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Updated almost 3 years ago on . Most recent reply

Simeon Hinchman's profile image
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Simeon Hinchman
  • Member since Dec 8, 2021
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Simeon Hinchman
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Multi-Family and Apartment Investing

Coin laundry. Equipment lease for apartment laundry room?

Simeon Hinchman
Posted

Hey BP community, 

I am currently finishing renovation on an 18 unit apartment complex in TN. The apartments do not have in unit laundry, but we have added a tenant laundry room to setup 3 coined washer/dryer combo units. 
My question: What appliance companies  offer to lease equipment for a share of profits? Would you consider this agreement, or purchase 8-10k worth of equipment and own/operate them in house? 

Thanks! 

Chattanooga, Tennessee
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