Freaking pools. Removing the pool cuts the costs and the liability. #realestateinvesting #realestate

6 Aug 2023 · 0 min

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0:22

Short YouTube monologue by Steve D Valentine arguing that residential pools are long-term liabilities for real-estate investors. He claims lifetime maintenance costs (~30 years) are very high and that removing a pool (filling the hole) is a relatively small one-time expense that eliminates ongoing costs and tenant-related repair risk.

Questions this video answers

$110,000 over a 30-year lifetime.

$8,500.

The only person that makes any money on the pool is the pool guy, right? Plain and simple. Crazy fact for you cost $110,000 to maintain a pool over the 30 year lifetime. By the time it is replastered, it is maintained, it is repaired, and you deal with tenants that don't take care of it. So it's only $8,500 to make the hole go away. So if we buy a house, it's a great deal just because it has a pool, we wipe it out, we just send it packing because we know it's going to be a long term liability.