Various legal and informal sources have raised concerns regarding rental income being misappropriated. It is alleged that rental proceeds were diverted for unauthorized uses, while obligations to lenders were unmet and property conditions deteriorated.
Examples cited include:
- Notices issued to tenants reportedly instructing them to make rent payments in cash.
- Allegations that collected rents were used for non-essential personal expenses, such as pet-related purchases.
- A claim involving the diversion of approximately $45,000 in rental income from a property known as Ashstreet, allegedly under the control of Shiba Prop LLC.
- References in court filings to orders from a court-appointed receiver, which reportedly included findings or sanctions related to improper rental fund usage.