Blog Post

Does Having a Pool Increase Your Rental Income?

Dustin Edwards • Apr 13, 2023

Whether it's to have fun with the kids or just to dip your toes on a hot day, having the option of a pool can help your tenants be happy during the heat. Long Beach has terrific weather most of the year, and with summer quickly approaching, a pool is a must-have commodity. 


Below are a few ways
a pool can be an asset and potentially increase your rental income.


Wonderful Amenity

Whether a communal pool in an apartment building or a backyard pool in a single-family home, it cannot be denied that a pool is an amenity for your tenants. Like many other amenities, it's not a requirement to find good tenants. However, a pool is unique as many tenants understand that there is an additional cost for the comfort and luxury of a pool. Having a pool allows you to significantly increase the amount charged for rent compared to homes without one. This does depend on how common pools are in the neighborhood. Though in Long Beach, they are generally sought after. 


If you plan on building a brand-new pool, it's best to wait for your current tenants to move out, as there are many laws pertaining to how and when you can increase rent. Adding a pool during a vacancy period allows you to market your Long Beach rental property to more people willing to pay a higher rent.


Attracts High-Quality Tenants

Pools can provide a fun environment for families to spend quality time together. They usually attract tenants willing to pay extra for the commodity. Many times a pool can be used for exercising or relaxing as well. This typically attracts tenants who understand there will be a pool premium and are comfortable paying a little extra.


 It's well understood that happy tenants are long-term tenants, and a pool can make that difference. Having a pool nearby can be great for your tenant’s physical and mental health. Happy tenants often treat your property better and rarely have issues paying the rent. Many times good tenants will have a positive relationship with their landlords. This can have an added bonus. Whenever it's time for them to move out, they may be able to either recommend another good tenant, or you’ll be able to ask for their testimonial when looking to fill their vacancy.


The Costs can be Offset

While you’ll likely have to pay for either a property with a pool upfront or to have one built, many of the costs can and should be reflected in the rent. This includes the pool itself, subsequent maintenance, and any additional insurance premiums associated with renting with a pool. This means that, in the long run, your tenants will end up paying for the pool. All the while, the value of your property goes up because pools are desirable in Long Beach.


For single-family homes with pools, you can have an addendum in the lease that requires the tenants to take care of the maintenance of the pool. This can help lower the overall rent to attract more tenants, though inspecting the pool regularly is recommended to ensure the tenants are doing their part.


Although a pool can increase your rental income, you must practice proper safety measures. This includes multiple prominently displayed signs with the rules for safe pool use. This can help prevent accidents, injuries and reduce your liability. Many people avoid renting homes with pools due to the perceived liability and costs, which couldn't be further from the truth. If you’re looking for a property management company to help you manage your Long Beach rental with pools or need more information about how pools can be an asset, we invite you to call us today at (562) 888-0247, or you can fill out our
Owner Application online.

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By Dustin Edwards 01 May, 2024
Everyone wants to feel safe in their homes. As an investment property owner, it's up to you to decide whether or not to include security measures in your property. Many of the costs associated with the security measures can be included in the rent, meaning not only can you keep your property safe, but you can earn more income in the long run. However, you would still want your tenants to have renters insurance to protect their assets. Today, we’ll discuss the top five security measures you can add to your property and why they're beneficial to you and your tenant. Security Cameras Cameras are probably one of the first security measures people think about when asked about security. Cameras provide more benefits than just surveillance. They provide an extra level of security for the safety of the tenants and their belongings. Additionally, security cameras can be useful when repairs are required. Cameras can aid in supervising repairs and maintenance to ensure you’re receiving the agreed-upon work. During vacancies when the property is empty, security cameras can help keep the property safe from potential intruders. Doorbell cameras are incredibly popular now. They provide the aforementioned safety of a camera that can be accessed remotely, as well as the ability to communicate with visitors. Although one must be careful never to say you're not home, just say you're unavailable to strangers. Security Lights Security lights with motion detectors are another effective tool when adding security measures to your property. These lights brightly if a potential intruder attempts to get near your home. They can provide enough illumination to see the intruder or, at the very least, scare them off. Nowadays, you can find a combination of security cameras and motion-activated security lights, such as the floodlight cam wired plus from Ring . Additionally, because these lights only turn on when motion is detected, they’re more cost-effective than traditional lights with a switch. Illuminate the Property Light generally deters intruders as it's more difficult to hide. Adding lighting to the landscaping can increase the security of the property while creating a relaxing atmosphere. Lights can also be used in other areas of the property to accent features such as trees, benches, or artwork. This can help your property stand out while giving your tenants an additional feeling of safety. Keyless Entry Keyless entry is seen as both a convenience feature and a security feature. They usually use an electronic passcode, biometric data, or grant access through a smartphone app. Physical keys can be lost, stolen, or duplicated. You reduce the risk of unauthorized entry by eliminating the need for a physical key to enter the property. Many keyless entry systems include several features, such as remote locking and monitoring. Although keyless entry is a great new technology for keeping your tenants and properties safe, they’re best used with other security systems. Security Company Nothing beats having an extra pair of eyes on your property for security. This is where security companies like ADT and SimpliSafe come in. While companies may deal with security in varying ways, they aim to protect your investment. While safety is the primary role of a security company, remember that many tenants may be willing to pay more for a premium amenity like a home security company. Keeping your property and tenants safe is incredibly important to the longevity of an investment property. If you’re looking to improve the security of your Long Beach rental property or need help managing your beach city rental property, we invite you to call us today at (562) 888-0247 or fill out our Owner Application online .
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