Three years ago I bought a property with a coin op washer and dryer. I closed on the property during the winter and the Sellers closed by mail. Their daughter was managing the property while they were away for the win...
A few thoughts. How much should I expect to pay for a coin-op laundry machine (washer &/or dryer)? Is it okay to go with a used one?
What kind of revenue can I expect per machine? I realize this will depend o...
How would you connect a washer to the 3/8 compression line ? the washer needs to be installed in the apartment – the only source of water is 3/8 compressin under the sinkI believe washer line is ¾” http://www.homedep...
I purchased a 5-unit apartment building in Milwaukee, WI this week. I already put a property management company in place. Any suggestions for the new building owner (i.e. me)?
I want to put a coin/operat...
I have a very old rental house. It's had loads of problems, but the newest one has me looking for help. My tenant recently got a new washing machine. Now whenever she uses the washing machine or shower the toilet drai...
Hi BP! I have been looking for a solution for laundry in my 4 unit and I found this Shine pay bluetooth hardware/phone app that will let tenants scan a qr code to pay for wash or dry cycles in regular residential mach...
How does it make money? Cost of machine, repairs, water, gas, electricty is a lot. It increases property value? It sure helps the tenants. But bet it wonot help a lot for the rent increase.
Hello,
I bought a multi-unit property in August 2012. The ex-owner of the property signed a 5 year leasing contract with Coinmach for washer & dryer which I'm not aware. The contract will end in 2015. I don't wa...
Greetings Gentle Readers!Typically when a property owner or manager needs a laundry proposal they contact a laundry company and ask for a “proposal” without giving the operator, specific, if any guidelines in which th...
I’ve been working a deal to acquire an office building with 3 tenants for the past month. I signed a purchase agreement today. I drove by the property tonight and noticed a brand new vending machine installed on the s...