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Updated about 2 years ago on . Most recent reply

User Stats

56
Posts
21
Votes
Alex Jacobson
  • Real Estate Broker
  • Boulder, CO
21
Votes |
56
Posts

Coin opearted washer/dryers

Alex Jacobson
  • Real Estate Broker
  • Boulder, CO
Posted

Installing a laundry room in my 6 unit. I explored coin operated units and stumbled across a company that has a product that converts any regular washer or dryer into a coin operated unit. I like the idea because I hear the coin operated can break down and are also expensive to purchase. This unit could be connected to any washer/dryer and only cost $300. Has anyone used them or have heard of such a thing?

Thank you! 

Alex

I saw on Youtube a couple with a 4 unit that collect aan average of $50-100 a month. Seems like a good way to cover the water costs and increase overall rent with on sight laundry. 

https://www.smartcoinbox.com/D...

Most Popular Reply

User Stats

8,381
Posts
4,384
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Colleen F.
  • Investor
  • Narragansett, RI
4,384
Votes |
8,381
Posts
Colleen F.
  • Investor
  • Narragansett, RI
Replied

@Alex Jacobson  I haven't used them but I have heard that commercial machines hold up better to apartment use.  I also looked into shinepay when I was thinking of adding laundry and it allowed payments by card.  That is a big advantage having lived with a quarter machine last year during a coin shortage. Just some thoughts.

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