We apologize, but the forums are closed for new posts. Click Here To Join The Unemployables Facebook Group

Welcome, Guest. Please login or register.
June 19, 2021, 04:47:09 am
Home Help Search Calendar Login Register

Welcome, Guest. Please login or register.
June 19, 2021, 04:47:09 am
Home Help Search Calendar Login Register

Author Topic: Getting a Warranty for Rental Homes  (Read 3567 times)

Offline sdonald

  • Member
  • *
  • Posts: 11
    • http://www.hisdesigns.00go.com
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?
SDONALD

Offline 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

There's Only Two Things in Life: Reasons and Results.  Reasons don't count.  - Anonymous

Offline sdonald

  • Member
  • *
  • Posts: 11
    • http://www.hisdesigns.00go.com
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.
SDONALD

Offline 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.  ;D

 




SMF 2.0.15 | SMF © 2017, Simple Machines