Pools on any property in general are not really preferred (I can only speak for the east coast). Alot of buyers don’t want them - and they cost alot to maintain properly (not to mention alot of work!)
Since this is a rental, you are right to be concerned about liability and upkeep. As far as the liability is concerned I’m not sure what to say … you’re definately somewhat exposed. Maybe talk to your attorney and see what can be done to minimize this for you.
Got a question about pools in rentals. Found a property yesterday 3/2, in great area. Nice home, good curb appeal at good price, probably 8k to 10k below appraisal. Owners are only asking 52,000k for it.
It has what looks to be a relatively new inground pool with it. My question is to all you landlords and L/O specialists, is this a good thing? My instincts tell me that there could be some liability issues not to mention the problem with finding a T/B that will properly maintain it. Anyone out there have any experience with this?
I need some fast opinions as with it being summertime in GA (HOT!!!) this deal won’t last long.
Re: Pools in rental properties - Posted by Scott Moore
Posted by Scott Moore on June 18, 1999 at 16:35:19:
The liabilities are endless, both health wise and maintenance. Even if you find a “good” tenant that will take care of it and maintain it, they wont be there for ever.
Deal come and go, I would pass on this one and go to the next…
Re: Pools in rental properties - Posted by Mark (SDCA)
Posted by Mark (SDCA) on June 18, 1999 at 10:23:40:
You are right. It is NOT a good thing. I own one property with a pool and unless I see a deal that is too good to pass up, it will be my last. There ARE liability issues. You are responsible for maintaining the pool. The city will not care that “the tenant was supposed to do it”. They will come to you. And believe me, pools are VERY temperamental. They don’t care for even a week or 2 and it’s a bad deal.
Here is the solution I came up with. I rent this house with pool service, water and electic included. (The pool guy needs the electric and water to do his job.) Then I raise the rent to cover it (as best I can- obviously the tenant now has zero incentive to conserve water or electric). That way I KNOW the pool gets serviced. I’m not wild about it, but it’s the best idea I came up with.