Posted by Tom Brown on January 18, 1999 at 15:47:48:
In a word–YES
House with a pool? - Posted by JA(AL)
Posted by JA(AL) on January 18, 1999 at 15:22:17:
Would a pool put more liability on me as a landlord?
Re: House with a pool? - Posted by Tim Conde
Posted by Tim Conde on January 22, 1999 at 01:07:26:
On a personal level, I’d rather avoid it. I own about 40 houses with pools, most of those in Orlando, Florida. Since I am competing directly with major hotels for the tourist dollar, I have to have a pool. But the rents that I get for those are substantially higher than any other house I own, too. I figure that the pool adds perhaps $3000 a year to my maintenance bill per house. That’s contract maintenance (absolutely necessary) and an allowance for repairs.
Apart from the insurance costs, and the higher liability worries, I’d also be concerned that not every potential renter even wants a pool. Non-swimmers and people with small kids are not going to want to rent that house from you.
Tim