About three years ago, I purchased a house in Phoenix, Arizona.
I bought the property with the intention of renting it.
I got it for a decent price because the house was quite rundown. I devoted several months to renovations. I nearly gutted the interior, replacing the plumbing, electrical wires and drywall. I added insulation, new light fixtures and painted. I invested into brand new appliances, including a washer, dryer, dishwasher, oven and refrigerator. Even the water heater and toilers were brand new. I made sure the air conditioner was in good working order and replaced all of the door locks. I even spent some time sprucing up the yard and gardens. I carefully vetted the tenant I chose for the house. For about six months, it was a really ideal situation. They paid their rent on time and seemed quite happy living there. When they initially had some complaints, I made sure to rush over there and fix the problem. However, they were never satisfied. They always wanted something replaced, improved or fixed. I finally explained that if I kept spending money on the house, I’d need to raise their rent. This made them very angry, and they quit paying rent. The disagreements escalated from there, and I started the eviction process. My renters eventually moved out in the middle of the night without telling me. When I got inside the house, I found everything destroyed. They had broken windows, knocked holes into the walls and wrecked the appliances. They even poured cement down the drains. It was a total mess. I couldn’t tolerate the thought of starting over and making the repairs. I no longer wanted to own a rental property. I immediately contacted a Phoenix cash home buyer, explained the situation and secured an offer. By choosing a cash home buyer, I was able to avoid a home inspection, worry over code violations and repairs.