estimated NAV Per Token | $59.84 |
| DAO Tokens | 2071 |
| Current PM | ECO |
Yhome transition reconciliation as of April 6, 2026.
Property under ECO management. Transition reconciliation complete.
## 2026-06-27
- Property Update (06/27/2026):
Financial summary:
- Lofty-held current maintenance reserve: -$4,877.13
- ECO GL Column E sum: $1,818.00 (64 rows)
- **Critical Financial Update:**
- Operating Reserve: $-5,348 (significantly depleted)
- Tenant Status: Occupied
- ULD Loan Balance: $11,498
- Capital Call Needed: $6,000+
- ECO Operating Cash: $4,817.62 (as of April 6, 2026)
- Current PM: ECO
## 2026-04-11
- Property Update (04/11/2026):
- **Critical Financial Update:**
- Operating Reserve: $-5,348 (significantly depleted)
- Tenant Status: Occupied
- ULD Loan Balance: $11,498
- Capital Call Needed: $6,000+
- ECO Operating Cash: $4,817.62 (as of April 6, 2026)
- Current PM: ECO
- **Property Update (2026-04-08):**
April 2026 Property Update:
| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $0.00 |
| Lofty Operating Cash | $-5,148.43 |
| ECO Operating Cash | $4,817.62 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $-1,973.35 |
| Estimated Owners' Equity | $125,904.00 |
| DAO Estimated NAV Per Token | $59.84 |
| DAO Tokens | 2071 |
| Current PM | ECO |
Yhome transition reconciliation as of April 6, 2026.
Property under ECO management. Transition reconciliation complete.
## 2026-01-10
- Property Update (01/10/2026):
- On 12/24/25 the tenant's stove sparked and the breaker tripped. An electrician finally came out just to tell us the stove's electrical connector melted, and proceeded to bill us $150 for the service call without actually doing the repair. Earl is attempting to dispute this charge.
- Tenant has not paid December and January rent and is supposedly withholding it due to the non-functional stove.
- A repair has been scheduled with another vendor, and tenant's late fees were waived as a courtesy for the 3-week delay in sourcing a competent vendor especially over the holidays.
- A 1-year lease renewal was offered to the tenant at the same $973/month rate, contingent on remittance of December and January rents. Tenant's failure to pay following repair of the stove will be grounds for immediate eviction.
- Financial Summary:
- ECO Systems Operating Cash: $1,210.82
- Security Deposit held by ECO: $1,890.00
- Due to Lofty: ($5,148.43)
- Due to Universal Lending DAO: ($11,118.93)
- Due to Summit County (2025 Taxes): ($2,038.36)
- An immediate capital call of at least $6,000 to pay taxes and debts to Lofty is required at this time and must be backed by a DAO member or potentially sourced from the [Universal Lending DAO](https://www.lofty.ai/property_deal/Universal-Lending-DAO-(ULD)_Sheridan-Wyoming-82801).
- Owners may also submit a proposal to list the property for sale and clear off debts, then liquidate and/or re-lend net proceeds.
## 2025-05-22
- Property Update (05/22/2025):
- The previous PM just advised that the tenant signed a 12-month lease renewal at $973, a $28 increase from the previous lease of $945.
- The new lease term is from 02/05/2025 to 02/04/2026.
- The lease renewal fee was $350 and was deducted from January's rent.
- The lease agreement is being redacted and will be uploaded to the property page once the redaction is complete.
## 2025-05-20
- Property Update (05/20/2025):
- Governance Results for 566 Nash St:
- The Governance Voting results are back for the owner-proposed governance vote to change property managers.
- The winning vote is:
- Yes [change property managers to Whalec Property Management]
- This voting option received 318/464 token votes, which is equal to 68.5% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3007465028) or by searching the application ID: 3007465028
## 2025-05-16
- Property Update (05/16/2025):
- Owner-Proposed Governance Vote for 566 Nash St:
- An Owner with the following [wallet address](https://allo.info/account/ZZCRQLKXGUMROJ2TL5XHEC5GVJQJVMNWWEHXN2J7BRFUKNU26LD6JCSYRQ) is proposing a governance vote.
- This owner holds 26 tokens in this property.
- The owner's reasoning is below, word-for-word:
- *Because this is an owner pr