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Updated over 4 years ago on . Most recent reply

Kellan Martz's profile image
Kellan Martz's profile image
Kellan Martz
  • Attorney
  • from Los Angeles, CA
  • Member since Aug 2, 2015
  • Posts 65
  • Votes 51
  • Experience 9 Yrs
  • Investments 2
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65
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Kellan Martz's profile image
Kellan Martz's profile image
Kellan Martz
  • Attorney
  • from Los Angeles, CA
  • Member since Aug 2, 2015
  • Posts 65
  • Votes 51
  • Experience 9 Yrs
  • Investments 2
Connect
Kellan Martz
  • Attorney
  • Los Angeles, CA
51
Votes |
65
Posts
Insurance

Home warranty on rental property worth the cost?

Kellan Martz
  • Attorney
  • Los Angeles, CA
Posted

Just closed a few weeks ago on my first rental property. SFR in east Cleveland 44128. New roof on the home but most of the property is in average condition. $45k purchase price.

Is the cost of a home warranty worth it, from a company like American Home Shield or Select Home Warranty? The average cost looks to be about $35-50 per month. Anyone with experience, good or bad, care to chime in? Thanks.

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Matthew T.'s profile image
Matthew T.'s profile image
Matthew T.
  • Investor
  • from Springfield, MA
  • Member since Jan 3, 2010
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Matthew T.'s profile image
Matthew T.'s profile image
Matthew T.
  • Investor
  • from Springfield, MA
  • Member since Jan 3, 2010
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Matthew T.
  • Investor
  • Springfield, MA
84
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276
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Matthew T.
  • Investor
  • Springfield, MA
Replied

@Kellan Martz. I have tried a couple home warranties early on in my real estate investing career. Fast forward 25 years and I never once used them. About 10 years in I did a cost benefits analysis and found it did not make financial sense for me.

  • Matthew T.
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