Should I rent a duplex that has a pool or just sell it?

Question

Want to move but also want to invest in property, wondering if it’s a good or bad idea to keep current location as a rental which is a duplex with a pool for 1st floor use. Don’t really know liabilities of renting with a pool vs selling outright in NYS. Any suggestions?

Tanvir Sattar · Answer

@Song LaRue is this currently your primary residence? I want to warn you tenants will not treat the property the same way you did. A pool definitely makes for a good rental, but you need to be comfortable letting go of the sentimental value. I'd run comps in the area and way out pros/cons of sellings vs. renting.

Lien Vuong · Answer

I would not purchase a property with a pool as not only is the liability insurance significantly higher but also that the maintenance cost would be tremendous also. That's a firm no for me.

Kathy Pomeroy · Answer

There are many pros and cons about a pool.  In my opinion it is a HUGE liability.  Plus the cost of upkeep.  You would need to hire a pool service, you can't trust a tenant to do it.

Dan Weber · Answer

I would ask your insurance company about some of the liabilities of having a pool at your rental. In regards to the keeping vs selling, there is not enough info here for anyone to accurately weigh in. Do you have money to invest if you don't sell the house? Are the returns on the duplex minimal and could you get a better ROI elsewhere? These are some questions you can ask yourself when trying to make the decision.

Should I rent a duplex that has a pool or just sell it?

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