Award-winning property manager Cleo joins us to unravel the complexities of rental properties with pools, particularly as we brace for what could be one of the hottest summers on record. Cleo brings her expertise to the table, sharing how the allure of a pool can significantly boost a property's appeal, especially among families. But the dream of poolside bliss comes with its own set of challenges—legislative hurdles, maintenance wrangles, safety regulations, and insurance headaches can quickly turn this luxury into a liability. Cleo's insights shine a light on how landlords and tenants can navigate these waters, balancing enjoyment with practicality.
As we explore these aquatic assets, we touch on the evolving dynamics of pool maintenance agreements, where landlords typically cover service costs while tenants manage chemical expenses—a setup that has become more contentious amid current financial pressures. Cleo recounts how the once-simple handshake agreements have morphed into more complex arrangements, driven by tenants' reluctance to bear costs during non-use periods like winter. Whether you're a landlord contemplating adding a pool to your property portfolio or a tenant dreaming of a summer oasis, this episode offers valuable perspectives on maximizing the benefits and minimizing the headaches of pool management in rentals.