In this episode, John and Kyle discuss whether landlords should keep a home
warranty or have one at all. They explain that while some people may find value in
home warranties, they generally do not recommend them for landlords. The main
reasons for this are the inconvenience and delays in getting repairs done through a
home warranty company, as well as the legal requirements landlords have to quickly
address emergency situations. The guys also mention that home warranties may save
homeowners money, but they do not benefit the residents living in the rental property.
Key Takeaways:
• Home warranties may be convenient for homeowners who have had positive
experiences with them, but they are generally not recommended for landlords.
• Landlords have legal obligations to address emergency situations promptly, and
home warranty companies may cause delays in getting repairs done.
• Home warranties may save homeowners money, but they do not benefit the residents
living in rental properties.
Quotes:
"People that love home warranties have had extremely good experiences financially
with them."
"Home warranties don't save the resident, the person living in that home any money."
"You have a legal obligation to get that problem fixed as soon as you possibly can."
You can listen to We Are TPM on any major podcast platform including Apple
Podcasts, Google Play, Spotify, and many more.
Tune in today!
We Are TPM
Teixeira Property Management
Mansfield, Texas
www.WeAreTPM.com
ShowMeTheMoney@WeAreTPM.com
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There are a vast amount of ways in today's world to build wealth using real estate and
investing, not just in property, but in yourself!
Located in the Dallas-Fort Worth area of Texas, John Teixeira and Kyle Teixeira of
Teixeira Property Management bring you all of the knowledge and experience they can
provide for the confidence to achieve your investment goals, or how and why to create
them. Now, while John and Kyle have a ton to share, they will also be bringing you
interviews with some of their clients, industry partners, experienced investors, and
much more every week!
John and Kyle look forward to sharing the knowledge you need about arguably the
greatest investment vehicle that is available to the masses — Real Estate. Knowledge
is power, and John and Kyle intend to give you as much power as possible. It's not
always about the HOW, but also the WHY, and they will be digging into it right here
every week!