Laundry in SFH Rental

[Sameer Patel]

Hi all,

I am in the final phase of my first investment home purchase and am trying to determine how to handle supplying laundry appliances. Currently the home has hook ups as expected but I was leaning towards not providing the appliances. I am not sure if this is a major deal killer for a SFH rental unit in a A/B area. I've had personal experience in the past where the units were not provided and we supplied our own, but not sure if that is the right strategy for my offering.

Wondering what folks opinions are?  Is there an expectation to have appliances available?  Do we offer them as part of signing for an additional monthly fee or as an incentive to get the "right" tenant? Should I offset my expectations on rent or tenant quality by not including them? What else should I think of that maybe I am not?

Thanks in advance

Sameer

[John Lopez]

Sameer,

I would recommend researching the market a little as already suggested. You could do a quick review of listings in the area to determine if most landlords offer laundry in unit.  Another potential option could be to have a conversation with the prospective tenants.   You could say "The rent is offered at X price without laundry, but we offer an option to "lease" laundry units for an additional monthly charge of $X per month." Be sure to check the renting laws in your area if you decide to go with leased laundry units