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Updated over 7 years ago on . Most recent reply
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HVAC went out. Now what?
Hi BP world,
So I just had my 10 year HVAC unit go out for the first time on my first rental. Luckily, I am prepared and the reserves are there but it ate all the profit for the year.
My experience with home warranty is bad as they always find holes in the contract to avoid paying their share. I didnt not have the HVAC covered at the time it broked, but even if I did I know home warranty will give me a hard time replacing it. So risk was taken and I paid the price.
My question is what are effective ways to follow to minimize these huge expenditures in the future and how can I find those parties in the DFW area?
Thanks,
Asem
Most Popular Reply
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How do you prevent huge dental bills and root canals? Brush your teeth and floss everyday.The same goes for real estate.HVAC units,swimming pools,termites and critters,and appliances need regular inspection and maintenance before they fall apart or rot away.The roof should be inspected after every harsh winter to check for minor damage to repair before it eats away the entire roof over time.Looking for small problems to fix every 6 months can keep your property healthy longer and your cash flow swimming.