For about ten years, I owned a rental property in the Phoenix, Arizona, area, however the building included four rental units of varying sizes; Over the years, I was quite conscientious about keeping up with repairs as well as renovations! I updated to Energy Star rated windows, automated door locks as well as security lights.
I invested into a new roof, new Heating as well as Air Conditioning system as well as water heaters, however as tenants moved out, I upgraded appliances, light fixtures as well as plumbing fixtures.
I had the interior as well as exterior correctly painted as well as paid for grass care. I noticed a steady decline in the integrity of my occupants. In the beginning, I had tenants who planted flowers, cleaned the windows, swept the sidewalks as well as kept the location neat as well as tidy, but by the end, my tenants left bags of garbage on the porch, litter in the grass as well as caused constant harm. They complained about everything, called me at all times of the morning as well as night as well as were usually late with the rent. A few of my last occupants quit paying altogether. I couldn’t keep up with the complications they caused as well as couldn’t tolerate the stress. I decided to sell the building! Listing the property led to all sorts of complications with the occupants. The real estate agent had lots of suggestions that all involved me spending a ton of money. I got one offer that fell through when the bank denied lending. The bank required a new roof, even though the current roof was just fine. At that point, I’d had enough. I was no longer willing to live with the hassle of the tenants. I wanted to sell the property swiftly as well as painlessly. I reached out to a local currency apartment buyer. They supplied a currency offer within twenty-four hours. The process was beautifully straightforward, but having uncooperative occupants was not a stumbling block. They accepted the property as-is as well as my fine friend and I closed in about a week.