Case Studies

Investment Property

Case Study 1 Rental Home in N Portland

Challenge Category:
Investment Property

Property Description:
Distressed rental home with problem tenants and nuisance liens

Our Seller's Challenge:
The owner of this home was facing significant repair costs and growing fines from the City of Portland due to problem tenants. Not only were her tenants causing extensive damage inside the home, they were several months behind on rent and unwilling to pay. The home also had a damaged party sewer line that had to be completely replaced. Our seller simply wanted to sell the home, but she had months of headaches ahead of her just to create a marketable property.

The Phoenix Solution:
We worked with our seller to craft an all-cash, as-is transaction that allowed her to walk away from her problem tenants and the need to improve the home. Phoenix took over the management of the tenants and worked with the City of Portland to address each of the outstanding nuisance and code violations.

Our Seller's Outcome:
With a single phone call to Phoenix, our seller was able to sell a problem rental and put her equity into a more stable investment. With the burden of her rental out of the way, she is now free to focus her time on growing this equity and pursuing her other interests.

Case Study 2 Two-Property Rental Portfolio in Portland

Challenge Category:
Investment Property

Property Description:
Two Rental Homes with Long-Term Tenants

Our Seller's Challenge:
An owner with two rental properties had become tired of being a landlord and wanted to sell his portfolio. Not only had being a landlord become a burden, but this owner had an opportunity to acquire a new residence that was a good move for his family. Accessing the equity in his two rentals was a critical step in securing this new residence, but selling the two rental properties was complicated by the presence of long-term tenants who made showing the homes difficult and kept him from doing much-needed repairs to make the homes ready for the resale market.

The Phoenix Solution:
We worked with our seller to craft an all-cash, as-is transaction that allowed her to walk away from her problem tenants and the need to improve the home. Phoenix took over the management of the tenants and worked with the City of Portland to address each of the outstanding nuisance and code violations.

Our Seller's Outcome:
We worked with our seller to craft an all-cash, as-is transaction that allowed her to walk away from her problem tenants and the need to improve the home. Phoenix took over the management of the tenants and worked with the City of Portland to address each of the outstanding nuisance and code violations.

Case Study 3 Craftsman-Style Rental in SE Portland

Challenge Category:
Investment Property

Property Description:
Vacant Rental Property

Our Seller's Challenge:
The owner of this rental property needed to access the equity for another opportunity. Given the home’s location and condition, preparing and selling it was going to be time consuming and expensive. Our seller wanted to ensure that the sale occurred in the current tax year, so time was of the essence.

The Phoenix Solution:
We worked with our seller to craft an all cash, as-is transaction that closed quickly, giving him nearly immediate access to his equity and placing the sale in the desired tax year.

Our Seller's Outcome:
Our seller was able to quickly achieve his goal of selling his investment property before the end of the year and without incurring the added expense of lender required repairs. His funds are now working for him in another investment.

Testimonial:
"My rental house required certain repairs that I wasn’t able to do. I set a reasonable market price and Phoenix Redevelopment agreed to buy it "as-is" and set the closing for December, 2012. The closing went smoothly and was closed in 2012, as promised. This was a "win-win" situation and I would gladly recommend them for this type of situation."