Laundry Solutions - 4-Plex?

[Samuel DeMass]

Hello BP! 

Thanks in advance for the  the advice.

I've got a 4-plex.  Each unit is a 1bed/1bath.  They're great little units, but they don't have a laundry option, and there is no room for adding washer/dryer hookups.  I have space on the property and a large storage shed I'm eyeing to install an on site laundry option within.

What are my options in terms of adding on-site laundry to the list of amenities?

I'm considering coin laundry, coinless laundry, free laundry and anything in between that will up the bottom line and provide more value for the tenants.

What are your thoughts?

Cheers!

-Sam

[Colleen F.]

I have a similar apartment but it will be a while before I am convinced that on site laundry makes sense (as it is on well ). My thought was always to make the laundry a paying proposition, that is the only way I can get the cost of install recouped. More importantly though it is the only way I think the tenants will be responsible with using it.   What are the chances if you make it free that it will be used by people other then your tenants? How many separate loads will they do if the use is free and they aren't paying for water?  I just don't see people conserving if there is no consequence for failing to conserve.

I do like the idea of card machines over coin but that may be more expensive for the card reader.