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Updated over 2 years ago on . Most recent reply

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36
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Stephen Bruce
  • Investor
  • Greenville, SC
16
Votes |
36
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Washer/dryer in a rental

Stephen Bruce
  • Investor
  • Greenville, SC
Posted

For my LTR, I am in-between providing a washer and dryer for my tenants and charging an extra $ amount/ month for the use of the equipment and not including them at all (I would sell the washer and dryer on FB marketplace). 

Any recommendations? Have you as a landlord leased a washer and dryer to a tenant? How much did you charge per month? 

Thanks in advance for help! 

Most Popular Reply

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626
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Joe Martella
  • Rental Property Investor
  • Cherry Hill, NJ
495
Votes |
626
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Joe Martella
  • Rental Property Investor
  • Cherry Hill, NJ
Replied

@Stephen Bruce, I have 4 SFH that I provide the washer/dryer for each. You can get them cheap from a scratch/dent place if you are worried about the cost of replacement. Washer/dryers should last a while, you should get at least 10 years out of them, if not more. I replaced a washer last year. Scratch/dent was $450. $450 for 10 years works out to $45 a year. Not too concerning.

It isn't a matter of charging the tenant separately for the tenant.  It is a matter of you property being more appealing.  Additional amenities means that you can charge more for the property.  I don't itemize on the lease that there is extra money for washer and dryer.  I don't itemize the cost for a pet either.  Reason is you can't charge for a service animal.  I list my property at my price, label it as pet friendly and call it a day.  If the tenant sneaks a pet into the house without telling me, the joke is on them.  They want a service animal to get around a pet fee,  the rent is the same.  The only think I may miss out on is a $300 security deposit.

I do have some tenants that didn't like the basic washer/dryer that I provided and have purchased their own washer/dryer.  The storage of my washer/dryer is on them.  I don't move them in and out.  

I am sure that other people have different models on how they handle it, but this is the way I do it.

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