ATM business. Putting an ATM machine on a MF property?

[Bryce Y.]

Just thinking out loud here. I'm always looking for additional income streams. Anyone know anything about running an ATM business?. I read a bit about it online from various websites, but from what I’ve seen there is not a lot out there for this. Perhaps the market is saturated already…

Another thought I had was to put one on a multifamily property. I’ve never seen this done before so there probably is some zoning restrictions but the idea seems interesting…

Any thoughts?

[Brandon Shapiro]

Multifamily properties can be good locations for machines.  They need a central lobby / elevators and I would say 150 units or more to make it worth the capital expense of the machine and the money to fill (for us at least).  

I am in the ATM business, we have over a 150 machines that we either own/fill or process.  I am happy to discuss the business with you if you want more information.