Managing Your Property
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated 7 months ago on . Most recent reply

Lease or buy a commercial washer/dryer? Pros and cons?
I own and live in a triplex with 6-7 residents. My plumber just installed laundry plumbing and a gas line in our utility room. There will only be one stackable washer/dryer for all residents. So if something breaks, I'll need it fixed right away. On this basis, do you recommend leasing or buying?
Leasing a Maytag laundry center from Wash.com would cost me $100/mo, but reviewers say they can take weeks to come out for repairs.
A local place called Mission Laundry Equipment can lease me a Speed Queen laundry center for $110/mo, or sell it to me for $4,299 (actually $5,450 with all taxes and fees for delivery, installation, and setting up the credit card system). They have almost no reviews.
With 6-7 residents, how often should I expect to need repairs? And do you recommend leasing or buying?