Property Management via Home Warranty

[Jeff Penovich]

When deciding to either self manage a property or hire a management company, had anyone ever considered leveraging a home warranty to cover those repairs?

I'm comfortable vetting renters and tracking my cash flow, so the biggest thing I see a property management doing is sending someone out to fix or replace something. A home warranty seems like this would provide an easier predictable cost (with the right coverage) instead of having a PM having a fixed hourly cost to send someone out plus cost of repairs or replacement.

[John Underwood]

Home warranties are not that great, they don't pay for 100% of repairs and often still leave you will high repair bills for what they don't cover.

In my experience you are better of putting the money that you would pay for these policies in the bank and just pay for repairs yourself.

A roof or HVAC system isn't that big a deal once you have some properties.