Rental Property Investor · MI · Member since 2018 · 1 post · 0 votes
Numerous properties have been catchIng my eye lately that either have pools or waterfront.
I know the pros but I’ve been thinking of the cons as well. My main concern is lawsuits due to accidents because of this associated water source. Any advice or personal experience with rentals of this nature would be greatly appreciated.
Thank you to all in advance!!!
@Jamie Bass
I look at pools and waterfront as a hazard. Doesn't matter how much liability insurance you have it's just peace of my mind not having to worry about it.. I have heard instances where the pool was fenced up but kids still got in fooled around and drowned. Not the landlord's fault but imagine how stigmatized the property becomes.
Never emotional get attached to those properties.