Lofty User for N.
Cool in theory, poor in practice (so far)
To be fair, I love the concept of Lofty. Allowing fractional ownership and democratic voting seems like a great idea. The main issue is that the vetting process has led to wild inconsistencies in properties from stable, yielding returns to blatant fraud and theft. On top of that, many property managers are wary of working for a DAO as there are slow responses and votes needed to approve things. A number of community members tried to act as PMs but have now consolidated power to the point that there is not much that can be done and they shirk their responsibilities. Today alone a prominent PM on Lofty said they “WILL NOT” manually calculate numbers on properties they manage as they spend most of their time working on a questionable AI not to do their work. All in all, the platform has a good idea but needs a RE person to be on the leadership side and more trusted PMs/Service people to recommend so investors are not stuck being gaslit and belittled by pretend property managers with bad bookkeeping practices.
Response from LoftyJun 29, 2026
Hi there, thank you for sharing your feedback. It’s important to clarify that Lofty does not own or manage the properties listed on the marketplace. Each property is independently owned by an LLC and managed by a third-party property manager elected by the property’s investors. Investors can propose a vote to replace a property manager at any time, for any reason, and management changes if the proposal passes. This has occurred numerous times across the platform. More than 500 governance proposals covering a wide range of property-related matters have been sent to investors, and they are typically published the same day they are submitted. Investors can also publicly review property managers, giving other owners greater visibility into their performance, communication, and bookkeeping practices. This is similar to Airbnb, where each host has their own overall rating with publicly available reviews. Like other marketplaces, Lofty connects buyers and sellers and provides the technology and infrastructure for fractional ownership. We're always working to improve transparency, accountability, and the tools investors have to evaluate and replace service providers when necessary.