Rental Property Home Warranty
I'm thinking about looking into American Home Shield to warranty my appliances for my rental properties. Does anyone have any exposure to using a home warranty or home warranties similar to American Home Shield?
Most Popular Reply
@Chris Lawrence I've used them on two different properties and they were good overall. They contracted with local companies I already knew so that worked out well.
I dropped them in the end because wasn't worth the price, for me at least. I was paying about $900/year for a duplex, with a $100 service charge (flat rate). Some years I would only have a call or two, so I was into it for about $1,000 per year.
Note my plan was the electrical / plumbing / heating system package and did not cover appliances. Appliances are pretty cheap these days and last quite a while. Refrigerators I bought for $500 over 10 years ago are still fine, and I would just replace if they broke or couldn't be easily fixed. Also have a few $250 washer / dryers that are still going after 15 years.
- Tom