How a Home Warranty Helps Landlords Save Money on Rentals

Owning a rental property can be a smart way to build wealth, but ask any experienced landlord and they’ll tell you — it can also drain your bank account if you’re not prepared for surprise repairs. From busted water heaters to malfunctioning appliances, things break — and when they do, it’s your responsibility to fix them fast.

That’s exactly why so many landlords rely on a home warranty to protect their cash flow and avoid big, unexpected expenses. Whether you own a single rental unit, multiple properties, or you’re new to real estate investing and shopping for your first home warranty, here’s how ServicePlus can help you save money, time, and stress — without the shocking repair bills.

Landlords Face Unique Repair Challenges

When you own your own home, a broken dishwasher is an inconvenience. But when you’re a landlord, it’s more than that — it’s a legal responsibility. Tenants expect you to fix broken systems and appliances quickly. In many states, local landlord-tenant laws require it.

Some of the biggest budget-busters for landlords include:

  • Failing HVAC systems during peak seasons.

  • Broken refrigerators or ovens that disrupt tenants’ daily lives.

  • Water heater leaks that can cause expensive water damage.

  • Plumbing or electrical breakdowns that need emergency repairs.

One major repair can eat up months of rental income — which is why an affordable home warranty is a smart backstop for any landlord.

What Does a Home Warranty Cover for Rentals?

A home warranty acts as a service contract that covers the cost to repair or replace key systems and appliances when they fail from normal wear and tear. It’s different from insurance (which covers damage from disasters like fires or storms).

With a ServicePlus plan, landlords can protect:
  Major appliances — refrigerators, ovens, dishwashers, washers, dryers.
  Heating and cooling systems.
  Electrical and plumbing systems.
  Optional items like sump pumps, built-in microwaves, and more.

Why New Landlords Should Consider a First Time Home Warranty

If you’re new to being a landlord, you might not realize how quickly repair costs can pile up — until they do.

Imagine this: your tenant calls on a Friday night because the furnace stopped working during a cold snap. You scramble to find a contractor, pay emergency rates, and suddenly you’re out $1,200 or more.

When you have a first time home warranty with ServicePlus, you’re not scrambling. You call ServicePlus, file a claim, and pay a small service fee — while ServicePlus handles the rest.

Extended Home Warranty Cost vs. Paying Out of Pocket

A lot of landlords wonder, Is it really worth it? Let’s compare.

Without a home warranty:

  • New HVAC: $5,000–$10,000

  • New water heater: $800–$1,500

  • Major appliance repair: $300–$1,200

  • Emergency plumber: $300–$1,000

With a home warranty:

  • You pay a predictable annual or monthly fee plus a small service call fee (often under $100).

  • ServicePlus covers the cost to repair or replace covered systems and appliances.

When you consider how many calls you might get in a year — especially with older rental properties — the extended home warranty cost is often far less than paying out of pocket for surprise breakdowns.

Protection for Multiple Rentals

Good news for property owners: home warranties aren’t just for single homes. If you own multiple units, duplexes, or rental condos, you can protect each one with an affordable plan.

Many landlords even build the extended home warranty cost into the rent they charge tenants, turning an unpredictable expense into a predictable operating cost. ServicePlus makes it easy to manage multiple properties under one account — saving you hassle and paperwork.

How a Home Warranty Keeps Tenants Happy

Every landlord knows that keeping tenants happy means fewer vacancies, less turnover, and more steady income. Nothing frustrates a renter more than waiting days (or weeks) for a repair.

A home warranty from ServicePlus:
  Gives you a trusted network of licensed contractors ready to respond fast.
  Handles scheduling and dispatching so you’re not hunting for help at midnight.
  Reduces out-of-pocket costs so you don’t delay needed repairs.

Happy tenants mean lease renewals, good reviews, and less money spent finding new renters.

What to Look for in a Landlord-Friendly Warranty

Not all plans are the same. Here’s what landlords should check before signing up:
  Clear coverage for systems and appliances tenants rely on daily.
  Reasonable payout limits for big repairs.
  24/7 claims service for emergencies.
  Flexible plans if you have unique appliances (like a second fridge or extra HVAC).
  Transparent pricing so you know your extended home warranty cost upfront.

ServicePlus checks all these boxes — which is why so many landlords trust them for their first time home warranty or when expanding their rental portfolio.

Final Thoughts

Being a landlord doesn’t have to feel like gambling with your savings every time something breaks. A home warranty is one of the smartest tools to keep your rental income predictable and your tenants satisfied.

So, whether you’re a seasoned landlord or shopping for your first home warranty, ServicePlus makes it easy to protect your rentals with fair pricing, clear coverage, and a nationwide network of reliable contractors.

Your rental property is an investment. Keep it protected — and profitable — with a home warranty that works as hard as you do.

 

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