About three years ago, I bought a household in Phoenix, AZ, then i bought the household with the intention of renting it.
I got it for a great price because the household was quite rundown.
I devoted numerous months to renovations. I nearly gutted the interior, replacing the plumbing, electrical wires and drywall. I added insulation, modern light fixtures and painted. I invested into brand modern appliances, including a washer, dryer, dishwasher, oven and refrigerator, even the water heating system and toilers were brand new. I made sure the a/c was in great working order and upgraded all of the door locks. I even spent some time sprucing up the yard and gardens. I carefully vetted the renter I chose for the house! For about six months, it was a particularly ideal situation, they paid their rent on time and seemed quite blissful residing there! When they initially had some complaints, I made sure to rush over there and repair the problem; However, they were never content. They consistently wanted something upgraded, improved or fixed. I finally explained that if I kept spending cash on the house, I’d need to raise their rent. This made them particularly agitated, 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 brick 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 instantly contacted a Phoenix cash household buyer, explained the situation and secured an offer! By choosing a cash household buyer, I was able to avoid a household inspection, worry over code violations and repairs.