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Updated over 6 years ago on . Most recent reply

User Stats

100
Posts
65
Votes
Phil Christian
  • Rental Property Investor
  • Yorba Linda, CA
65
Votes |
100
Posts

Laundry Facilities | Loss Revenue

Phil Christian
  • Rental Property Investor
  • Yorba Linda, CA
Posted

Let's have a real in depth discussion about the loss income with third party supplied laundry?  We all know that third party managed laundry skips off the top.  How much do we think we are losing to skimming from the third parties? 

Most Popular Reply

User Stats

96
Posts
68
Votes
Steven Kleppin
  • Rental Property Investor
  • Manama, Bahrain
68
Votes |
96
Posts
Steven Kleppin
  • Rental Property Investor
  • Manama, Bahrain
Replied

@Phil Christian are you talking about illegally reporting the amount of money that they machines take in? Or are you talking about fees and profit sharing that you agreed to beforehand? If it's the latter, you have to compare what you're paying them against doing it all yourself. Buying the machines, collecting the money and depositing it, maintaining the machines. The cost seems worth it for the reduced headache.

If you're talking about the former, look for a more reputable company. I know there are some recommendations on the forums here.

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