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Updated about 8 years ago on . Most recent reply

User Stats

127
Posts
57
Votes
James Lusk
  • Rental Property Investor
  • Lake Forest Park, WA
57
Votes |
127
Posts

Coin op laundry questions

James Lusk
  • Rental Property Investor
  • Lake Forest Park, WA
Posted
I just purchased a 12 unit in Lakewood, WA that has coin op laundry. I have a couple questions about coin op. First is what rates are people charging for coin op laundry in the Tacoma/Lakewood areas? The previous landlord had the washers and dryers set at $1 each. From what I have found around the country, this seems pretty low. It seems $1.50-$2 each is more standard. Secondly, there is evidence of tampering with the coin storage lock. The laundry room also has a locked door but the door gets left open and is open to the outdoors where anyone can get in. Has anyone had issues with theft on coin op laundry and how were you able to mitigate them? I've toyed with the idea of going to free laundry and bumping rent up higher to compensate but I am worried that the door will still get left open and anyone can wander in to do laundry. Any input is greatly appreciated, thanks!

Most Popular Reply

User Stats

21
Posts
10
Votes
Vlad Kolbas
  • Investor
  • Lincoln, NE
10
Votes |
21
Posts
Vlad Kolbas
  • Investor
  • Lincoln, NE
Replied

I would suggest installing a commercial door closer and a storeroom function lock (always requires a key to enter but you can exit without a key). Hopefully that will ensure your door is always locked unless, of course, someone props it open on purpose.

  • Vlad Kolbas
  • Loading replies...