1-407-575-5392
Menu

Should Rental Properties Have Home Warranties?

NEXT
PREV
Tue, Sep 21, 2021 at 1:05PM

Should Rental Properties Have Home Warranties?

First, for those who are looking to enter the landlord business Home Warranties are separate from Home Owners Insurance. They provide different types of protection (we will cover more on this) and while Home Warranties are optional Home Owners Insurance is not.

What is a Home Warranty?

Home Warranties protect household appliances from what is called normal wear and tear. These warranties can be purchased with varying types of coverage and may cover appliances, fixtures and even some systems in the home. Normally there is a small service fee for a technician to come and inspect the damage. Items may be repaired instead of replaced but when appropriate items may be replaced with similar or possibly identical items. American Home Shield is a good place to start your search as they are one of the more popular providers.

Should I get a Home Warranty on my rental property?

That is something that depends on your financial abilities. If you can self-insure (afford repairs) and the items are relatively new compared to their expected life span then maybe pass on insurance. If the appliances are in their back-half of life expectancy they can go out without notice and be rather expensive to repair or replace. It is also easier for the rental management company to contact or for you to contact the Warranty Provider than have you write a check.

Other things to consider are that often tenants are not as gentle or conservative with appliances. Especially in short term rentals. Also, tenants are not as quick to provide maintenance like changing those air filters or keeping the grass mowed around the air conditioner outdoors.

Moving Forward

If you have been considering a home warranty check with American Home Shield or possibly even with your Home Owners Insurance company. Be honest about the home being a rental and the condition of the property. If you have any concerns or have decided to lease one of your homes contact us for assistance with property management. We would love to hear about your home warranty and rental property.


Bookmark & Share



User Comments


Be the first to comment on this post below!




All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 12/3/22 7:29 AM) |

Listing Search



Translate Tool

Featured Listings
Lakeland Real Estate
$1,500
3 BED
2 BATH
3bedroom 2 bathroom home Conveniently located off of County line road close to I-4 and SR 60 nestled perfectly between P... Read More
Lakeland Real Estate
$1,250
2 BED
1.5 BATH
Welcome to your two-bedroom and 1 bath duplex rental, located in Lakeland, FL. This recently-renovated home features b... Read More
Lakeland Real Estate
$2,300
3 BED
2 BATH
Check out this newly remodeled 3 bedroom 2 bath in the gated community of Highlands Creek. This home has been lovingly c... Read More
Lakeland Real Estate
$2,000
3 BED
2 BATH
Great home close to everything. House features Florida Room, GRANITE COUNTER, New tile floors, new paint, bonus room... Read More
Lakeland Real Estate
$2,200
4 BED
2.5 BATH
NORTH LAKELAND! Spacious 2 Story Home located in Hampton Hills subdivision, 4 Bedrooms /2.5 Bathrooms. The master bedr... Read More
Contact Wendy Morris

407-575-5392

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
16797 Broadwater Avenue
Winter Garden, Florida 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2022 lakelandflpropertymanagement.com - all rights reserved. | Site Map