Access to a swimming pool is one of the most common wishes of travelers who are seeking to relax and enjoy their vacations to the fullest. Because Arkansas is a state with an abundance of natural beauty, its Northwest region boasts some of the most sought after Airbnb rentals in the United States. Every year, tens of thousands of visitors flee to our corner of the Natural State to experience the wonders of the Ozarks. If you own a home with a pool, now is the time for you to take advantage of this demand. Renting your pool on Airbnb can be a lucrative side business if you do it right. An above-ground pool rental can make you anywhere from $100.00 and $200.00 every weekend. An in-ground pool can net you up to $500.00 each weekend. Now that people are accustomed to home sharing, consumers are comfortable with using pools that are not located in hotels or resorts. If you have a pool that is located in the perfect location, you might be able to capitalize on this desire by renting your pool on the weekends for good money. Guests love being able to rent a pool to host parties or relax by the pool. Before you start renting your pool at a competitive rate, you will want to have a rental agreement in place to ensure you and your guests are protected should anything go wrong. In a recent article, I discussed some of the most important clauses that you need to have in your sample airbnb rental agreement. These clauses include:
- Party Structure
- Additional Guests
- Subletting
- Tenant Obligations
- Entering the Property.
The best way to incorporate these clauses so they work seamlessly with your poolside rental is to hire an attorney to draft them for you. If you don’t know where to start, you can get the template from my legal article titled How to Draft an All-Inclusive AirBnB Rental Agreement: A Sample Template. Just as you would incorporate multiple rules into your rental agreement for your home and your interior space, you will also want to include rules for poolside. Some of the most common rules that you should have for your poolside rental agreements include:
- Pool Maintenance
- Pool Safety.
Just as you have rules for how your guests can interact with the interior spaces of your home, it is equally important to utilize rental agreements for your poolside space so you can protect the following: Your rental agreement is an important document that helps you streamline renting your poolside space. You can incorporate all of the rules so that it is clear that anyone who rents your poolside space must abide by the terms in the rental agreement. For example, you can use your rental agreement to ensure that anyone who rents your pool can interact with your poolside furniture and other amenities. On the other hand, if you have invested in high-end furniture or finishes, you can state in your rental agreement that your guests are only touching certain portions of your outdoor areas. Guests love using patios for outdoor dining. Renting out your pool, pool cabana, and any other poolside areas can net you thousands of dollars, especially during the warm summer months. Every year, visitors flock to the Ozarks to enjoy our pristine natural beauty. If you are going to rent out your pool, it is a good idea to install patio furniture, a dining area, a sports court, or a hot tub. You will be able to charge your guests more money if they have the ability to spend time on your patio or to utilize these amenities during their visit. If you do not want to put furniture on your patio, we have a whole line-up of stylish outdoor furniture that you can purchase. From tables and chairs to lounge chairs, benches, and club chairs, these poolside spaces will be kept in pristine condition, which will allow you to raise the price of your weekend rentals. Many people do not realize how much a well-designed outdoor space can impact the attractiveness of a rental listing and how much money their poolside amenities can generate for them on Airbnb. Just because Arkansas is a very warm climate does not mean that you should leave your pool unprotected. Your attorney can advise you on the best ways to protect your pool and your guests. Here are a few facts that you should consider when renting your pool and poolside space on Airbnb:
- Check Your Insurance
- Hire a Pool Maintenance Company
- Install a Fence or Pool Cover
- Explain Any Risks – for Example, by Including a Waiver of Liability in Your Rental Agreement
- Make Sure You Are Posting Any Required Signs On and Around Your New Pool
- Find Out if You Need a Local Permit or Approval to Rent Your Pool
- Consider Having Guests Sign a Guest Book.
Just because you have a rental agreement posted, does not mean that you should not consider other responsibilities and solutions to keeping your properties safe. Be sure to always go the extra mile in researching what you need to do to keep your guests safe.
For more information on rental agreements, you can visit WikiHow’s guide on creating rental agreements.