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All Forum Posts by: David Dachtera

David Dachtera has started 94 posts and replied 4492 times.

Post: Programmable thermostats = financial suicide

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,611
  • Votes 2,992
Quote from @Andrew Steffens:

We only put limits of 66-68 in FL, people walk in, drop it to 50 degrees thinking it will cool the unit quicker and end up freezing the unit.  I have had to lecture some owners who set the AC limit to seemingly reasonable 72-74 but have gotten us complaints.


 Guests and owners need to understand that a thermostat is a switch, not a throttle.

Post: Trying to back out of deal with earnest money

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,611
  • Votes 2,992
Quote from @Charlotte Wilson:

We put in an offer a few weeks ago for a property in Kenosha, Wisconsin that has turned out to need a lot of work and the sellers aren’t in agreement to fix majority of it. Long story short, the electrical is a big issue. we sent an addendum and they responded with fixing some of electrical but not in a way that made sense, so we denied it. The NEXT day, they had an electrician work on the house performing those tasks that we didn’t agree to. Would this be a way to back out of our contract to get our earnest money back? My real estate agent is saying no but when I look online, it states otherwise and I have no further knowledge to back it up. Any advice is appreciated.


 What did your attorney say?

Post: DSCR lending expert

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,611
  • Votes 2,992
Quote from @Timothy Hero:

I've brokered over 325 DSCR loans. I can help with the refinance to pull equity out, but no the purchase, as 99% of the industry won't finance mobile homes.


 Sorry ... gotta ask a "dumb" question here (I've never looked much into MHPs) ...

Don't the home owners own the mobile homes while the park owner owns the lots and everything else?

What am I missing here?

Post: Expensive lesson by leaving one clause out of rental agreement

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,611
  • Votes 2,992

Another case where common sense isn't so common.

My $0.02 ...

What did your corporate attorneys say when you ran it past them?

Post: Is AN 800+ FICO CREDIT SCORE EVEN POSSIBLE?

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,611
  • Votes 2,992

Possible? Certainly.

Probable? Huh-uh. The posts here are those folks whose credit history is exceptional. That said, I'm 6 years out of bankruptcy and on fixed income. My FICO-8 score is in the low-700's.

One of my credit mentors said it this way: "A credit score is a tool, not a trophy".

Post: Can Federal Lands Solve the U.S. Housing Crisis?

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,611
  • Votes 2,992

A big chunk of the housing shortage goes back to the Crash of '07 / '08 when, according to the economists of the day, 80% of builders and developers went bankrupt once the supply of new mortgage lending dried up.

A good solution - though not the only one, certainly - would be to get home building back on track. We're finally seeing some of the incomplete developments being back-filled, yet dilapidated suburbs and subdivisions are found in areas where economic development slowed and later stopped leaving job loss and abandoned homes in its wake. A comprehensive plan providing jobs and home financing in those area would certainly be a big help toward restabilizing those communities and making housing and worker opportunities available again.

My $0.02 ...

Post: Tenant doesn’t want to place TP in waste basket

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,611
  • Votes 2,992

If it's the kid(s) using this bathroom, expecting them to honor the wastebasket request is likely not realistic. If stuffing TP down the commode is entertainment to them, they're not likely to change that voluntarily.

My $0.02 ...

Post: No shower for 3 days due to necessary repair

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,611
  • Votes 2,992
Quote from @Kay B.:

I am a new landlord and need to replace the only shower in our rental property, which will take 3 days to complete. The tenants will be staying at the premises for the duration of the repair and expect compensation for the inconvenience/impact. We offered them 25% rent reduction in daily rent throughout the course of the 3 day repair, but they have countered with expecting a full days rent reduced for each day. What are we legally required to prorate/deduct in rent considering it is their only shower and will not have one for 3 days? Thank you! 


Have you looked into any of those one-day bathroom rehabs being advertised on TV? 

Post: Tenant Complains AC Not Cooling to 68 degrees, Outside Is 114 degrees

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,611
  • Votes 2,992
Quote from @Bruce Woodruff:
Quote from @David Dachtera:

With an OAT (Outdoor Air Temp) of 114, the lowest indoor temp one can reasonably expect is 94.

One can reasonably expect climate change to have an impact on sizing guidelines going forward.

A) What most people don't know/recall is that the AC equipment will cool the air it receives by approx 20d. So it is not continually cooling the same outside air, but rather, it takes the recently cooled indoor air and  recycles it through the return air vents and cools it again. So for example, the unit takes outdoor air of 110 and cools it to 90. Then it (gradually) cools it again and again. That is how AC can make a house 76d when it is 116d outside.

B) Yes, when the average global climate temps rise, it will be more difficult to cool the average home....and conversely, when the global temps drop (which they do in a cyclic manner over the millenia) future AC systems will have an easier time of it :-)


Domestic HVAC system sizing is based on heat migration from outside, usually radiant heat through windows and such and conducted heat through walls and insulation. Roof and attic insulation are key factors in controlling the heat load.

Commercial HVAC sizing is based on that plus the addition of heat from air supplied from the outside to replace "stale" air indoors - local ordinances often require specified amounts of air replacement - in an occupied space and also from the number and activity of individuals expected to occupy that space.