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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q


[x] Quarterly Report Pursuant to Section 13 or 15 (d) of the Securities and Exchange Act of 1934


For the quarterly period ended June 30, 2011

[ ] Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934


For the transition period from ________________ to _______________


Commission File No. 2-68926.


DSI REALTY INCOME FUND VI

a California Limited Partnership

California   95-3633566
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)


6700 E. Pacific Coast Hwy., Long Beach, California 90803

(Address of principal executive offices)


Registrant’s telephone number, including area code (562) 493-8881

 

Indicate by check mark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Date File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer [ ] Accelerated filer [ ]  Non-accelerated filer [ ] Smaller reporting company [X]


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

The issuer is a limited partnership. All 23,753 limited partnership units originally sold for $500.00 per unit. There is no trading market for the limited partnership units.


Certain statements contained in this discussion or elsewhere in this report may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words and phrases such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “designed to achieve”, variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future – including statements relating to rent and occupancy growth, general conditions in the geographic areas where we operate – are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict.


Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Many of the factors that may affect outcomes and results are beyond our ability to control.

 
 

PART I – FINANCIAL INFORMATION

ITEM 1. Financial Statements

DSI REALTY INCOME FUND VI
(A California Real Estate Limited Partnership)

     
Condensed Balance Sheets (Unaudited) (USD $)    
  June 30, 2011 December 31, 2010
    (Audited)
ASSETS:    
     Cash & Equivalents $   551,599 $   654,699
     Property Net 1,583,275 1,573,503
     Net Rent Receivables 119,613 152,386
     Prepaid Advertising 11,760 18,468
     Other Assets 118,258 24,577
     TOTAL $   2,384,505 $   2,423,633
LIABILITIES AND PARTNERS' EQUITY    
     LIABILITIES:    
         Distribution due to Partners $   209,938 $   209,938
         Incentive Management Fee Liability 4,488 0
         Property Management Fee Liability 11,662 11,620
         Deferred Income 32,744 32,776
         Accrued Expenses 30,014 31,388
         Other Liabilities 2,259 19,424
         Total Liabilities 291,105 305,146
     PARTNERS' EQUITY:    
         General Partners (70,253) (70,002)
         Limited Partners 2,163,653 2,188,489
         Total Partners' Equity 2,093,400 2,118,487
     TOTAL $   2,384,505 $   2,423,633

The accompanying notes are an integral part of these Unaudited Financial Statements.

 

 
 

DSI REALTY INCOME FUND VI
(A California Real Estate Limited Partnership)
 

         
Condensed Statements of Income (Unaudited) (USD $) Three Months Ended Six Months Ended
  June 30, 2011 June 30, 2010 June 30, 2011 June 30, 2010
         
REVENUES:        
     Self-storage rental income $   536,746 $   571,220 $   1,115,216 $   1,116,285
     Ancillary operating revenue 51,024 48,808 101,275 99,216
     Interest and other income 59 78 117 163
     TOTAL 587,829 620,106 1,216,608 1,215,664
EXPENSES:        
     Depreciation 6,407 4,103 9,153 8,159
     Operating 256,857 293,665 518,594 546,666
     General and administrative 63,161 60,565 168,108 155,761
     General partners' incentive management fee 18,781 14,090 32,466 34,104
     Property management fee 34,736 35,049 73,367 70,231
     Total 379,942 407,472 801,688 814,921
NET INCOME $   207,887 $   212,634 $   414,920 $   400,743
         
AGGREGATE INCOME ALLOCATED TO:        
     General partners $   2,079 $   2,126 $   4,149 $   4,007
     Limited partners 205,808 210,508 410,771 396,736
     TOTAL $   207,887 $   212,634 $   414,920 $   400,743
         
Weighted average limited partnership units outstanding 23,753 23,753 23,753 23,753
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP PER LIMITED PARTNERSHIP UNIT $   8.66 $   8.86 $   17.29 $   16.70
           

The accompanying notes are an integral part of these Unaudited Financial Statements.

