Rental property with a pool

[Matthew Fragassi]

I found what seems to a great deal for a potential rental property here in my home town. The only thing is that the house as an in-ground pool in the yard. If anyone could give me some advice on the advantages and disadvantages of having a rental property with a pool, I would greatly appreciate it! Warmest regards, Matthew Fragassi

[Dave Pate]

Maintenance and liability are bigger problems than you think. My dad bought a rental house with a pool because it looked like a good deal. We found out later that a child had drowned in the pool a couple of years earlier. The tenant did absolutely nothing to take care of the pool. I had to make several visits concerning pool leaks and maintenance. It also took a long time to sell the house too. If the deal still looked good after factoring in the cost of filling in the pool, go for it.