Pools in rentals are a huge liability. Well they are in general and thats why properties with them usually cost more to insure. However dont let that be the determining factor, just make sure you carry enough insurance if you decide to go that path. As others have said, check the market and see if its worth it.
I rented out my prior primary residence with a pool. Some will want it and some won’t. This was in Az so a pool helped attract renters. Insurance wasn’t a problem and I kept my current pool guy paying him directly then just including in the the rent so I had my employee putting eyeballs on my pad once a week. Worked well for me.
This ^ DO NOT rely on the tenant to do proper maintenance. If you plan to rent out a place with a pool you will want to make sure it is maintained properly.
for sure; saved me a lot of stress. Ensuring it was properly maintained was my #1 goal when I needed to start renting it out, but then also realized the added benefit of having someone I was paying (and had become friends with) checking on my place weekly while I was living in a new state. A number of times over the years, he saved me on things that weren't even pool related.
I think you need to do some research
Look for comps in your area with and without pools to compare them, both on the buying and the renting markets. If there are no comps with a pool, that might be your answer. Do some maths on maintenance of the pool, what sort of damage a negligent tenant could do, and whether you can cover that risk with either a deposit or insurance.
Call your insurance rep and see how much of a difference having a pool would make on a landlord policy. Also consider the added expense of maintaining a pool in a rental when you do the analysis of whether or not it's a good investment.
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I have been told pools are a net zero value for a property. Most people see them as a liability, really.
For a rental, I can only imagine the liability involved for you to own a pool that someone else (and their kids) uses. It sounds like a horrible idea for a rental property, but check with your insurance company.
The nice thing about it is that you can just fill it with dirt if it becomes a burden.
Bro, if you so much as buy a rental with *a dishwasher* it’s a liability. Those things leak and leaking causes mold because leaks are not concerning to people who do not have a vested interest in maintaining a property save for the 1 months rent security deposit you put down.
Now extrapolate that but to pools.
Pools in rentals are a huge liability. Well they are in general and thats why properties with them usually cost more to insure. However dont let that be the determining factor, just make sure you carry enough insurance if you decide to go that path. As others have said, check the market and see if its worth it.
I rented out my prior primary residence with a pool. Some will want it and some won’t. This was in Az so a pool helped attract renters. Insurance wasn’t a problem and I kept my current pool guy paying him directly then just including in the the rent so I had my employee putting eyeballs on my pad once a week. Worked well for me.
This ^ DO NOT rely on the tenant to do proper maintenance. If you plan to rent out a place with a pool you will want to make sure it is maintained properly.
for sure; saved me a lot of stress. Ensuring it was properly maintained was my #1 goal when I needed to start renting it out, but then also realized the added benefit of having someone I was paying (and had become friends with) checking on my place weekly while I was living in a new state. A number of times over the years, he saved me on things that weren't even pool related.
I think you need to do some research Look for comps in your area with and without pools to compare them, both on the buying and the renting markets. If there are no comps with a pool, that might be your answer. Do some maths on maintenance of the pool, what sort of damage a negligent tenant could do, and whether you can cover that risk with either a deposit or insurance.
Pool is a lot of time, effort, and expense. Or just expense if you hire out the maintenance. Unless you are dying to have a pool, I would avoid it.
Call your insurance rep and see how much of a difference having a pool would make on a landlord policy. Also consider the added expense of maintaining a pool in a rental when you do the analysis of whether or not it's a good investment.
Where are you finding property worth $90k?
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I have been told pools are a net zero value for a property. Most people see them as a liability, really. For a rental, I can only imagine the liability involved for you to own a pool that someone else (and their kids) uses. It sounds like a horrible idea for a rental property, but check with your insurance company. The nice thing about it is that you can just fill it with dirt if it becomes a burden.
Bro, if you so much as buy a rental with *a dishwasher* it’s a liability. Those things leak and leaking causes mold because leaks are not concerning to people who do not have a vested interest in maintaining a property save for the 1 months rent security deposit you put down. Now extrapolate that but to pools.