A.D. CANTELMO REALTY/TONY CANTELMO
BROKER
TONY CANTELMO

A.D. Cantelmo Property Management
Our Business is Property Management Orange County California

 

Do you, or don’t you?

     Every Property owner probably has asked themselves that question,  many times during the duration they own their property. Do they upgrade the kitchen, or not? Do they put in wood flooring, or Laminate flooring? Do we spend the money on Solar or not? The questions never stop and homeowners have to weigh many factors when making these decisions. One question that homeowners and investment property owners have to ask themselves is, Do they pay for a "Home Warranty" policy, or don’t they.

     First, what is a "Home Warranty"? You might have seen the commercial on TV that shows a woman and the “Grim Reaper” in a kitchen. She thinks the “Grim Reaper” is coming for her, but when she finds out that the refrigerator is the one that is about to become extinct, she begs for its life. The commercial is for a “Home Warranty” company, and their point is that your appliances can break at any time and of course your “Home Owners” insurance will not cover the repair or replacement. The pitch, for a “Home Warranty” Policy, is that for a small monthly fee, you can have the Piece of mind, knowing that if your refrigerator or any other appliance breaks in your home, it will be repaired or replaced without you having to break the bank. But is it really that simple.

     Well, just like everything else, the real story is in the details and for “Home Warranty” coverage, the details are really important. Let’s look at how “Home Warranty” coverage works.

     First, The cost of a “Home Warranty” can range from $300-$600 per year depending on the coverage and the deductible for each repair can range from $60-$100 per call. For example, if your Dishwasher breaks and you call the “Home Warranty” company, it will cost you the deductible for them to come out. If it can be fixed, they will fix it, or they will replace it, depending on your coverage. But if your Dishwasher and refrigerator breaks, you will have to make 2 calls and pay a deductible for each appliance. But the real problem is what is covered and what is not. For example, one of my clients has a “Home Warranty” and the pump on the furnace was leaking. I called the company, and they came out, but would not cover the cost of the pump, because the pump was an “after market” install. I had another client who also had a “Home Warranty” policy and their water heater was making a very loud noise, but the “Home Warranty” company would not cover the repair, because the noise, while annoying, it was not  was causing the water heater to not heat the water.

The “Home Warranty” companies in refusing to pay for these repairs due to the policy were in the right, but the home owners were not happy because they had to pay for the repairs while also paying for “Home Warranty” coverage.

     For Home owners, whether it be for a personal residence, or investment, they have to weigh the cost of repair and replacement with the cost of the yearly fee and deductible and of course will any of your appliances break in the course of the year. As a Property Manager, I really can’t tell people what is best. My thinking is that for small appliances, it is really not worth the cost, of the “Home Warranty” coverage, since most appliances last quite a long time and if one breaks during the year, it would probably cost less to repair or replace it on your own then the "Home Warranty" policy would cost. But if an Air conditioner or Furnace breaks, it could be worth the yearly cost and deductible. Just remember to read the policy very carefully, or you may be surprised when the expensive repair or replacement is denied.


A.D. Cantelmo Property Management
Specializes in Property Management Orange County Ca.

Tenant/ Property Service
 
Marketing Property
We market your property on all the major Real Estate websites, including Zillow, Trulia, Realtor.com, and the Multiple Listing Service

Showing your Property
We make sure your Property is shown to all Qualified, interested parties. We never allow Unchaperoned shwings

Screening Tenants
We have a detailed tenant screening process. We run Credit, Criminal and Eviction checks. we check rental history, and use our more then 10 years of Property Management experience to place the Best Tenant possible in your Property

Open 7 Days a week

Contact Tony
714-313-7413
If you have hours that do not coincide with normal business hours, No Problem.


 

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What my clients are saying  

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

"10 out of 10 I am so Happy Since I left my old company and I joined AD Cantelmo Property Co I am stress free I live in a different state and this company watches my house and always Mr Tony Cantelmo is on top of things I really want to thank you for what you do for me and I would really Recomend this Company to any and every one Thank You again. Shawn" ------------------- "I need to trust the people I work with and I trust Tony. He stays on tops of things, communicates well, and gets things done. He not only gets things done but he gets things done the right way. Jim"

 

~ Shawn

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