I am buying single family properties for rentals… I’ve passed on several properties because they have pools (I have one and know the hassle),does anyone have any single family rentals with pools? Should I consider it?
I can do without the hassles of a pool. Too much liability and risk for the homeowner.
Huge liability. Talk with your insurance agent about it.
I always feel I’ve gotten lucky if I get a tenant who will vacuum the carpet a couple times per month. I can’t imagine tenants taking care of a swimming pool.
Good luck finding an insurance company that will agree with a pool at a rental house! Huge, huge no-no for almost all insurance companies.
Thanks for everyones input,the insurance wasn’t the problem, its as tatertot said, getting them to vacuum the carpet is hard enough,and I know how big a hassle a pool can be
I’m going to rehab the house and try to flip it,however we aren’t going to do anything with the pool except clean it out,if we finish the rehab and there is no interest from a buyer (which is probable what will happen), we will cave in the pool and use it as a rental.
I know from growing up when we had a pool it was a pain in the but to deal with because I always had to clean it as part of my chores, but couldnt you just consider the costs to have a company maintain it for you once a month and build part of this, or the entire cost into the rent?
Seems like it would cost a bit of money to cave in a pool anyways, and then seems like you are also losing a little bit of equity in the house when you do go to re-sell?
P.
We wouldn’t have a pool at a cheap rental, but we have one at our personal residence. If we have to rent the house when we leave, we’re planning on boosting the rent up high enough to include the pool service. I’d rather know it’s being kept up than to have people let it go and cause a lot of damage.
Rentals with pools = BAD
Rentals without pools = GOOD
Rentals with pools = GET SAME RENT AS WITHOUT A POOL
Rentals without pools = GET SAME RENT AS WITH A POOL
(okay just having some fun…)
Don’t fill in the pool. That’s worse than having a pool, and even worse than not having a pool.
Unless you plan on completely demo-ing and removing the concrete, bringing is a much as 20 yards of fill dirt (maybe not that much…), and hiring every Mexican from Canada to the Texas border to fill, compact, and fill some more (my cost/labor guesstimate), it’s hardly worth the effort.
I’ve seen people put decks over them, after punching the bottoms out, but they sound creepy when you walk on them at night. You can hear the Devil laughing from the deep pit of Hell! It’s like walking on the devils’ lair! j/k
:evil
Hey, maybe you can do it on the cheap… But why, at all…is my question?
Seller finance the house for top dollars BECAUSE it has a pool
Pools homes are easier to sell, but don’t bring in higher prices.
Frankly i LOVE pool homes in my business, because it does make the home easier to buy and sell which is all I do.
I think its relative of where you are investing. Here in WI? Bulldoze it and fill with straw and seed. Many other areas in the US may be desirable for pools.
I think the consensus would be to not deal with them as the others have mentioned. To many liabilities,
Nate-WI