Should you get a home warranty? This is a question that we hear a lot from landlords, so today we’re discussing whether or not you should have a home warranty for your rental property.
Property Management St. Louis: Protecting Appliances
A lot of times, it makes sense for landlords to have a warranty, especially if your property has a lot of major appliances that would be expensive to repair or replace. Most home warranties cover all of these appliances, from refrigerators to washers and dryers, and everything in between.
Property Management St. Louis: Access to Vendors
Another benefit to having a home warranty is that you won’t have to spend a lot of time finding a good vendor for the repair that may be needed at your rental property. Instead going out and finding a maintenance person to service these appliances when they break down, you can call your warranty company, and they will send someone out for you.
You’ll want to take a look at the cost of any warranty plan before you buy it. Get to know what the warranty covers and what it excludes, and ask about whether there’s a deductible or a trip fee that you need to pay when you file a claim.
We can help you decide if a home warranty makes sense for your rental property. If you have any questions about home warranties or anything pertaining to property management in St. Louis, please don’t hesitate to contact us at Select Leasing & Management.