... which generally covers the breakdown of appliances, plumbing and electrical issues, etc - inside your property. Generally, the good and reputable home warranty companies are very easy to work with. Whether it's your primary residence, or a rental property... if something breaks, they'll fix it.
How does it work? Something breaks at the property. You notify the company, submitting a Repair Request. They send out a contractor. You pay a small deductible (depending on your plan). The repair is made. Plans, coverage, costs are different depending on the company. And there HAVE been scams related to the home warranty industry. It is VERY important to do your research. Ask us, we're happy to tell you our favorite companies. Ask your neighbors. Look for online business and customer reviews.
Home Warranty Companies
our current landlords are using:
American Home Shield
We work with these companies daily for the rental properties we manage. We submit the repair requests, deal with the contractors provided, and pay any deductibles and additional repair costs when needed. We know how each of these companies work. We know which companies are our favorite to work with, and which have saved our clients the most money!!
For rentals/ investment properties, the cost of a home warranty is normally a tax deduction - so why wouldn't a landlord purchase a little peace of mind, and possibly save money on upcoming and unforeseen repairs?
You can purchase a home protection plan for your home or your rental property, and most companies never ask about the current condition of your appliances or systems. There are plans to cover specific systems within your property (appliances, electrical, pool etc), plans that offer coverage on most everything, plans that will fit most any budget. Most home warranty company plans will cover these items...
We're happy to give you our opinion on the different home warranty companies (the ones listed here, and others we haven't included in this list!). Remember... there HAVE been scams in this field... it is VERY important you do your homework. Ask us, ask neighbors, look for customer reviews and online business ratings. Picking the right company can mean great peace of mind and BIG savings on repair bills!!