That sort of property is just usufruct. That's not what libertarian socialists oppose. I am not a libertarian socialist. Libertarian socialism is an anarchist school of thought. I am a Georgist, social democrat, and neo-republican. What libertarian socialists oppose is the artificial sort of property known as fee-simple or allodial property, upon which modern capitalism is based. Personally, my position (Georgism) upholds fee-simple but uses tax policy to mitigate the negative consequences.

Check out my series on libertarian socialism (I used to identify with anarchism/libertarian socialism, but I do not anymore, but their critique of property is still valid):
https://steemit.com/anarchism/@ekklesiagora/property-as-theft-the-libertarian-socialist-critique-of-property-summary-anthology