Do You Need a Home Warranty for Your Rental Property?

Posted by Mike Langolf on Aug 18, 2020 9:00:00 AM

silver refrigerator in a white kitchen with stove and sink

What is the most important part of owning a rental property – cash flow! If you are like many smaller real estate investors, unforeseen expenses can be disastrous to your financial health.

One way to mitigate unforeseen potential expenses is through insurance, or more precisely, a home warranty.


What does a home warranty cover?

Most home warranty companies provide a couple options that usually cover appliances and/or home systems.

Appliances include, but are not limited to, refrigerators, cooktops/ranges, ovens, built in microwaves, trash compactors, dishwashers, clothes washers and dryers and garage door openers.

Home Systems include, but not limited to, air conditioners, heating systems, duct work, water heaters, plumbing, ceiling and exhaust fans, central vacuums and electrical systems.


Your tenant calls you early in the morning complaining there is no hot water and they are trying to get ready for work. How much is this going to cost you? Emergency repair bills can add up quickly, but with a home warranty this expense will likely be covered by the policy. Saving you hundreds or maybe a thousand dollars in out of pocket costs. All of sudden that extra $50 or $60 a month seems well worth it.

There are a number of quality companies offering home warranties and we certainly recommend you do your due diligence to find the right company and program for you.

For those of you in DE, ID, IN, KS, MI, MO, NJ, OH, PA or TN, we would encourage you to check out Guard Home Warranty via the following link –


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