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Updated almost 7 years ago on . Most recent reply

User Stats

92
Posts
103
Votes
Kyle R.
  • Real Estate Investor
  • Charlotte, NC
103
Votes |
92
Posts

Number of washers/dryers at 80 unit

Kyle R.
  • Real Estate Investor
  • Charlotte, NC
Posted

I acquired an 80 unit complex early last year that featured a coin operated laundry room. There's a total of ten machines, five washers and five dryers. One washer and dryer recently went out and is beyond repair. I was planning on replacing each, however, the laundry room generates only $100 each week. Based on the run price of $1.50 per cycle, the washer and dryer is run about 33 times each every week, or around 5 times a day. As a result, I'm leaning towards not replacing and just having 4 washers and 4 dryers. Thoughts? I feel like there should be more machines present, however, collections are low.

Most Popular Reply

User Stats

155
Posts
76
Votes
Brian Karlow
  • Rental Property Investor
  • Algonquin, IL (Chicago suburbs)
76
Votes |
155
Posts
Brian Karlow
  • Rental Property Investor
  • Algonquin, IL (Chicago suburbs)
Replied

Kyle

I just recently purchased a Whirlpool set for my 8 unit property and have been very happy with the set so far.  My brand decision ultimately came down to the relationship I have developed with my appliance vendor and the lines they offered.  Keep in mind the value of developing this relationship now for future needs and possible repairs.

Good luck!

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