Learned my lesson about appliances - get a warranty!

[Jack Wang]

The standard washer warranty is 1 year, with the exception of Speedqueen, which comes with a manufacturer-backed 3-5 year warranty. To summarize, my relatively new Electrolux washer (1.5 years old, so it's off-warranty now) has already failed twice, one the drain pump failed and now the control board has failed. Now it's probably more cost effective and lower risk long-term to just get it replaced, which is probably going to cost me $900 or so. I didn't think I'd need a warranty when I bought it, but that was a mistake. Thankfully, the cash flows on this property is good enough that even with that replacement cost, I'll still earn very good cash flow this year.

Unless an experienced landlord tells me otherwise, I think I'll start buying warranties on all my appliances.

[Calvin Thomas]

Moving forward, put all appliances on a AMEX credit or charge card. It doubles the warranty and I've used it a few times already. Appliances are not made with quality any more.