BiggerPockets

I would recommend having a vendor provide the machines and split the revenue with you. They take care of the maintenance in that situation. Another factor from a revenue stand point is the condition and safety of the laundry room. If the room is not well lit, or not protected as well as other parts of the building, your tenants will be less likely to use the facility. You also want to make sure the room and the machines are being cleaned often.

A coin laundry on site would be better than dragging clothes out to the laundromat.

The only value I can see would be that it would help rent the units. It's not likely to make much money, because you will have utilities, machine repairs, and lots of cleaning to do.

In marginal areas, you will also risk break-ins and damage to the machines.

The folks I've talked to that have the contracts with laundry machine companies say "don't do it". The contracts are miserably hard to get out of, and they are talking the profits, while you get most of the expenses.

If you want coin machines, just buy them yourself.

I have a 4plex with a coin op laundry. We have about $200 a month in revenue, I split it 70-30 with a leasing company so end up pocketing ~$130 a month. Expenses are about $80 a month so I end up netting about $50/month. It's not a huge money maker for me but $50 a month is a modest dinner out or a couple nice bottles of wine.

I would never recommend working with leasing companies unless you are a good negotiator. You will find weird things in your contract like it automatically renewing for long durations, the contract applying to owners, heirs and assigns (meaning it applies to future owners, whether they like it or not).

When I bought the 4plex, the previous owners negotiated a 15 year lease with a 50-50 split. The lease also automatically renewed for a subsequent 15 year term. I threatened to lock up their washers and driers in a closet unless they changed the terms. End result was a 30 month term, 70-30 split (in my favor) and I get to keep the washers at the end of the 30 months.

The real benefit is more for the tenants rather than for me. If I was serious about running a laundry facility, I'd go buy one. Until then, I'll enjoy the bottle of wine and dinner.

I would assume that you're receiving revenue from neighbors to generate those numbers?

I've had laundry concession companies for years. This year I installed my own equipment - 4 machines-2 washers/2 dryers for 35 units. Income is about $450 a month with vend prices at $1.25 per load ($5400 per year). I think it depends on what you want. Machines new were $2900. Your equipment is paid off in a few months. If you opt for machines supplied and serviced you generally give up half of your income to the company but you have no liability for the equipment. Your electric/water/heating expense however remains yours.