Pool question for house rental

[Joanna Mendoza]

Hi, we live in Arizona and we intend to rent out our house. Based from your experience, is it better to keep the pool or retire it? We want to keep the costs down and that includes the pool maintenance of $150/month. We found a company Coverdeck that covers/retires pools properly although we don't know the costs yet. Than you!

[Cassidy Klundt]

Hey Joanna - I think the recommendation from Mike on making sure you have proper coverage is very sound advice. I think it depends on your rental strategy. I have a mid-term in Las Vegas, and it does exceptionally well. 2-3k profit each month. I rent for 30 days to 90 days at a time. It has a pool, and for properties similiar that don't have pools it brings down the monthly by as much as 2k/month in revenue. So it's a sizeable difference. I would venture to say it has everything to do with the draw of renting a house, in the heat, and not having a pool to cool-off. 

All really comes down to your rental strategy. If it's an LTR I could see where the rent difference might not be worth it, but then again insurance isn't that expensive either by comparison to rental revenue.