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July 05, 2022, 05:01:40 am
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Real Estate Investing Forums
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Getting a Warranty for Rental Homes
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Topic: Getting a Warranty for Rental Homes (Read 3813 times)
sdonald
Member
Posts: 11
Getting a Warranty for Rental Homes
«
on:
October 25, 2004, 01:32:35 pm »
Has anyone here done a lease option on a home with a subleasor in the home? I was wondering if you know of any companies that may offer a warranty like a homeowners warranty for homebuyers who are in aged homes. A friend of mine who owns a town home actually told me she has one that is just about $300 a year. She has some plumbing problems that totalled to over $1500 but only had to pay a $100 deductible.
Is this a good strategy and are there any companies that would let a leasor get such a warranty?
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SDONALD
Admin
Administrator
Member
Posts: 1076
Re:Getting a Warranty for Rental Homes
«
Reply #1 on:
October 25, 2004, 01:53:01 pm »
sdonald,
American Home Shield and other companies offer tenant home warranties, although they're slightly higher...
http://www.reiclub.com/real-estate-business-tools.php
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There's Only Two Things in Life: Reasons and Results. Reasons don't count. - Anonymous
sdonald
Member
Posts: 11
Re:Getting a Warranty for Rental Homes
«
Reply #2 on:
October 25, 2004, 01:56:05 pm »
Awesome that is actually the company that she mentioned. Of course her home is very old and she signed the warranty a little over 10 ago.
Thanks Tim.
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SDONALD
peachfield
Member
Posts: 14
Re:Getting a Warranty for Rental Homes
«
Reply #3 on:
November 12, 2004, 04:49:13 pm »
I have a rental and purchased a homeowner warrenty about $500 a year and the first year it really paid for it's self from plumbing, elect, to the pool pump. Each call was $45.00 , oh, and I forgot the a/c, it covered that. get it, you'll be happy when you need it.
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