Approach to multifamily shared laundry rooms?
Multifamily investors, how do you handle shared laundry rooms? Specifically, do you outsource to a third party the maintenance of the machines (and split profits) or is this something your property manager oversees? I’m looking into Mac-Gray as a potential servicer the laundry room, as well as a local company in the Phoenix, Arizona area where our 22-unit multifamily property is located. I’m new to multifamily investing and I’m the project manager for this cap ex project so any input is appreciated.