 

 

 

 

 
 

DSI REALTY INCOME FUND VI
(A California Real Estate Limited Partnership)
 

       
Condensed Statements of Changes in Partners' Equity (Deficit) (Unaudited) (USD $)      
  General Partners Limited Partners Total
       
       
BALANCE, December 31, 2010 (Audited) $   (70,002) $   2,188,489 $   2,118,487
Net Income Allocation 4,149 410,771 414,920
Distributions (4,400) (435,607) (440,007)
BALANCE, June 30, 2011 $   (70,253) $   2,163,653 $   2,093,400
       

The accompanying notes are an integral part of these Unaudited Financial Statements.
 

 
 

DSI REALTY INCOME FUND VI
(A California Real Estate Limited Partnership)

       
Condensed Statements of Cash Flows (Unaudited) (USD $) Six Months Ended Six Months Ended  
  June 30, 2011 June 30, 2010  
       
CASH FLOWS FROM OPERATING ACTIVITIES:      
     Net income attributable to the Partnership $   414,920 $   400,743  
     Adjustments to reconcile net income to net cash provided by operating activities:      
         Depreciation 9,153 8,159  
         Changes in assets and liabilities:      
             Other assets (54,200) (70,128)  
             Incentive management fee payable to General Partners 4,488 (29,755)  
             Property management fees payable 42 345  
             Customer deposits and other liabilities (18,571) (11,244)  
     Net cash provided by operating activities 355,832 298,120  
CASH FLOWS FROM INVESTING ACTIVITIES:      
     Additions to property (18,925) (13,947)  
     Net cash used in investing activities (18,925) (13,947)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
     Distributions to partners (440,007) (439,180)  
     Net cash used in financing activities (440,007) (439,180)  
     NET DECREASE IN CASH AND CASH EQUIVALENTS (103,100) (155,007)  
     CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 654,699 676,360  
     CASH AND CASH EQUIVALENTS AT END OF PERIOD $   551,599 $   521,353  
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
     Cash paid for interest $   0 $   0  
NON CASH INVESTING AND FINANCING ACTIVITIES:      
     Distributions due partners included in partners' equity $   209,938 $   209,938  

The accompanying notes are an integral part of these Unaudited Financial Statements.

 
 

DSI REALTY INCOME FUND VI
(A California Real Estate Limited Partnership)

NOTES TO UNAUDITED FINANCIAL STATEMENTS

June 30, 2011


1. GENERAL


Registrant, DSI Realty Income Fund VI (the "Partnership") is a publicly-held limited partnership organized under the California Uniform Limited Partnership Act pursuant to a Certificate and Agreement of Limited Partnership (hereinafter referred to as "Agreement") dated March 27, 1981. The General Partners are DSI Properties, Inc., a California corporation, and RJC Capital Management, LLC and JWC Capital Management, LLC. The two LLC's are those of Robert J. Conway and Joseph W. Conway, the General Partners of Diversified Investor's Agency “DIA”, a general partnership, and one of the initial General Partner’s of Registrant. The two LLCs replaced DIA as a General Partner as of 2010.

DSI Properties, Inc. is an affiliate of Diversified Securities, Inc., a wholly-owned subsidiary of DSI Financial, Inc. The General Partners provide similar services to other partnerships. Through its public offering of Limited Partnership Units, the Partnership sold twenty-three thousand seven hundred fifty-three (23,753) units of limited partnership interests, aggregating Eleven Million Eight Hundred Seventy-Six Thousand Five Hundred Dollars ($11,876,500). The General Partners have retained a one percent (1%) interest in all profits, losses and distributions (subject to certain conditions), without making any capital contribution to the Partnership. The General Partners are not required to make any capital contributions to the Partnership in the future.

