Updated almost 11 years ago on . Most recent reply
Do you carry a home warranty on your rental properties?
To be honest, I'm not even sure if you can carry an annual warranty policy on rentals, but is this an avenue anyone utilizes? The benefits would certainly be to stabilize fluctuations in maintenance costs and to streamline repairs, but at what cost? Obviously warranties are a negative proposition cumulatively (otherwise all warranty providers would be out of business), but would you pay a premium for this peace of mind?
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In my opinion, they are a total scam and complete waste of money. They're not going to pay you. Everything will be determined to be pre-existing or some recall B.S. Save your money.