Looking for a way to monetize your swimming pool and turn it into a source of passive income? Renting out your pool can be a great way to earn extra cash, especially during the hot summer months when people are eager to cool off.
However, before diving into this venture, it’s important to take the necessary steps to ensure the safety of your guests and the legal protection of your property. In this blog post, we’ll provide a guide on the essential steps you need to take in order to start renting out your swimming pool as a side hustle.
How much money can you make?
The amount of money you can make from renting out your swimming pool in the USA varies depending on various factors such as location, pool size, amenities, and demand. On average, pool owners in the USA charge between $50 to $100 per hour for pool rentals. Some owners also offer packages for half-day or full-day rentals, which can range from $200 to $500 per day. Additionally, some pool owners also charge for additional amenities such as pool toys, outdoor grills, and seating areas.
The average is around $5,000 to $10,000 per month on average.
Renting out your pool on your own
If you’re considering renting out your swimming pool to others, there are several things you should do to ensure you’re operating legally and safely:
Check local laws
Make sure you’re allowed to rent out your pool in your local area. Some cities or counties may have specific regulations or restrictions on swimming pool rentals.
Obtain insurance
Contact your insurance company to ensure that you have the appropriate coverage for renting out your swimming pool. This may include liability insurance, in case someone is injured while using your pool.
Establish rules
Create a set of rules and guidelines for renters to follow when using your pool. This should include safety precautions, such as no diving, no running on the pool deck, and no glass containers.
Screen renters
Before allowing anyone to rent your pool, it’s important to screen them to ensure they are responsible and will follow your rules. You may want to require renters to provide identification and sign a waiver.
Set a price
Decide on a fair price for renting your pool. Consider factors such as the size of your pool, the amenities you offer, and the demand in your area.
Maintain your pool
Keep your pool clean and well-maintained to ensure a safe and enjoyable experience for renters.
Communicate clearly
Communicate clearly with renters about what they can and cannot do while using your pool. This can include providing a list of rules and guidelines, as well as being available to answer any questions or concerns.
Remember, safety should be your top priority when renting out your swimming pool. By taking the necessary precautions and following local laws and regulations, you can provide a fun and safe experience for renters while protecting yourself from liability.
Rent out your pool through a specialised website
There are several websites that allow you to rent out your pool to others. Some of the most popular ones include:
Swimply: Swimply is a website that allows you to list your pool for rent by the hour or day. You can set your own price and availability, and renters can book your pool through the website.
Peerspace: Peerspace is a website that allows you to rent out your pool, as well as other spaces, such as event spaces and photo studios. Renters can search for and book spaces through the website.
Airbnb: Airbnb is a popular vacation rental website that also allows you to list your pool for rent. Renters can search for and book your pool as part of their vacation rental.
VRBO: VRBO is another vacation rental website that allows you to list your pool for rent. Renters can search for and book your pool as part of their vacation rental.
Before listing your pool on any of these websites, make sure to carefully review the terms and conditions, as well as any fees or commissions charged by the website. It’s also a good idea to thoroughly screen renters and establish rules and guidelines to ensure a safe and enjoyable experience for everyone involved.
Do I need to provide a restroom?
While providing a restroom is optional, many hosts who rent out their swimming pool choose to include one as it can enable them to charge higher fees and accept longer reservations. Some hosts may even have a restroom located outside the main living space, which is a convenient feature. Alternatively, hosts may provide instructions for guests to use a side or back door to access a restroom in the home while minimizing intrusion into their private space.
Added Extras
If you’re renting out your swimming pool, there are several added extras you could provide to make the experience even more enjoyable for your renters. Here are some ideas:
Pool toys and games
Providing pool toys and games, such as floaties, noodles, water guns, and pool volleyball, can add to the fun factor and make the experience more enjoyable for kids and adults alike.
Outdoor furniture
Adding outdoor furniture, such as loungers, chairs, and tables, can provide a comfortable space for renters to relax and enjoy their time by the pool.
Refreshments
Offering refreshments, such as bottled water, soft drinks, and snacks, can provide convenience and add to the overall experience. You could also offer a small selection of alcoholic beverages, but make sure to check local laws and regulations.
Changing room
If your pool doesn’t already have a changing room or bathroom nearby, consider setting up a small pop-up tent or changing room for renters to change into and out of their swimsuits.
Sound system
Adding a sound system or portable speaker can provide renters with a fun atmosphere and allow them to play their favorite music while they swim.
Poolside lighting
Adding poolside lighting, such as string lights or lanterns, can create a cozy and inviting atmosphere for evening pool parties.
Remember to include any added extras you provide in your rental price or list them as optional extras with an additional fee. Providing extra amenities can enhance the overall experience for your renters and help you stand out from other pool rentals in your area.
Essential Steps
Before renting out your pool make sure you have checked through these steps
Check local laws and regulations
Before starting any business, it’s important to check your local laws and regulations to ensure you’re operating legally. Check with your city or county to see if there are any regulations or restrictions on renting out swimming pools.
Obtain insurance
Contact your insurance provider to ensure you have the necessary coverage for renting out your pool. This may include liability insurance, in case someone is injured while using your pool.
Set up a booking system
Determine how you’ll manage your pool rentals. You could use a booking platform, such as Swimply or Airbnb, or create your own booking system using a website builder like Wix or Squarespace. Google Sheets and Excel if you are a spreadsheet fan. Or paper diary – paper never crashes!
Establish rules and guidelines
Create a set of rules and guidelines for renters to follow when using your pool. This should include safety precautions, such as no diving, no running on the pool deck, and no glass containers.
Screen renters
Before allowing anyone to rent your pool, it’s important to screen them to ensure they are responsible and will follow your rules. You may want to require renters to provide identification and sign a waiver.
Set your price
Determine how much you’ll charge for pool rentals. Consider factors such as the size of your pool, the amenities you offer, and the demand in your area.
Promote your pool
Once you’re ready to start renting out your pool, promote it through social media, word of mouth, and advertising platforms such as Google Ads or Facebook Ads.
Remember, safety should be your top priority when renting out your swimming pool. By taking the necessary precautions and following local laws and regulations, you can provide a fun and safe experience for renters while generating extra income from your pool.
Conclusion
In conclusion, renting out your swimming pool can be a great way to monetize your property and turn it into a source of passive income. By taking the necessary steps to ensure safety, setting up a booking system, and promoting your pool, you can start generating income from your pool with little effort on your part. With the demand for outdoor experiences increasing, now is a great time to consider renting out your pool as a side hustle. Whether you’re looking to earn extra income, pay off debt, or save for a vacation, renting out your swimming pool can be a profitable and enjoyable way to achieve your financial goals.