Pools and Rental Properties

avatarthumbnail.jpgPools always have been question marks when it comes to rental properties.

Having a pool might increase the rent you can realize slightly and also can make a rental property more attractive, at least in a normal May (like early last week) when temperatures were in the 100s. But the argument against always has been a pool can increase a property owner’s liability.

Here’s an additional argument in favor, courtesy of one of the property management companies with which I work.

Purchasing a property with a pool usually means you’ll be hiring a monthly pool service to maintain it. And that pool maintenance person, while not stepping foot inside the house, often can alert either the property manager or the owner to obvious changes either to the property or to the living arrangement.

The example given was if the tenants say they don’t have pets and the pool service comes over to find two Great Danes in the backyard, that might be something the owner and the management company would want to know.

Rental properties always are a gamble to some degree if only because there’s no absolute way of knowing who your knew tenants may be. Credit reports, employment verification, rental payment history and even possible criminal checks only tell you so much.

Having a good property manager absolutely helps.

[tags]Phoenix real estate[/tags]

Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.

2 Comments

  • Tyler, The Wealth Creation Guy 10 years ago

    Jonathan,

    You make a great point with this post. I’ve never considered having the maintenance company being an ‘insider’. That can be valuable stuff!

    I personally would be scared to death to have a pool on an investment property just because of the liability concerns. Plus, I live in Iowa.. so our weather isn’t necessarily the sexiest.

    Keep up the great work!

    Tyler

  • Tim Perkins phoenix pool service 8 years ago

    An addition to the liability is the fact that if you do not require renter to hire a maintenance company to service the pool the more likely it is the pool will fall into disrepair and cost you more down the road

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