Coin operated washer/dryer

[Tyler Henkel]

Hey BP I’m upgrading the washer and dryer in my duplex and debating on whether or not I should install coin operated ones. I’m not sure if doing this I will lose leads on new tenants and increase vacancy. Wondering if any of y’all have any insight or experiences that would help my decision? I also pay for the water so the added income would help offset the bill, thanks in advance! 

[Kim Meredith Hampton]

I think it depends on your area and is that common or out of context?

Could you instead do ones that require a card or app to do laundry? much better and more tolerated than the old coin ones

[Tyler Henkel]

Thanks Kim, If I were to install them I would go with the card/app ones but thinking it over I feel as if I would be trying to squeeze to much from my tenants, just going to go with updated an updated washer and dryer and not charge them.

[Theresa Harris]

How much would you actually make over what you are doing now?  What about charging another $25 a month in rent?

[Tyler Henkel]

I haven’t went live with the property yet, just doing some TLC and addressing Items that need to be replaced/ upgraded