How to charge for laundry

[Edward Roe]

My wife and I recently purchased our first Multifamily. This property came with large laundry appliances in the basement for each unit. None of which have any sort of payment system attached. I don’t necessarily want to install coin op because I don’t want the hassle of having to go to the property to exchange the quarters etc. Does anybody here have any experience with automatic systems like Shinepay or anything similar that can be paid without the use of coins? 

Thank you! 

[Jeff Bridges]

Quote from @Edward Roe:

My wife and I recently purchased our first Multifamily. This property came with large laundry appliances in the basement for each unit. None of which have any sort of payment system attached. I don’t necessarily want to install coin op because I don’t want the hassle of having to go to the property to exchange the quarters etc. Does anybody here have any experience with automatic systems like Shinepay or anything similar that can be paid without the use of coins? 

Thank you! 

You'd have to check with customer service on compatibility with your particular units but payrange has great bluetooth-enabled apps for laundry payment systems. easy to DIY install with youtube videos. no monthly fees and low upfront hardware acquisition cost. Shinepay has monthly fees and is very expensive up front cost that is prohibitive for a couple of units. https://www.payrange.com/laundry/ Also worst case you can work with a local laundry vendor and have them lease you machines for free and split revenue 50/50 and they are responsible for all maintenance. These wont be a profit center by any means (break-even at best) but you'll at least minimize your utility costs and also outsource laundry maintenance to a dedicated vendor.

[Edward Roe]

Quote from @Jeff Bridges:

Quote from @Edward Roe:

My wife and I recently purchased our first Multifamily. This property came with large laundry appliances in the basement for each unit. None of which have any sort of payment system attached. I don’t necessarily want to install coin op because I don’t want the hassle of having to go to the property to exchange the quarters etc. Does anybody here have any experience with automatic systems like Shinepay or anything similar that can be paid without the use of coins? 

Thank you! 

You'd have to check with customer service on compatibility with your particular units but payrange has great bluetooth-enabled apps for laundry payment systems. easy to DIY install with youtube videos. no monthly fees and low upfront hardware acquisition cost. Shinepay has monthly fees and is very expensive up front cost that is prohibitive for a couple of units. https://www.payrange.com/laundry/ Also worst case you can work with a local laundry vendor and have them lease you machines for free and split revenue 50/50 and they are responsible for all maintenance. These wont be a profit center by any means (break-even at best) but you'll at least minimize your utility costs and also outsource laundry maintenance to a dedicated vendor.

Thank you for the info, I never thought about leasing the machines. So this is certainly something we can explore. I’ll also look at pay range too as this seems to be a better option than shine pay.