Landlords, do you have have a home warranty on your rental property?
Sep 12th, 2008 by DougP
I will be renting my home through a rental agency and need to know if it is beneficial to have a Home Warranty while you have renters or just allow the rental agency take care of maintenence?
It's beneficial to always have a home warranty on your home, whether you rent it or live in it. I have one on my home and my rental home, they each cost me $450 a year, but it's worth it. Anything can go wrong, the furnace or A/C can break, then what??? You pay 6 grand to get it fixed? When you have renters, the temp. is required to be above a certain degree, I think on the east coast, it is 68 degrees.. you can't rent a home without heat. Best Wishes. 
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It's beneficial to always have a home warranty on your home, whether you rent it or live in it. I have one on my home and my rental home, they each cost me $450 a year, but it's worth it. Anything can go wrong, the furnace or A/C can break, then what??? You pay 6 grand to get it fixed? When you have renters, the temp. is required to be above a certain degree, I think on the east coast, it is 68 degrees.. you can't rent a home without heat. Best Wishes.
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I do not have a home warranty exactly. I have a maintenance agreement with the local utility company. It covers the Central AC unit and Heater. I could add the stove and water heater but they aren't big ticket items that need much maintenance so I don't bother with them. It runs me $100 per year and covers everything except total replacement.
I've used it a few times and it has more than paid for itself.
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If you have a property manager for your rental it will cost you extra as repairs will have to be managed
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