Home Warranties are Rental No-No

What is the worst rental property investment you can make? Buying a home warranty product.

As the owner of a property management company, I have not once seen a home warranty company pay out. They are in the business of turning down claims and from a property management company point of view, I have seen tenants wait months for the home warranty company to send someone, who merely states the issue is "a preexisting issue" and denies the claim.  Watch the video on home warranties to experience my rage!

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Author:

Joe White

Joe White is a Philadelphia Property Manager and Real Estate Broker. He is the owner of Grow Property Management and has been involved in the management, sales and purchases of Philadelphia area rental investment properties since 2008. He is an author and works as a real estate investment consultant and construction manager.

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