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Updated almost 7 years ago, 12/28/2017
Adding coin (or some pay to use) laundry at small multis
I know this question has been asked before. I'm convinced it's worth it. Here are my questions.
When adding coin laundry to small multis (I'm really talking 4-plexes), how is:
- Rentability impacted? I know I wouldn't want to live some place where I had to drive to do laundry. Honestly I don't want to live anywhere that doesn't have laundry in the unit, but I've never lived in a multi unit.
- Does anyone believe this justifies raising rents? I'm not trying to squeeze blood out of a turnip, I'm thinking $10-$15 a month a unit.
- I have heard of companies that install their units and maintain them. The utilities are up to the owner, and once a month they receive a check for part of the funds. Does anyone have such a company they recommend, especially in the Kansas City area? I've heard they exist but can't seem to find them online. Perhaps I'm not doing the proper word search.