Laundry Machine Payment Method

[Daniel G.]

BP Community,

I am getting proposals for laundry service at a 56 unit property that I am soon to close on. The current machines are coin operated and are more than a decade old. I am being asked if I would like to get new machines that process payments with a card rather than with coins. My only concern is the impact of this change given the demographics of the property. The property is a class C building located in Ennis TX, built in 1974, with an average rent of approximately $700. 

With this in mind would you recommend that I stick to coin operated machines? Or should I change to the more modern card payment method which mitigates the risk of dealing with hard cash.

I would appreciate your feedback,

Daniel