Make Your Apartment Complex More Appealing To Tenants By Adding A Laundry Facility To The Property

One of the biggest mistakes I made when I started my first business was overlooking the importance of financial management. I had no idea how to do business accounting or even manage my inventory properly. At tax time, I was in way over my head. I spent a long time working with a business accountant to understand the basics and explore the details of the process so that I could manage my own books through the year. That's when I published this blog. I hope the information here will help others like me who don't have the financial edge but still want to run their own business.

Make Your Apartment Complex More Appealing To Tenants By Adding A Laundry Facility To The Property

Make Your Apartment Complex More Appealing To Tenants By Adding A Laundry Facility To The Property

4 April 2017
 Categories:
Business, Blog


If you are planning to open an apartment complex, you need to think of a few ways to make the complex as appealing as you can to potential tenants. Having a place for children to play on the property and a dumpster for trash are inexpensive ways to make your complex more appealing. Adding a laundry facility to the property can be slightly more expensive, but can be a great way to bring more tenants to your complex. Use the guide below to learn how to get the most bang for your buck when creating a laundry facility at your apartment complex.

Consider Buying Coin-Operated Machines

When you have washing machines and dryers at the facility for tenants to use, you do not want them to be able to use them for free because there are still costs associated with their operation that will need to be paid. You will have to pay for the electricity that runs them and the water that is used when clothes are washed. It is best to choose machines that have coin slots built into them so that the tenants have to pay for each load of laundry that they want to do.

Consider How Many Machines You Need

Next, you need to consider how many machines you truly need. You want to be sure that tenants are not waiting hours on end to be able to do their laundry, but also do not want to have so many machines that there are some never getting used. It is best to have at least two washers and two dryers available for tenants to use so that the chances of someone being able to do their laundry when they need to is greater.

Consider Purchasing Used Machines

Coin-operated laundry machines can be a bit expensive. Purchasing them in used condition will lower the overall cost of the investment, though. Be sure to hire a technician who works on the machines to inspect any machines you are considering purchasing before you buy them. This will ensure that you are purchasing machines that will work well for your tenants.

Once you purchase the machines, allow the technician to install them for you. Be sure to have them inspected and maintained on a regular basis to ensure that they always work as well as they can for your tenants. Regular maintenance will also help the machines to last as long as possible so that you do not have to constantly spend money replacing the machines.

For more information, talk to a professional like Metropolitan Laundry Machinery Sales Inc.

About Me
Number Needs: Small Business Accounting Basics

One of the biggest mistakes I made when I started my first business was overlooking the importance of financial management. I had no idea how to do business accounting or even manage my inventory properly. At tax time, I was in way over my head. I spent a long time working with a business accountant to understand the basics and explore the details of the process so that I could manage my own books through the year. That's when I published this blog. I hope the information here will help others like me who don't have the financial edge but still want to run their own business.

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