Tenant wants a pool and is willing to pay for it.
I have a tenant who asked me if she could install an above ground pool in the backyard. The backyard is kinda crappy, so it wouldn't physically hurt anything. I'm obviously concerned about the liability and the increase in insurance premiums.
I spoke with my insurance guy, and he told me our liability insurance alone will increase by around $850 per year. I haven't checked into the property insurance yet.
The tenant told me she is willing to carry renters insurance that covers the pool and add my company as a beneficiary, as well as pay $100 or so more per month in rent to cover my insurance costs.
I'm still leaning towards no, just because of the liability and complications. But it may be worth it if she becomes a long term tenant. She has only lived there since April of this year. However, she has been a great tenant so far. I'd love to hear some outside perspectives on this.