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Updated over 2 years ago on . Most recent reply

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Sharon Zhou
0
Votes |
8
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Home warranty for Tenant to use

Sharon Zhou
Posted

Hey everyone, I recently discovered a rental property in my neighborhood that has an interesting listing. The owner has purchased a home warranty and requires tenants to file claims for repairs. This is the first time I've encountered this strategy and I'm curious about your thoughts on it. What do you think of this as a property management tactic?

Quote from the listing: "Owner will cover HOA fees and warranty coverage. Repairs will be made through warranty. Tenant responsible for service charge for each repair (warranty information will be provided). " 

Most Popular Reply

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2,191
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Greg M.
  • Rental Property Investor
  • Los Angeles, CA
5,100
Votes |
2,191
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Greg M.
  • Rental Property Investor
  • Los Angeles, CA
Replied

So if an appliance breaks down through no fault of the tenant, the tenant is on the hook for having it fixed. 

This is not a benefit, it's a negative for the tenant. 

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