Blog Post

Does having a pool help the value of my rental property?

Dustin Edwards • Mar 20, 2020

Understanding if a House Rental or Condo Rental with a Pool Truly Helps

House Rental with Pool
Having a pool or spa at your house is a nice item to have. When most people think of a pool or spa at their property it conjures up images of Summer gatherings, BBQs and enjoying the water. For those owning single family homes in Long Beach, CA you might think of neighborhoods such as Los Altos or the Cliff May neighborhood where pools are more common. For those who own condos it could be a stunning rooftop pool or the ever practical pool in the middle of the complex. Regardless of whether the pool is in your condo development or part of your HOA’s amenities it begs the question, is this good for the value of my rental?

Single Family Homes in Long Beach with Pools

When you have a single family home for rent with a swimming pool it can be an added amenity for many renters. For example when you own a home in the Cliff May neighborhood (just north of El Dorado park) that architecture is typified by indoor/outdoor living and those who would like to rent there would nearly expect a pool and be willing to pay a monthly rental amount that would accommodate pool maintenance.

Of course not all renters would view a single family home with a pool as an added amenity. With typical lot sizes throughout Long Beach ranging in size from 5,000-6,000+ (yes there are smaller beach lots and larger lots too) a pool takes up most of a backyard and not all renters view that as a positive.

Having a pool a pool as part of your single family home rental in Long Beach really means taking the time to understand when the maintenance of the pool is included in the monthly rental fee is your home still competitive to attract renters. If the answer is yes then you will generally be in good shape to attract great tenants.

Long Beach Condo Developments with Pools

If you have a Long Beach condo for rent and the complex has a pool then this is a different scenario compared to a single family home. For many of the luxury condo buildings in Downtown Long Beach (think West Ocean Towers, the Pacific, etc.) renters are very happy to rent in these buildings because they do have a pool! In fact a pool may be one of the main reasons they focus their energies in neighborhoods such as Downtown Long Beach.

One of the unique aspects about condos is that the HOA prices in care for the pool. The fact that pool maintenance is priced in to the HOA and that, for the larger developments, there are generally other condos that have been rented means understanding the monthly rental amount for your condo is more straightforward because as we analyze the comparable rents within the building we know that they all include the amenity of a pool. 

When it comes to knowing if a pool will help the value of your rental the answer truly is going to be “it depends”. Each neighborhood and property will be different and it takes a bit of analysis and understanding of the local rental trends to determine how it will impact the monthly rent that is collected. When you want to understand how the pool at your property (whether it be a single family home, condo, or multi-unit) impacts the rent we invite you to fill out our Free Rental Analysis or call us today (562) 888-0247 and we will be happy to share more.

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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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