Keep your coin!

No tenant issues no noise between tenants, no tenants fighting, first floor tenants complain 2nd floor tenants walk around like bears, etc, etc, etc....I guess it sounds good in theory but the costs to aquire such a facility and keep it 100% occupied is the other side of the coin...I'd love to hear your take on it Jon.

I do quite a few of these and they are really a great way to make some coin now, residually, and in the future all on the same house.Here is an example.

@Shanequa J.I wish they made coin operated stacked units.

Seems most coin laundry machine companies claim the machines/contract go with the property, but I don't see how you can have a contract with a property.

I think there is some upside in the rents (especially 2 bedroom units), but I am not counting that in my numbers.Central laundry room with two sets of owned (not leased) coin op washers and dryers - estimating about $80 per month.Tenants pay their own electricity (electric radiant ceiling heat and in-unit electric hot water tanks).

In many places the market is recovering quite well and property values are on a steady rise which means that as time goes on, the asking price should go up.On the other side of the coin is the cost of holding which includes utilities, taxes, insurance and mortgage interest... all which eat into the profit margin.If you want a quicker time frame, then I would sit down and have a heart to heart with the contractor and see what you can work out.

The reason if the time is spent and nothing happens they want to cover expenses and make a little coin for their time.If it does happen the bigger payoff is on completion and performing with cash flow and or equity interest or both.Even if you find demand you need to determine if the location meets the interest of a NATIONAL company or a mom and pop??

Could boost rent if you installed up/down in the units or if you have an area to put in coin operated units.

I've heard both sides of the coin in regards to having vs not having it when doing subject-to's and other deals.I've been told by a few that having a license is a liability when it comes to sellers and a 'your a professional taking advantage of me' mindset.Any thoughts?