Managing a rent property with a pool?

Discussion in 'Property Management' started by PropertyInsight, 13th Oct, 2017.

Join Australia's most dynamic and respected property investment community
  1. PropertyInsight

    PropertyInsight Well-Known Member

    Joined:
    22nd Jun, 2017
    Posts:
    332
    Location:
    Australia
    Hi

    I used to rent out a property with a pool to a family. In the rent contract, the tenants are responsible for maintaining the pool, including debris removal, chemical, cleaning, water. There were no problems. The pool was maintained well.

    This time, now I am renting out to different tenants and PM suggested that I have a pool monthly maintained by a professional pool man, costing $60/month. According to PM, I should not trust the tenants' maintenance. The pool maintenance may be neglected by the tenants. This means a reduction of my cash flow by $720 pa.

    What do you think of the PM's suggestion?
     
  2. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,006
    Location:
    Brisbane
    For $720 per annum, I'd go with the pool company. If they let the pool go green, you could pay half that in chemicals for a one-off "fix".

    Next lease renewal, increase the rent by $10 a week to help offset it. If I was a tenant, I'd be happy to pay $10 a week not to have to manage the pool myself.
     
    Colin Rice, Savy mum, kierank and 3 others like this.
  3. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    3,979
    Location:
    Canberra, Brisbane and Sunshine Coast
    Go with the pool company for sure.

    You don’t want to stuff around with pool maintenance issues.

    Is there a Jim’s pool franchise in town? If so - they are usually reasonably priced.

    Cheers

    Jamie
     
    Pumpkin and PropertyInsight like this.
  4. Pumpkin

    Pumpkin Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    1,342
    Location:
    Brisbane
    I agree with your PM: you take responsibility of the pool, and have it done tegularly and professionally. Build some of this this into the rent and wear some yourself. The money you spent will offset any grief you might have later. Tenants always promise they'll look after pools and gardens. But until you have built some track record with them, you can't say you're confident.
     
  5. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Melbourne, Australia
    I would go with you PM.

    Not quite the same but the house in Coopers Plains that you know is quite large we found a mower man that would maintain the yard for $80 per cut - so we just had a $20 p/w lawn care package which the tenant took up.

    This gave us control and the tenant liked the idea of $20 and not have to worry about the lawns.
     
    PropertyInsight, wylie and kierank like this.
  6. Chivaun.Shortis

    Chivaun.Shortis Well-Known Member

    Joined:
    14th Sep, 2017
    Posts:
    193
    Location:
    Logan and Gold Coast Region
    I recommend having professional go and care for it monthly as they will also pick up minor issues like replacement of O-ring etc before they become major issues like replacing pump or filter etc.

    The new tenants may have never had a pool before and not 100% sure on how to care for a pool. All tenants like the idea of a pool but majority of them do not how to care for it.
     
    PropertyInsight likes this.
  7. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,189
    Location:
    Adelaide and Gold Coast
    In my experience, its probably easier (though comes at a cost) to pay for a regular maintenance person to upkeep the pool.

    We do have a couple of properties where the tenants maintain them themselves. In these cases, recommend doing a ph test as part of the ingoing condition report and ensure this is the same reading you get back after the tenancy. And, writing up detailed instructions on the maintenance/upkeep as an addendum to the lease.
     
  8. Shady

    Shady Well-Known Member

    Joined:
    20th Aug, 2015
    Posts:
    523
    Location:
    Sydney
    I have one in Brisbane with a pool and have it maintained by Swimart. $68 per visit, every 2-3 weeks in Summer and 8-10 weeks in winter. Tenants pay for chemicals. worth every cent imo
     
    Tom Rivera likes this.
  9. MyPropertyPro

    MyPropertyPro REBAA Buyer's Agents Sutherland Shire & Surrounds Business Member

    Joined:
    1st Jul, 2015
    Posts:
    1,893
    Location:
    Australia
    We would also recommend the professional services. There are many instances of tenants letting a pool go green that could end up costing you more in rectification and tribunal costs.

    From an investor's POV, I personally don't buy properties with a pool. It rarely adds much (if any) extra value, detracts from your yield and presents a greater liability issue.
     
  10. bunkai

    bunkai Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    859
    Location:
    Sydney
    I have been here as well and it depends on the tenant.

    I have included the 60/month service as a "check safe" but the tenants are still responsible for the pool maintenance and chemicals. They need more than once a month maintenance. It often ended up more than 60 with extra chemicals etc.

    More responsible tenant - I just provided the a visit from the pool guys to teach them what to do.
     
  11. Colin Rice

    Colin Rice Mortgage Broker Business Member

    Joined:
    9th Jul, 2015
    Posts:
    3,184
    Location:
    Perth
    This is the best use of a pool in a rental property :p

    download.jpg
     
    Tom Rivera and MyPropertyPro like this.