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Updated 10 months ago on . Most recent reply

User Stats

88
Posts
55
Votes
Sam R.
  • Investor
  • Bothell, WA
55
Votes |
88
Posts

Converting coin laundry to card laundry

Sam R.
  • Investor
  • Bothell, WA
Posted

I have a small multifamily with a coin washer and coin operated dryer. I would like to convert them to card machines. Does such a conversion exist? Would it be brand specific?

Most Popular Reply

User Stats

88
Posts
55
Votes
Sam R.
  • Investor
  • Bothell, WA
55
Votes |
88
Posts
Sam R.
  • Investor
  • Bothell, WA
Replied

@Peter Mosites, I bought Speed Queen washer/dryers with a card system called Spyderwash. Tenants can use credit cards or their phone to pay. A complete setup for each location including washer, dryer, card readers, bluetooth hub, and installation was $5500. Monthly per location I pay $20 for internet and $10 for the card service. My locations are a 10-unit building and a 7-unit building. I do make profit. Unless your triplex has bigger units with families, it would not be worth it for a financial investment. Maybe just consider it just for a tenant amenity and relieving you the hassle of quarters.

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