The Partnership owns mini-storage facilities located in Vallejo, California; Arvada, Federal Heights and Colorado Springs, Colorado; and two in Santa Rosa, California. All facilities were purchased from Dahn Corporation ("Dahn"). Dahn is not affiliated with the Partnership. Dahn is affiliated with other partnerships in which DSI Properties, Inc. is a general partner.

The accompanying unaudited interim financial statements have been prepared by the Partnership's management in accordance with accounting principles generally accepted in the United States of America ("GAAP") and in conjunction with the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the unaudited interim financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited interim financial statements reflect all adjustments of a normal and recurring nature which are considered necessary for a fair presentation of the results for the interim periods presented. However, the results of operations for the interim periods are not necessarily indicative of the results that may be expected for the year ending December 31, 2011. These unaudited interim financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Partnership's annual report on Form 10-K for the year ended December 31, 2010.


Fair Value of Financial Instruments

 

ASC 825-10 (formerly SFAS 107, “Disclosures about Fair Value of Financial Instruments”) defines financial instruments and requires disclosure of the fair value of financial instruments held by the Partnership. The Partnership considers the carrying amount of cash, accounts receivable, other receivables, accounts payable and accrued liabilities, to approximate their fair values because of the short period of time between the origination of such instruments and their expected realization.


Recent Accounting Pronouncements

 

In June 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income, which amends current comprehensive income guidance. This accounting update eliminates the option to present the components of other comprehensive income (loss) as part of the statement of shareholders’ equity. Instead, the Partnership must report comprehensive income (loss) in either a single continuous statement of comprehensive income (loss) which contains two sections, net income (loss) and other comprehensive income (loss), or in two separate but consecutive statements. This guidance will be effective for the Partnership beginning in fiscal 2012. The Partnership does not expect the adoption of the standard update to impact its financial position or results of operations, as it only requires a change in the format of presentation.

 

In May 2011, the FASB issued Accounting Standards Update 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. The new guidance results in a consistent definition of fair value and common requirements for measurement of and disclosure about fair value between U.S. GAAP and International Financial Reporting Standards. While many of the amendments to U.S. GAAP are not expected to have a significant effect on practice, the new guidance changes some fair value measurement principles and disclosure requirements. This new guidance is effective for fiscal years and interim periods beginning after December 15, 2011. The Partnership does not expect the adoption of the standard update to have a significant impact on its financial position or results of operations.


2. PROPERTY


Properties owned by the Partnership are all mini-storage facilities. Depreciation is calculated using the straight-line method over the estimated useful life of 20 years. Property under capital leases is amortized over the lives of the respective leases. The total cost of property and accumulated depreciation at June 30, 2011 and December 31, 2010 were as follows:

  June 30, 2011 December 31, 2010
Land $ 1,512,000 $ 1,512,000
Buildings and improvements 7,614,635 7,595,710
Rental trucks under capital leases 161,181 161,181
Total 9,287,816 9,268,891
Less accumulated depreciation (7,704,541) (7,695,388)
Property - net $ 1,583,275 $ 1,573,503


3. NET INCOME PER LIMITED PARTNERSHIP UNIT


Net income per limited partnership unit is calculated by dividing the net income allocated to the limited partners by the number of limited partnership units outstanding during the period.

 
 

4. ALLOCATION OF PROFITS AND LOSSES AND GENERAL PARTNERS' INCENTIVE MANAGEMENT FEE


Under the Agreement of Limited Partnership, the general partners are to be allocated 1% of the net profits or losses from operations, and the limited partners are to be allocated the balance of the net profits or losses from operations in proportion to their limited partnership interests. The general partners are also entitled to receive a percentage, based on a predetermined formula, of any cash distribution from the sale, other disposition, or refinancing of the project.

In addition, the general partners are entitled to receive an incentive management fee for supervising the operations of the Partnership. The fee is to be paid in an amount equal to 9% per annum of the cash available for distribution on a cumulative basis, calculated as cash generated from operations less capital expenditures.

