Blog Post

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

Dustin Edwards • March 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 December 19, 2024
If you're properties are suffering from lack of heating this winter, these 3 common issues could be the cause.
By Dustin Edwards December 12, 2024
Although Southern California’s winters are typically mild when compared to other parts of the country, tenants still value a warm home during the cooler months. Taking steps to maintain a comfortable living environment shows your tenants that their needs are being prioritized. This is crucial for tenant satisfaction, especially during the holidays. Below are three methods to help keep tenants warm during the winter season. Maintain Heating System It's required for landlords to provide rentals with a working heating system, however, it's not uncommon for these to fall into disrepair either because of lack of maintenance or negligence. Scheduling regular inspections and maintenance before the coldest weather can help to ensure the heating is reliable and efficient. Cleaning air filters, and checking for cold spots, or irregular noises can help prevent small issues from escalating into expensive repairs. Preventative maintenance can help to reduce the chances of inconvenient calls for emergency repairs. Being proactive with your maintenance can also help you protect your investment while earning goodwill from your tenant. Another factor that can affect your heating system is drafts around windows and doors. These drafts can cause your heating system to overwork which makes the system less efficient, and reliable and ultimately reduces the lifespan of your heating system. You can address this by inspecting the seals around doors and windows for gaps or cold spots. Replace worn-out seals and caulking where it's needed. Offer Smart Thermostats Consider providing your tenants with a smart thermostat for energy-efficient heating. This can not only give tenants control over their comfort, but it's also a great tool to reduce energy usage. By providing this upgrade to your tenant, you show a commitment to your tenant’s satisfaction which can in turn result in a long-term tenant. These kinds of devices definitely benefit your tenants, though they can also contribute to the longevity of your rental property as well. Additionally, you can give your tenant a smart thermostat as a holiday gift . This can show your tenant that you’re not simply collecting rent while protecting your investment. Reverse Ceiling Fans The direction in which a ceiling fan rotates is oftentimes overlooked, and it can have a great effect on the temperature of a home. A ceiling fan is typically seen as a way to cool down a home during the hotter seasons without using the air conditioning . Reversing the spin of a ceiling fan can help to circulate warm air more efficiently during the cold season . This is because warm air rises, and a fan rotating clockwise will push the warm air back down helping maintain warm temperatures. Most fans have a switch on the motor and it is easily accessible for most people with a step ladder. This easy adjustment helps reduce the need for your tenant to use the heating system. Tenants will notice a more consistent and comfortable temperature indoors. This should also help reduce costs on their energy bill. Reversing the rotation of the ceiling fans also takes some of the strain off of the heating system. This helps to ensure it operates efficiently for years by reducing the wear and tear on it. Taking proactive steps this winter season to ensure your tenant’s comfort demonstrates a landlord’s commitment to their tenant’s comfort. A comfortable tenant is a satisfied tenant , which can lead to a long-term tenant and steady rental income. Consider it a small investment for long-term success. If you need help keeping your rental warm or managing Beach City rental property, we invite you to call us today at (562) 888-0247 or complete our Owner Application online .
By Dustin Edwards December 5, 2024
Discover 3 Gift Ideas for your tenants this holiday season.
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