Home Warranty for Investors

[Melvin Maxwell]

Do any local investors have experience with Home Warranties?  Would you recommend them and any specific companies?

My partner and I are working on our first rehab property and someone suggested the possibility of buying a home warranty for the rental property we are rehabbing.  I've always been sort of suspicious of buying a home warranty and am concerned about delays it might cause to fix an issue for the tenant.  Wondering if anyone has any first hand experience and would recommend for or against them.  Thanks and Happy Thanksgiving to all!

[Alecia S.]

@Melvin Maxwell

I would not waste your money. The problem with home warranty companies is that you cannot choose who does the work all of the time. I had a few with initial properties, but have found I do better finding quality local workers to take care of jobs when I have problems.