5. RELATED-PARTY TRANSACTIONS                


The Partnership has entered into a management agreement with Dahn to operate its mini-storage facilities. The management agreement provides for a management fee equal to 6% of gross revenue from operations, which is defined as the entire amount of all receipts from the renting or leasing of storage compartments and sale of locks. The management agreement is renewable annually. Dahn earned management fees equal to $73,367 and $70,231, for the six month periods ended June 30, 2011 and 2010, respectively. Amounts payable to Dahn at June 30, 2011 and December 31, 2010 were $11,662 and $11,620, respectively.

6. SUBSEQUENT EVENTS


Events subsequent to June 30, 2011, have been evaluated through the date these unaudited interim financial statements were issued to determine whether they should be disclosed to keep the unaudited interim financial statements from being misleading. Management found no subsequent events that should be disclosed.


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


Critical Accounting Policies


Revenue recognition - Revenue is recognized using the accrual method based on contractual amounts provided for in the lease agreements, which approximates recognition on a straight-line basis. The term of the lease agreements is usually less than one year.


RESULTS OF OPERATIONS

2011 COMPARED TO 2010  


For the three-month periods ended June 30, 2011 and 2010, revenues decreased 5.2% to $587,829 from $620,106 and total expenses decreased 6.8% to $379,942 from $407,472 resulting in a decrease in net income of 2.2% to $207,887 from $212,634. Rental revenues decreased primarily as a result of lower occupancy and unit rental rates. Occupancy levels for the Partnership's mini-storage facilities averaged 69.1% for the three-month period ended June 30, 2011, compared to 75.1% for the same period in 2010. Operating expenses decreased $36,808 or 12.5% primarily due to decreases in merchandise for resale, repair and maintenance, salary and wages and truck maintenance expenses partially offset by increases in promotional advertising expenses. General and administrative expenses increased $2,596 or 4.3% primarily as a result of an increase in legal and professional expenses partially offset by decreases in office supplies and bank account maintenance fee expenses.


For the six-month periods ended June 30, 2011 and 2010, revenues increased 0.1% to $1,216,608 from $1,215,664 and total expenses decreased 1.6% to $801,688 from $814,921, resulting in a increase in net income of 3.5% to $414,920 from $400,743. Rental revenues decreased primarily as a result of lower occupancy and unit rental rates. Occupancy levels for the Partnership's mini-storage facilities averaged 69.5% for the six-month period ended June 30, 2011, compared to 74.9% for the same period in 2010. Operating expenses decreased $28,072 or 5.1% primarily due to decreases in electric utilities, call center services, merchandise for resale, repair and maintenance, salary and wages, workers compensation insurance, employee promotional expense and truck maintenance expenses partially offset by increases promotional advertising expenses. General and administrative expenses increased $12,347 or 7.9% primarily as a result of an increase in legal and professional, office supplies, petty cash and administration expenses partially offset by decreases in bank account maintenance fees and postage expenses.


The General Partners plan to continue their policy of funding the continuing improvement and maintenance of Partnership properties with cash generated from operations. In addition, the Partnership is continuing its marketing efforts to attract and keep new tenants in its various mini-storage facilities.


ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK


Not required.


ITEM 4. CONTROLS AND PROCEDURES


Evaluation of Disclosure Controls and Procedures


The Partnership’s management, with the participation of the principal executive officer and principal financial officer of DSI Properties, Inc., its General Partner, who are the equivalent of the Partnership’s principal executive officer and principal financial officer, respectively, has evaluated the effectiveness of the Partnership’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on such evaluation, the principal executive officer and principal financial officer of the General Partner, who are the equivalent of the Partnership’s principal executive officer and principal financial officer, respectively, concluded that, as of the end of such period, the Partnership’s disclosure controls and procedures were effective.  


Changes in Internal Control over Financial Reporting.


There have been no significant changes in the Partnership’s internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the reporting period that have materially affected, or are reasonably likely to materially affect, the Partnership’s internal control over financial reporting.

