Are you willing to renting a house with a pool in Maryland, a state in the Mid-Atlantic region of the United States? If yes, then it is likely that you have added this amenity to your rental property with the purpose of earning more rental revenues.
I must say that swimming pools in rental houses are a great trait that many renters love. A pool is a desirable feature that can help you minimize the vacancy rate of the property and earn more rent money.
Renting out a house is always a challenging affair. You may face many challenges and problems in renting out a house. You will have to face problems in finding out good tenants. You may have several other concerns.
When it comes to renting a house with a pool, things can be more challenging and complicated. Not all tenants may prefer a rental house with a pool due to high rental fees. Hence, you will have to find out the right tenant from a limited group of tenants.
So, what is the catch? How will you be able to successfully rent a house with a pool in Maryland? Here are 8 things every landlord should consider before renting a house with a swimming pool in Maryland.
Top 8 Things to Consider When Renting a House in Maryland, the USA
1. Consider the types of potential occupants at your rental house
Landlords or investors in Maryland that have rental properties with swimming pools must consider the types of potential renters. There are certain people who prefer house rentals with swimming pools.
Millennials, Generation X, and couples could be the potential tenants for your rental house with a pool. Hence, having a pool at your rental house in Maryland could be a great feature that may attract tenants.
On the other hand, some people might not be interested in getting a rental home with a pool. Families with babies & small kids and older people may not be comfortable with a pool at a rental house. It is because they consider a pool as a red flag.
Several people also do not prefer to get a rental home with a pool due to the high rental fee. Hence, you will be addressing the offer to a limited group of potential renters. As a result, you may face challenges and difficulties in renting out your house if you have a pool.
2. Consider the risks of renting a house with a pool
You know the benefits of renting a house with a swimming pool in Maryland. Undeniably, there are several benefits of renting out a house with a pool. But it can be also a risky affair.
What if your tenant or their guest drowns in the pool? What if an unfortunate incident occurs just because of the swimming pool? Think well about it. Who will be accountable for this bad incident? The solely liable person for this will be the landlord.
So, you must consider the risks involved in renting out a house with a pool. You must be mindful of the following potential risks in a house for rent with a swimming pool.
A pool calls for proper and continual upkeep. Without it, swimming pools can pose several health hazards. Think about chlorinated water in the pool. Keep the chlorine level in the water at a reasonable amount. Over-chlorinated water is known for inciting asthma. Plus, it can cause lung, skin, and eye irritation.
On the other hand, too low levels of chlorine in the pool water can develop algae and other organisms. As a responsible landlord, you must test chlorine levels in the pool water regularly. You should also instruct your renters to do the same to avoid potential health hazards.
Accidents & injuries
You should ensure that there are no slippery surfaces around a pool in your rental house in Maryland. It is imperative because slippery surfaces around a swimming pool can cause accidents and injuries to your tenants or their guests.
To protect yourself or your tenant from any accidental injury around the pool, you may also add a “Caution” sign. But it will not necessarily make you free from your liability. So, think about it before renting out a house with a pool.
It is a big deal to handle. What if your tenant or a guest drowns in the pool? Senior citizens, children, and toddlers are at high risk of it. So, consider proper safety measures to avoid such unfortunate incidents.
3. Think about the pool safety measures
As a landlord, it is your responsibility to keep your property safe and habitable. You must follow pool safety measures thoroughly to ensure your tenant and their guests can enjoy a splash in the pool without any potential hazards.
As a responsible landlord, you must install some safety features in your rental house with a pool so that you keep yourself far away from a potential lawsuit in your conscience. Here is the list of pool safety measures that you may consider.
Install a fence or gate around the pool
One of the best ways to make your pool safe and secure is installing a fence or a self-closing gate that surrounds the pool. Make sure to install a fence around the pool with a height of at least 4 feet so that no one can climb or jump it.
Cover the pool properly and lock it up
Covering the pool at your rental property in Maryland is a great safety feature to protect children and pets. Consider a pool cover with latches or power safety.
Make sure the pool cover is out of the reach of children. In addition, include a clause in your lease agreement or applicable pool addendum to keep the pool properly covered when not in use.
Lock cleaning chemicals in a secure storage space
Keep and instruct your tenants to lock away all cleaning chemicals like chlorine in secure storage space. Make sure that the direct sunlight does not fall on that storage space.
Place anti-entrapment safety covers on drains
Think about accidents like injuries or death to children, adults, and pets caused by the powerful suction of the drains of the pools. Drains have powerful suction. You must be mindful of it.
To avoid unfortunate incidents caused by the powerful suction of the drains, you must place anti-entrapment safety covers on the drains.
Post signs for “how to use the pool”
It is one of the best things you can do for making your pool safe and enjoyable. You can post rules for using the pool around the pool. This will emphasize safety precautions. You can include the following rules:
- Use the pool at your own risk.
- Users must know how to swim.
- Children should use the pool under adult supervision
- Do not run around the pool. No rough play, either
- No animals in the pool
- No glass bottles in the pool
- Follow the swimming pool hygiene rules
- Wear a swim cap
- Always use a clean swimsuit
- The pool is not a toilet. Please use the bathroom
Keep life-safety equipment handy
Obviously, safety features installed around the pool will make it safe. But accidents still can happen. Hence, you must keep life-safety equipment handy.
