ive recently acquired a country rental property which has an above ground swimming pool. no kids fully locked up according to regulations. what would you do remove or leave. liability? insurance in case of drownings etc?
thx
Is it in your depreciation schedule? If it is it might be financially advantageous to write it off!
Hi fjficm,
How are you???? Long time no hear/read!!!! [biggrin]
Seriously, I’d do a bit of research into rental properties with pools. I think many people feel apprehensive about buying investment properties which have pools in them because of the possible dangers (ie. drownings).
However if you have adequate public liability cover, it is fenced according to regulations, and all measure have been taken to ensure people’s safety; I can’t see what the harm is!!! But as I said, some people MAY choose a property WITHOUT a pool over one WITH simply because of fear.
Personally, I would remove it, just to avoid the unnecessary headaches; but that’s just me. I bought an IP years back which had a 6 person outdoor spa, I took it out, and had it re-installed into my own backyard, under the pergola as part of the outdoor entertainment area, and it has become a real centre/show piece; everyone comments on it!!!! Maybe you could use the pool yourself, or alternatively sell it off and make a few extra dollars that you can put back into the IP!!!
Nonetheless, Qwerty also made a very good point, maybe you could write it off in your depreciation schedule.
Cheers,
Jo
best suggestion is to remove it and put it in my backyard – Id love a pool[biggrin]
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