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Updated over 4 years ago,
Home Warranty Programs
Hi BP, My wife and I own a townhome rental property. Recently our water heater went out (it was 25 years old) and it looks like it may be about $1100 or so to replace. This got me thinking about using a home warranty service, like CenterPoint or American Home Shield, for various repairs and replacements like this. I'll be the first to admit I'm not the most handy guy when it comes to home projects and repairs.
Has anyone had any experience with these programs as a landlord? Do you suggest signing up for one? Are they worth the money? If so, which company would you recommend?
Thanks in advance!