Many landlords wonder if carrying a home warranty for a rental property is worth it. Imagine your tenant calls to let you know they have been without hot water for a day. This is an urgent matter as any landlord knows, you know you have to do something, and fast! So you scramble to contact a specialist hoping they are reliable and after they conclude their diagnostic report, they will let you know whether you need a repair, or if you need an entire system replacement for the hot water heater. Either way, you’re going to have to come out of pocket. With a Liberty Home Guard home warranty plan that cost can be reduced down to just the cost of your one time service call fee!
As a landlord, you already have a enough on your plate in your own home, so any issues your rental property may incur could be a real drag. Why add more stress worrying about finding a reliable HVAC technician or appliance repairman when covered malfunctions happen at your rental property? Even though you’re not living in the home, it’s still your responsibility and you’d be covered if you had a home warranty for your rental property.
Even though you’re not living in the home, you own it and your home is covered in the same fashion as if you were residing there. Liberty Home Guard has the best home warranty for rental property’s with three pre-built plans, and the option to custom build a plan package specifically suited to your individual needs because let’s face it, no two homes are the same.
To determine whether or not a home warranty for your rental property is in your best interest there are a few things to consider first and foremost:
As a landlord, the cost of a home warranty on your rental property is tax deductible. Not only is the annual premium tax deductible, any service fees are considered “operating expenses” and you may claim these expenses to reduce your income taxes. Like with any other tax deductible items you must not forget to save your receipts (which we’ll email you) or credit card statements! A home warranty for your rental property is usually a step in the right direction if you’re looking for peace of mind. Before you enroll in a home warranty plan for your rental property here are some tips before you buy.
Home systems and appliances must be in perfect working order for owners of rental properties to get the most out of their investments. Landlords also have a legal responsibility to ensure the functionality of things like plumbing, heating, and electricity. Unfortunately, the expense of repairing&