Coin Operated Laundry for Duplex??

[Lokesh W.]

Hello,

I will be closing on a duplex purchase next month. Everything looks good so far. I am making a list of things to do after closing.

There are 2 washers and 1 dryer that will come with the purchase. I wanted to convert these machines into coin operated. Very likely, I will have students living as tenants in this building. Is it a good idea to do this or not? I am concerned that coin operated machines break more often and can be frustrating for the tenants.

Any suggestions are greatly appreciated.

Thanks

[David Krulac]

Seth Williams

I have another take on appliances.

1. I am not in the appliance business. I don't want to repair appliances nor replace appliances.

2. In low to moderate priced places, I do not provide washer and dryers. I do provide washer and dryer hook ups and the tenants pay their own electric, gas and waster in all SFH and their own electric and gas in all apt..

3. Most of the low to moderate SFH also do not come with refrigerators.

4. I do provide more appliances in condos and high priced rentals.

5. I believe that if a tenant brings all their own heavy appliances like refrigerators, washers, and dryers, that they are less likely to move, because they are heavy and a pain to move.

6. Did I mention that I'm not in the appliance repair and replacement business?