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Updated almost 5 years ago,
Laundry Options: Coin-Op or Laundry Fee
Hello! I plan to provide a washer and dryer in the basement of my first rental property, a duplex. I am trying to figure out my options. Should I do a coin-operated washer and dryer or charge a laundry fee to cover water cost to operate? Only one unit will be rented, house hacked, and the water cost for a HE washer is minimal. I'm considering charging a $20-25 monthly laundry fee (similar to a pet fee), has anyone ever done this and are there any restrictions? I am also considering coin-op, but the machines are so expensive, and kind of an inconvenience.
There is a laundromat a few blocks away, but I already (most likely newbie mistake) listed it as "laundry will be available building" and I have tenants lined up. Looking for some advice.