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Updated over 1 year ago on . Most recent reply

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Cali Skier
  • Oklahoma City, OK
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Experienced landlord asking: Would you rent a 1 acre house with a swimming pool?

Cali Skier
  • Oklahoma City, OK
Posted

Hi,

I am considering renting out my personal rental property in Oklahoma.  Its 3 bed, 2 bath, one acre with a swimming pool.  Would you do this?

My concerns:  Worried the pool could be a liablity if someone drons.  I am also worried about the renters taking proper care of it.  The other thing is the land, keeping it cut.  I am concerned the renters will not take care of a lawn that large

I have other rental properties, but I have never rented a house with a swimming pool.  

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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

It’s a non-issue. Though I did have to switch umbrella insurance companies as USLI implemented a $1million max for anyone with any pools at any of their rentals. 

You simply include pool and lawn maintenance in the rent. There is zero chance the tenant will take care of it 365 days a week and you’ll find out too late. 

While I’ve never dealt with landscaping because I’m in Vegas, pools haven’t been an issue. 

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