Akron / Cleveland Where do I find Coin operated Washer Dryer

[Ronda R.]

Cleveland / Akron landlords. I am hoping someone could point me in the direction of where to get a coin operated washer and dryer. I read in another post here that Speed Queen is a reliable brand. What do you use and where do you get them? My properties are in Akron but any place close might work. I also read that a used set is the way to go. Thank you for your help.

[Oren K.]

Ronda,

There are a couple of web sites that are like BP but focused on the laundromat business;

www.coinlaundry.org

www.thelaundryforum.com

You can check on there regarding discussion regarding quality / value / etc. and also look up distributors of the various brands. Even if it is not for a retail laundromat but for a multifamily building, the information is the same but operated on a smaller scale (e.g. 2 or 3  vs 20 washer / dryer sets).

One of the things you will find is that virtually all laundromats / building operators either have or are moving away from coin to some kind of card (e.g. Credit Card or Value Add card). Both approaches have their pros and cons; CC needs communications and you give up a percentage, Value Add requires a 'reverse ATM' on site which also needs to be serviced periodically.

Also, many building owners (not idea what percentage) prefer leasing the machines. There are different arrangements in terms of income split or just leasing a fee but generally speaking the leasing company takes care of all maintenance and repairs (this is what I do). The owners view (and mine) is that this is a building amenity and are happy to 'break even' on the costs while leaving the headaches to someone else.

The big player is Coin-matic but they don't have the best reputation. There are other more regional / local players that should also be considered. I use a local company out of the Bedford Heights area for the past 2 years and have been happy with their service. If you want an introduction to them, PM me. The also sell new / used equipment.

Oren