Investment Rental With a Pool

[Brandon Pearsons]

Hello,

I found a clean house with a pool. It should cash flow alright. It doesnt have a gate around the pool and a good part of the backyard is the pools, Is it bad to by an investment property with a pool? Are landlord insurance policies much higher? There are slim pickings up here in Nor Cal! The house looks pretty nice.

[Patrick L.]

Originally posted by @Bill S.:

Best solution for a property with a pool is a jack hammer (pokes holes in it so it doesn't float or hold water) and a couple of dump trucks of fill dirt.

That varies by market. Here a pool is a huge seller because you can use it 10 months year and there's such a huge percentage of homes with pools it's not a problem to find an insurance company to cover it. A pool isn't ideal for a rental but it sure would help with the resale in some markets.....now if you live somewhere that's cold 9 months a year that might be a different story.

I have one rental that has a pool that I bought early on in my investing career and when it's vacant I can get 10 applications in a day. I've always paid for a weekly pool service to make sure it stayed in decent shape so that's something else to budget for.