Landlord Considerations For Renting A House With A Pool
Landlord Considerations For Renting A House With A Pool
blog1.jpg

Jul 07,2024

Landlord Considerations For Renting A House With A Pool

Do you have a property with a pool that you want to rent out? If so, leasing out a home with a pool is an attractive proposition for potential tenants. However, it comes with unique challenges and responsibilities, requiring the expertise of a professional property management company. At 3 Options Realty, we understand the benefits and drawbacks of a pool in the real estate industry, helping you make the most of this hardscaping feature. Here are five critical things landlords should consider before renting a home with a swimming pool.

Managing Pool-Related Liability

The main cause for concern among landlords and property managers when renting out a property with a pool is liability. Swimming pools are attractive for renters, but they can be a significant risk, especially if children live or frequent the premises. Property owners must ensure that the pool area is safe and complies with local safety regulations. This may include installing proper fencing, safety covers, and alarms. In addition, regular maintenance and inspections prevent accidents and reduce liability.

Understanding Insurance Complications

Another crucial consideration for landlords with home pools is insurance. Coverage for a property with a massive water feature, like a swimming pool, can be more complex and costly than one without. Landlords and property managers should review their current policy to ensure it covers pool-related incidents and consider purchasing additional liability coverage if necessary. Also, not all insurance companies offer pool coverage, so you may need to inquire from several providers for a suitable policy. This additional layer of protection can protect you against significant financial losses during an accident.

Navigating Local Fence Laws

Many areas have specific laws and regulations concerning pool enclosures and fencing. These laws prevent accidents like drowning, especially involving children. If you are unfamiliar with these laws, onboard a property management company to ensure compliance and mitigate costly fines. This usually means installing a fence up to a certain recommended height around the pool. Also, consider self-latching gates that are out of reach for small children.

Drafting a Complete Rental Addendum

A comprehensive rental addendum specific to the pool is essential. This document should outline the tenants' responsibilities regarding pool maintenance, safety, and usage. Some of the vital points include who is responsible for regular pool cleaning, chemical balancing, and covering the pool when not in use. By clearly defining these responsibilities and expectations in writing, you can prevent legal action and ensure the pool remains a safe and enjoyable amenity for tenants.

Hire a Professional Property Management

Lastly, managing a rental property with a pool can be time-consuming and complicated. With that in mind, hiring a professional property management company can help you maximize your return on investment while minimizing the hassle. Professionals can handle regular pool maintenance, ensure compliance with safety regulations, and manage tenant relations effectively. This approach can lead to better-maintained properties, happier tenants, and higher rental income.

While renting out a home with a pool can attract high-quality tenants and increase rental income, it requires careful planning and management. With these considerations in mind, you can enjoy the benefits of offering a desirable amenity while protecting your investment. Contact us at 3 Options Realty and Schedule a consultation with our experts to navigate the real estate industry successfully and prevent potential pitfalls.

Recent Blogs

small1
Jul 18,2024
Rent Collection Strategies for Landlords

Real estate is among the most profitable sectors, especially…

Read More
small1
Jul 10,2024
Understanding Owner Statements and Reporting

Effective management is vital for rental property owners, as…

Read More
small1
Jul 07,2024
Landlord Considerations For Renting A House…

Do you have a property with a pool that…

Read More

Landlord Options

small1
Owner Portal

In appreciation for your continued patronage, we are pleased to offer you a management fee rebate equal to 2 months of management fees for any…

Read More
small1
Leasing & Management

If you are interested in professional property management services, you probably have some questions about the process and we have a few questions we…

Read More
small1
Rent Disbursement

Standard Rental Proceeds Disbursement Policy. It is the standard policy of 3 Options Realty to disburse monthly rental proceeds to property owners between the 15th…

Read More

We Are Ready to
Take Your Call

lander1

If you have been rummaging through web results for “property management companies near me,” then you are at the right place. 3 Options Realty’s property managers in Atlanta are experienced and trained to deliver top-tier service. Call 3 Options Realty to speak with a friendly representative today to learn more about our property management & real estate services. We are ready to take your call.

Buy, Sell & Rent with 3 Options Realty

lander1

We use professional market research to determine fair-market rent, and we use broad market advertising to reach a large audience. Our agents will also help you prepare your property and skillfully present your property. Prospective tenants will undergo comprehensive interviews and background screening before we negotiate with them the rental agreement using our proprietary, attorney-reviewed forms.