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Home Warranty or Not

sales • Apr 30, 2021

Are Home Warranties a good idea for your rental

Home warranties might make sense for homeowners that want an easy way to take care of problems including not having to have a list of contractors at the ready or maintenance techs to do the easy stuff or maintenance coordinators to put all the pieces together.  You however are hiring a property manager and that is exactly what good property managers do for you.  Home warranty companies are in business to make a profit, do not give away part of your residential property investment profit to make a home warranty company wealthier.
Home warranty companies are notoriously difficult to work with, often refuse claims and  rarely get things taken care of within the legal timelines.  Sometimes warranty companies can not repair or replace in a timely manner and we may need to use an alternate vendor.  Frequently warranty repair people can only provide a time frame (for example noon to 4pm) for an arrival time.  In this case if the tenant can not be home we will still need to send a maintenance tech to the property to wait for them and you will be billed for our handyman's time.  Using our pre-screened contractors you wont have double charges like that.
But do not just take our word for it do your own searches for example these from biggerpockets.com


https://www.biggerpockets.com/forums/52/topics/715632-property-manager-home-warranty Steve Rozenberg's comments are extremely accurate.


Read the 4th comment on this page (as well as the rest of it) as this biggerpockets.com employee hit the nail on the head https://www.biggerpockets.com/forums/52/topics/477675-home-warranty-plans-yay-or-nay
We no longer work with home warranty companies for new properties and will phase out working with home warranty companies by the end of 2021.  Take the money you are paying or considering paying a home warranty company and put it in an emergency fund acct.  In most every case you will come out ahead in the end...that's the bet the warranty companies are making too.

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30 Apr, 2021
Google has become one of our main technology partners and recently we have been recognized as a veteran-led business with a special edition challenge coin. Military challenge coins have been used since WWI and were issued to service men and women as symbols of recognition or unity. We really appreciate the service of all veterans, especially to our director Sean for all the things he has done for the nation. If you want to find out more of our partners and technology go in to our website and read more about them.
By sales 06 Apr, 2021
We used to have a place called “home”, it used to be our safe and comfortable place where we would hang out for the weekends and used it to sleep. This last year we have learned that our house is not just a 4 wall place it is more than that...it is a yard for bbq with our closest friends, it is a small cinema room to share popcorn and movies with our kids, it is a restaurant where the new chefs can learn new recipes, it is our office where a lot of new deals get closed and if you ask your kids, they might tell you that their home is a castle full of dreams. It has been rough but also has been amazing because we have had the chance to enjoy family time, we have had the opportunity to see our plants grow, to enjoy the garden and all this is one of the main reasons why we should have everything in our home in great condition. If you are not sure whether it is time to do some maintenance or not, we can help you out! Use your mobile app to take a picture and report any problem areas that we can fix for you. We can be the perfect team; tenants and maintenance department, so the only thing you would have to do is sit back, enjoy the view and relax! Find us on our web page: hollandprop.com Follow us on Facebook: @hollandpropertiesInc
By stevedeardorff 09 Nov, 2020
Thanksgiving Basket update - we have had an amazing response from our investment property owners! You are a wonderfully generous group of people and we are appreciative that so many have jumped at this chance to partner with us to fill the need for a happy Thanksgiving for our tenants. We have started the list of tenant requests for help and will be able to help each and every one so far. With change and challenge comes opportunity! If you are thinking about expanding your investment portfolio check out the list of properties currently available. You can find the link in under the owner tab titled current managed properties on the market. We know and like these properties and give them our endorsement as great choices for purchase. Reminder that every month on or about the 15th you get 2 emails from us. The first tells you how much is deposited and the second has the link to your owner’s portal. If the deposit amount is not what you expected, don't call right away. Wait for the second email then click the link, sign in and you will be able to see the accounting for how the deposit amount was calculated. From all of us at Holland Properties and Innovative Property Management thank you!!
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