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Updated over 5 years ago on . Most recent reply
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How much should I charge my tenants for a dryer and a washer?
How much should I charge my tenants for a washer and dryer?
Most Popular Reply
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I have a different take on this...in your market, what is the rent on similar properties that provide a washer and dryer? That's the answer. When a tenant asks for something to be added to the unit, we (my clients and I as investors) always answer with what that increase would be in terms of rent. And, if it doesn't make sense in the market to add whatever they have requested, we simply tell them no.
I also recommend requiring the tenants to have renter's insurance with the landlord as additionally insured whenever a washer/dryer is provided. Should the tenant overload the machines, the damage could be to the machines themselves and/or the property (flooding, fire). Simply not cleaning out the dryer vent properly is a fire hazard.
In my market, washer/dryers are expected amenities. And, you want to quote it as rent so that they don't advise you later that they have stopped using the machines and, as such, will stop paying the add-on for them.