Living in a multi-family property, such as triplexes, fourplexes, condos, and apartments, comes with affordability and advantages, yet it has more moving parts than most homeowners realize. Most systems are interconnected, and even a slight problem, say a leak in your plumbing system, can wreak havoc in the entire building. Unexpected repair costs can multiply quickly into a major repair across the property. So, it becomes essential to manage the maintenance in a systematic way so that everything runs peacefully.
To minimize the ripple effect of small repairs and breakdowns, ServicePlus offers an effective solution with a home warranty for multi-family homes. They work to protect the bottom line so that issues do not escalate quickly.
Whereas in single-family homes, your systems
are your own responsibility, in multi-family homes, most systems are
interconnected. Now this serves as a great disadvantage, as we already stated
before. With the spread of a small problem across the whole property, the costs
also multiply. This can leave the tenants in despair. Moreover, the risk of
damage deepens with the constant use of systems across units with the same
property.
For the owner or property managers, such
constant repairs are an issue, not just because of the high expenses, but also
because they lower tenant satisfaction. This might reduce lease renewals and
new leases as well. However, prompt repairs and maintenance are necessary.
Here, a home warranty for multi-family property becomes important, offering reliable repairs and
affordable coverage whenever the need may arise.
ServicePlus comes with two affordable home
warranty plans for multi-family homes. The subscription fee starts from as low
as $500-550 for a year, and it covers most essentials. The plans offered are:
If you have additional systems that are not
covered by your chosen plan, ServicePlus offers the flexibility of add-ons to
it for customizing your own home warranty plan. These can be availed at the
price of per-item coverage, saving you from paying extra for a bundle price for
coverage you might not even require. The ability to customize coverage means
you don’t pay for what you don’t need, while still protecting the essentials
that keep tenants comfortable.
When you own or manage a multi-family
property, it is an investment, and having a home warranty for multi-family
properties ensures that this investment remains stable, offering constant
income. It offers the following benefits:
●
Predictable repair costs – The warranty will
only cost you subscription and claim fee, unlike standalone repairs, which can
cost excessively high.
●
Reduced out-of-pocket expenses – The service
fee of $75 will remain fixed regardless of the repair, which can save you
hundreds of bucks on the repair of expensive appliances.
●
Tenant satisfaction – With quick, reliable,
and systematic service, the units are always in optimal living condition, which
ensures the tenants are satisfied, reducing turnover risk.
●
Peace of mind – As a landlord, you don’t need
to struggle finding contractors or make calls for repairs; that is handled by
your warranty provider, like ServicePlus.
ServicePlus, as a home warranty provider, isn’t just about coverage; it goes beyond that to customer convenience and trust. That is why we are available 24/7 to address your claims. You can contact us via our hotline or submit your claim online, ensuring a simple and hassle-free process for you. With quick dispatch and a network of expert, licensed professionals, you get your repairs done fast without the need to make countless calls.
Finally, ServicePlus offers a home warranty for multi-family homes
that is transferable. This increases the market value of your property and
eases the process of sale.
In terms of home warranty for multi-family properties, ServicePlus offers features that
are perfect for multi-family homes. Balancing affordability and flexibility
with reliable claims and services, they make for the most practical choice
amongst other warranty providers. In addition, they are also more appealing to
multi-family property owners and managers because:
● Coverage in 46 states with a broad contractor base.
● Affordable monthly pricing that scales for larger properties.
● Warranty on labor (30 days) and parts (90 days) for added peace of mind.
●
A strong reputation as a trusted
partner for landlords and property managers.
A multi-family property needs high care and maintenance. If the issues aren’t dealt with at their root cause, many problems will remain, creating a spiral of problems, both in terms of pricing and tenant satisfaction. Reduced satisfaction can hamper the relationship with tenants and lower the turnout.
A
suitable solution comes as a home
warranty for multi-family properties. They manage repairs effectively,
without spending hundreds and thousands of dollars on repairs. For anyone
asking, “Do I really need a home warranty
for a multi-family property?” the answer is yes. With ServicePlus, you get
benefits and affordability that surpass even other top-rated home warranty
providers, making it one of the smartest investments a landlord can make.
Absolutely. A home warranty is also a kind of multi-family property. Like most multi-family properties, these too have interconnected systems and higher usage. So, frequent damage is more likely. In such a case, a home warranty would ensure that the property maintenance can be carried out smoothly.
ServicePlus’s Gold and Platinum plans are both perfectt for multi-family homes. The Gold plan covers all the basic systems and appliances provided in every unit for a very nominal price. However, if you need additional coverage, you can also choose our Platinum plan at a slightly higher price.