PART II – OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS


Registrant is not a party to any material pending legal proceedings.

ITEM 1A. RISK FACTORS


Not required.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS


None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES


None.

ITEM 4. (REMOVED AND RESERVED)


ITEM 5. OTHER INFORMATION


None.


ITEM 6. EXHIBITS


(a) Exhibits

31.1 Rule 13a-14(a)/15d-14(a) Certification: Principal Executive Officer
31.2 Rule 13a-14(a)/15d-14(a) Certification: Principal Financial Officer
32.1 Section 1350 Certification: Principal Executive Officer
32.2 Section 1350 Certification: Principal Financial Officer
101 The unaudited consolidated financial statements and footnotes from the Partnership’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2011 formatted in Extensible Business Reporting Language (XBRL): (i) Balance Sheets (Unaudited); (ii) Statements of Income (Unaudited); (iii) Statements of Stockholders’ Equity (Unaudited); (iv) Statements of Cash Flows (Unaudited); and (v) the Notes to Unaudited Financial Statements, tagged as blocks of text.*

 

*Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

DSI REALTY INCOME FUND VI,
a California Limited Partnership
by: DSI Properties, Inc., a California Corporation, as General Partner

 

By: /s/ ROBERT J. CONWAY

Dated: August 22, 2011

ROBERT J. CONWAY, President
(Chief Executive Officer and Director)

 

By: /s/ JOSEPH W. CONWAY

Dated: August 22, 2011

JOSEPH W. CONWAY, Executive Vice President
(Director)

By: /s/ RICHARD P. CONWAY

Dated: August 22, 2011

RICHARD P. CONWAY, Senior Vice President
(Chief Financial Officer)

 

 

 
 

EXHIBIT 31.1
Rule 13a-14(a)/15d-14(a) Certification


I, Robert J. Conway, certify that:


1. I have reviewed this Quarterly Report on Form 10-Q of DSI Realty Income Fund VI;


2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.


3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.


4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15e and 15d-15e) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the registrant and have:


a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;


b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


c)   evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and


d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.


5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):


a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and


b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ ROBERT J. CONWAY


Robert J. Conway
President of DSI Properties, Inc.,
General Partner (chief executive officer)
August 22, 2011

 
 

EXHIBIT 31.2
Rule 13a-14(a)/15d-14(a) Certification


I, Richard P. Conway, certify that:


1. I have reviewed this Quarterly Report on Form 10-Q of DSI Realty Income Fund VI;


2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which

such statements were made, not misleading with respect to the period covered by this report.


3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.


4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15e and 15d-15e) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the registrant and have:


a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;


b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


c)   evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and


d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.


5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):


a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and


b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ RICHARD P. CONWAY


Richard P. Conway
Senior Vice President of DSI Properties, Inc.,
General Partner (chief financial officer)
August 22, 2011
 

 
 

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of DSI Realty Income Fund VI (the "Partnership") on Form 10-Q for the period ending June 30, 2011 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Robert J. Conway, President of DSI Properties, Inc., General Partner of the Partnership, and performing the functions of chief executive officer of the Partnership, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to 906 of the Sarbanes-Oxley Act of 2002, that:


(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and


(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Partnership.

 

/s/ ROBERT J. CONWAY


Robert J. Conway
President of DSI Properties, Inc.,
General Partner (chief executive officer)
August 22, 2011
 

 
 

EXHIBIT 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of DSI Realty Income Fund VI (the "Partnership") on Form 10-Q for the period ending June 30, 2011 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Richard P. Conway, Senior Vice President of DSI Properties, Inc., General Partner of the Partnership, and performing the functions of chief financial officer of the Partnership, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to 906 of the Sarbanes-Oxley Act of 2002, that:


(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and


(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Partnership.

 

/s/ RICHARD P. CONWAY


Richard P. Conway
Senior Vice President of DSI Properties, Inc.,
General Partner (chief financial officer)
August 22, 2011