Hi Everyone, I recently closed on a triplex, and we are in the process of converting a shed in the back of the property to a laundry room. The property came with a used washer and dryer (regular consumer quality) that are roughly 5 years old. 2 of the units share a meter and one is separately metered. We've decided to include utilities on 2/3 units and hook up the laundry to the shared meter. We would like to use coin laundry as a way to help offset the included utilities. I've looked into a few options: • Use the current washer/dryer combo and eat the utility costs until they die. • Use the current washer/dryer combo and hook up a "Smart Coin Box" or something like it (https://www.mqtekindustrialsupplies.com/SMARTCOINB...) I can't find any real reviews/experiences from these which worries me. • Go through a leasing company. Through my research this seems to be a bad idea because of poor customer service, etc. • Buy a new commercial washer dryer combo. In this case, what brand/model are people using? Thanks in advance! Dan Gallegos

Speed Queen washers and dryers. Extremely well built.

I have a fourplex with a leased coin op laundry machines in it. I pay $41 a month and get about $20 in quarters back so the next fourplex I picked up I went to home depot and bought a scratched and dented set spent $700 and I now let my tenants use it free. instead of losing $20 a month and having to go over there to empty it. If it were an 8 plex or above I would go back to the leased route where they maintain the machines and everything because I would break even or come out a little above. Just my thoughts I hope this helps. Best Regards

Updated over 8 years ago on 06/06/2017. Most recent reply

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Dan GallegosPoster

Investor
Livermore, CA

General Landlording & Rental Properties

Coin Laundry Brands?

Dan GallegosPoster

Investor
Livermore, CA

Posted June 01, 2017 09:21

Hi Everyone,

I recently closed on a triplex, and we are in the process of converting a shed in the back of the property to a laundry room. The property came with a used washer and dryer (regular consumer quality) that are roughly 5 years old. 2 of the units share a meter and one is separately metered. We've decided to include utilities on 2/3 units and hook up the laundry to the shared meter. We would like to use coin laundry as a way to help offset the included utilities.

I've looked into a few options:

Use the current washer/dryer combo and eat the utility costs until they die.
Use the current washer/dryer combo and hook up a "Smart Coin Box" or something like it (https://www.mqtekindustrialsupplies.com/SMARTCOINB...) I can't find any real reviews/experiences from these which worries me.
Go through a leasing company. Through my research this seems to be a bad idea because of poor customer service, etc.
Buy a new commercial washer dryer combo. In this case, what brand/model are people using?

Coin Laundry Brands?

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