When you own a rental home the last thing you want to do is have something major go wrong with the furnace or water heater.
I have followed the Blue Ribbon Home Warranty company for years because I have run into their site many times while doing real estate related searches.
I spoke with DonLee Lane the CEO of Blue Ribbon Home Warranty based in Denver Colorado on the phone this morning and he provided me with some insight on his company.
- They have been around since 1985, (I would think age of an warranty company would be very important.)
- They offer many pricing plans that most can afford
- They are BBB member
- I also read through a few of the many testimonials on they site and their customers have a lot of nice things to say about them
To be honest I have never used this company but on my very first house I bought in Kansas I had a warranty and it came in handy when my water heater started to leak.
5 users responded in this post
Dave,
Do they only provide warranty for home in Colorado only?
Yes they only cover properties in the state of Colorado.
Nice concept! Bet it would work great in florida!
It is a neat idea, I am sure someone has thought of it in Florida.
There are several home warranty companies that are out there. Some will provide service to homes that are leased while others won’t. If they do, it’s good to check to see if they must have coverage started before the home becomes a “rental” or if they can start service after you’ve had a resident or two. The other thing to do is compare services of each of the warranty companies as well as prices. A good question to ask: Will they bill the resident or the owner for the service call? Then the owner/property manager must account for the warranty service call charges in the lease (most will bill at the time of service and the resident will be the one calling the work in).
Home warranties are a great thing for residents as well as the owners!
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