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Sunny Burns#3 Real Estate Success Stories Contributor
  • Rental Property Investor
  • Mine Hill, NJ
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Electric Dryer Coin Op, Worth it?

Sunny Burns#3 Real Estate Success Stories Contributor
  • Rental Property Investor
  • Mine Hill, NJ
Posted

So we just placed an offer on a triplex with all separate utilities, currently, there is only one washer dryer hookup in the basement. There's only really space for the one set, but its set-up under the one tenant's utilities and only they can use it,

I feel that washer/dryer access on premises is a huge deal, and it is a tremendous waste to just have one tenant have access to it, when you could very easily since all tenants can access it, put in a coin-op for everyone to use. Unfortunately there not House gas line, but there is a house electric line,

Is it worth putting in an electric coin-op dryer, or better to work out some deal with one of the tenants to pay for the gas, and get a more efficient gas dryer? Definitely leaning towards just sucking it up and putting in the electric coin-op, but wanted to see people's opinions, and maybe hear that electric isn't as bad as people say... thoughts?

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Deanna McCormick
  • Minneapolis, MN
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Deanna McCormick
  • Minneapolis, MN
Replied

Put in a electric dryer,, so all can be run on house account for services, your deduction at tax time for use.  

People will be glad to pay for the availability.. 

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