has anyone used a home warranty plan for their rental properties

[Jason Baker]

what are peoples experiences with home warranty plans with rental properties.  My parents have one for their house and they love it.  They pay  680 a year and then any service work cost a flat rate of 75 dollars.  A recent example is this winter the blower motor and control board on the furnace went out, they sent a technician next day they replaced the board and motor for 75 dollars. that service would have been almost 1000 dollars, seems like a good deal.  My only concern would be if the speed of the service is not good tenants may get frustrated and you still need to hire someone and pay for expedited service .  

[Aaron K.]

If it were a good deal the home warranty companies would go out of business they price it so that on average they come out ahead.