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Updated over 8 years ago,

User Stats

108
Posts
24
Votes
Adam Beckstetdt
  • Investor
  • Fort Wayne, IN
24
Votes |
108
Posts

Rental with pool with commercial possibilities

Adam Beckstetdt
  • Investor
  • Fort Wayne, IN
Posted

I am buying a property that currently sits on 3 acres and has a house with an additional separate garage and also a pool. This property attaches to another property of roughly 3 acres and I plan to work a deal with the other owner to develop this commercially. The plans will take a bit and my section will probably be phase 2 of development so I plan to rent this property until we actually need it.

I have concerns about renting a house with a pool and I would steer clear of houses with pools typically for a rental. This house is an accept ion so I am asking for advice. How should I handle it. I struggle with having the pool accessible to the tenants however I don't want to spend money to fill or remove the pool until I know definite development plans.

Your experience on renting with pools would be much appreciated. If the pool will be accessible I do plan to require renters insurance and believe I can be added to the policy as a beneficiary.

Thanks for your time.

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