Property with a Pool

[Javier Arbelaez]

Looking at purchasing a duplex that has a shared pool in the backyard. Trying to see what added expenses to be prepared for outside of normal management costs. Thanks!

[Thomas S.]

You should never purchase a property with a pool for a rental. Liability issues are far too high. If you have a pool remove it if it is above ground, fill it in if it is a in ground pool.

You never want the risk of a tenant drowning or a irresponsible tenant allowing a neighbour to drown. Maintenance and up keep will never be performed by tenants adding additional work for landlords. Insurance companies may refuse to insure or will charge high rates where rentals have pools.

Never invest in a rental with a pool.