At some point, every landlord must decide whether to have a community laundry room, no laundry service at all, or individual washers and dryers in their rental units. There are high initial risks, but you may also receive greater rewards. It’s a difficult decision that comes with many advantages and disadvantages.
Advantage: Washers and dryers in rental units are more attractive
Most potential tenants will be more interested in a rental apartment or house if it comes with a washer/dryer inside the unit. It saves money for tenants compared to communal laundry rooms, and people value the convenience of having those appliances ready when they need them instead of being available only during certain hours.
Disadvantage: They are much more work for landlords
If your apartments do not have plumbing or ventilation installation, you will need to install it yourself or have your property manager do it. Regular maintenance and repairs are mandatory, so you will need to go to each unit and do it yourself. On the other hand, there is less wear and tear with a machine inside the unit than with one used by the entire complex.
Advantage: Your properties remain competitive
If most of the other rental properties in your area have washers/dryers inside the unit, you should install them to maintain competitiveness. This is the best way to get decent rentals and attract high-quality tenants. Without necessary improvements, you will end up with less reliable tenants and less income.
Disadvantage: Washers and dryers in rental units are costly
This is true regardless of the choice you make, but the facilities inside the unit can be more expensive because you may need more than in a communal setting. If you’re paying for utilities, all that use can add up to quite high costs. Additionally, you will need to handle the maintenance and repairs mentioned above without tenants contributing to the costs with their coins.
Advantage: You can charge higher rent amounts
Potential tenants have been shown to pay more in rent according to research conducted by real estate websites. On average, they will pay up to 20% more than before if you install a washer/dryer inside the unit. If you charge $1,200 per month, that means an extra $240 each month and $2,880 annually. If you already include utilities, tenants who switch to your properties could save money despite these higher rents.
Disadvantage: Possible conflicts between tenants and landlords
Many landlords choose to delegate certain minor forms of maintenance or repairs to their tenants. Some of these may include washer and dryer maintenance, which can lead to intense conflicts over whether the responsibility is theirs or the tenants’. It’s much better to avoid this problem altogether by assuming total responsibility for all possible issues.
Introducing Premium Delivery Laundry
As a property owner, you face the tough decision of whether to invest in a communal laundry room or install individual washers and dryers in each unit. While the latter may seem like the more attractive option for tenants, it comes with a host of headaches for you as the owner, including installation and maintenance costs, repairs, and potential conflicts with tenants over responsibilities.
But what if there was a better way? With Premium Delivery Laundry, you can offer your tenants the luxury of having their laundry done without any of the headaches. Our team of professionals handles everything from pickup to delivery, using only the highest quality detergents and fabric softeners to ensure that your tenants’ clothes come back looking and smelling their best.
By partnering with us, you can eliminate the need for communal laundry rooms or individual machines, making your properties more attractive to potential tenants while also saving yourself the hassle and expense of installation and maintenance. And with our competitive pricing, you can even charge higher rent to cover the cost of our service, without worrying about any additional costs or conflicts with tenants.
Make the smart choice for your properties and your tenants – choose Premium Delivery Laundry and give your tenants the luxury they deserve, without any of the headaches.