More and more landlords these days find that there is benefit in offering commercial coin operated laundry equipment onsite. Is that true of you? Are you thinking of adding such equipment to your rental property? If so, there are some definite advantages you will enjoy.
The biggest advantage is that having on-site laundry is a big convenience for your tenants. In fact, you can advertise it as a key feature when you market the property. Laundry facilities are among the most popular features that renters look for. Generally speaking, then, when you add commercial laundromat supplies you are making a good, long-term investment for your property.
Of course, there are many options out there. So instead of just buying the first Electrolux commercial washer you see, give careful consideration to the factors involved. Here are 4 tips that can help you to make a sound investment in coin operated washer and dryer equipment.
4 Tips for Investing in Commercial Coin Operated Laundry Equipment
1. Choose your brand carefully
There are many brands on the market. Maytag and LG washers and dryers are popular. Electrolux gas dryers are also in demand, to name just a few. Do not rush into the first option you see. Spend the necessary time to evaluate washing machine brands available, taking into account such factors as its length of time in business, general reputation, and so forth.
Is this brand known for quality craftsmanship? Does it use durable parts? What is the company’s track record when it comes to customer service and repairs? Online reviews from other customers can be an especially helpful source of real-world information about brands that you are considering.
2. Examine the cost
This can be a bit deceiving, as there is more to cost than sticker price. When calculating the cost of a commercial washer and dryer system, remember that day-to-day energy consumption as well as long-term maintenance and repairs can constitute as much or more of the overall cost as does the initial purchase price. So look beyond just the initial purchase price.
Some brands and models are more energy efficient than others. Some require costlier replacement parts when they break down. If possible, compare the operating costs of various options before making your final selection. Also, keep in mind that commercial laundromat supplies may cost more than regular supplies, so this is something that you will want to factor in as well.
3. Measure the physical space available in your rental property
This may seem to go without saying, but an important consideration is whether or not the machines you purchase will actually fit in the space available for them. Be sure to take proper measurements before you finalize your selection. This way you will avoid a potentially costly mistake.
4. Ask around for the advice of others
Often times, a good source of information on reliable commercial laundry equipment is word of mouth from fellow landlords. These type of reviews can truly be invaluable, as you are hearing them straight from those who have first hand experience with such equipment and who have little to gain from giving your misleading information.
By following these 4 tips, you can make sure that your investment in commercial coin operated laundry equipment is a sound one—an investment that will payoff for years to come.