First-aid kit, rescue tubes, rope, life-rings, and other protective & rescue equipment should be visible and easily accessible in case of an emergency.
4. Ensure the continual and high maintenance of a rental house with a pool
Renting a house with a pool requires continual and high maintenance of the pool. It is imperative to reduce the risks. As a responsible landlord, you will need to perform or arrange weekly maintenance of the pool. You should take extra steps to ensure that your pool is kept in a safe condition.
If you don’t maintain the pool at your rental house in Maryland then your pool can be risky and hazardous later. Please keep in mind that you will be liable for accidents and injuries related to the pool. Hence, you must conduct proper maintenance of your pool when you rent a house with a pool.
You can do weekly upkeep of the pool yourself or hire someone to do it for you. If your renter is accountable for maintaining the pool according to your lease agreement then you should ensure that they are maintaining the pool properly.
Bear in mind, you must not neglect the maintenance of the pool because it can be a very expensive affair to clean and repair a neglected pool.
To keep your pool well-maintained with crystal clear water, you need to ensure the following chores.
- Adjusting chemicals
- Cleaning the filters
- Chlorination of pool water
- Inspecting drains and other areas
5. Think about the additional insurance
When you rent a house with a pool in Maryland then consider the additional insurance. You should make sure that your regular insurance plan covers the pools or not.
Usually, a regular insurance plan does not cover the pools. Hence, the best thing you can do is giving your insurance agent pronto and speak to them to determine whether you have the appropriate insurance coverage for the pool or not. Your insurance service provider (agent) will advise you on this more precisely.
The appropriate insurance coverage will vary depending on various factors. It will vary depending on the location and insurance provider. You will have to bear a higher premium in case of an in-ground pool or above ground pool at your rental house in Maryland.
To ensure your insurance policy to be valid you need to have the proper safety features installed around the pool at your rental property.
6. Consider including a pool addendum in your lease
To protect yourself from any legal actions made by your tenant, consider including a pool addendum in your lease agreement. Before you rent a house with a pool in Maryland, draft a swimming pool addendum for your lease agreement.
The pool addendum should clearly show the rules of the pool. And make sure your tenants have read and signed the pool addendum.
Consider the following when drafting a pool addendum in your rental agreement.
- Who will be accountable for the maintenance and upkeep of the pool?
- Who will be accountable for damages, and who will pay for damages?
- What are the responsibilities for landlords and tenants as well?
Include the following addenda in a pol addendum in your rental agreement.
- Tenants will use the pool at their own risk.
- Tenants will be responsible for maintaining the pool according to the rules mentioned in the lease.
- The landlord must be notified if repairs are required to the pool, pool area, or safety equipment.
- Fence and gates must be kept secure at all times.
- Gates and fences should be locked up properly while the pool is not in use.
- Tenants must follow the rules regarding using the pool.
7. Consider renting an HOA community with a pool
If you are an investor and want to buy a house with a pool in Maryland for rental income then consider buying it in an HOA (homeowners’ association) neighborhood. If you will have a rental property with a pool in an HOA community then you can provide your renters with a pool amenity without having to pay to maintain or insure the pool.
But you will have to pay monthly fees to HOA. You need to calculate on your own whether your rental income will cover the HOA dues or not.
Think about one more thing. What if a drowning happens in the HOA pool? Who will be liable for that bad incident? In that case, all the homeowners in the HOA community are liable. All the homeowners will be liable to pay any financial obligations that exceed the HOA’s insurance coverage.
Also, keep in mind, you have the right to look at the HOA’s financial statement before buying a rental property with a pool in an HOA community of Maryland.
8. Consider advertising a rental house with a pool
Renting out a house with a pool in Maryland can be a very tricky and challenging task for you. You invest in buying a rental house with a pool so that you can earn more than having a property without a pool.
To reduce the vacancy rate at your rental house with a pool, you must consider the proper advertising and marketing of your property.
There are various modes of advertising that you can use. You can use social media platforms and internet marketing techniques to advertise your rental house with a pool.
One of the best things you can do to advertise your house with a pool is creating listings at popular rental portals like Trulia.com, Homes.com, Zillow.com, and Hotpads.com.
On the other hand, you can hire a professional property management companies Baltimore that can take care of your rental house with a pool in Maryland, advertise it, find goods tenants, and collects on-time rents for you.
The Bottom Line
As a landlord, you need to ask yourself the relevant questions before renting out a house with a pool in Maryland. Is it really profitable for you? Think about the location of your investment property with a pool. In which city or area of Maryland, your rental property with a pool is located will affect the rental’s income.
Can you maintain weekly upkeep of the pool at your rental house? Do you have the appropriate insurance that will cover the risk of a property with a pool? Do you have installed property safety features and protective gears around the pool to protect your tenant and yourself as a landlord?
I hope the aforementioned consideration will help you whether you should invest in a rental property with a pool in Maryland or not. If you are serious about following the aforementioned consideration then it is sure you will have fewer chances of any problems in renting out a house with a pool in Maryland.
If you are looking for a reliable property management company in Maryland that can advertise and manage your rental property with a pool then consider Pioneer Enterprise, LLC for the same. Pioneer Enterprise offers property management services in all the major counties and cities or Maryland at very genuine property management fees.