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General Landlording & Rental Properties

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Michael Badin
  • Rental Property Investor
  • Apex, NC
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197
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Vending Machines, ATM's & More

Michael Badin
  • Rental Property Investor
  • Apex, NC
Posted Oct 28 2017, 18:39

So I am looking at the possibility of purchasing a 32 unit property.  (Still very early in the process.)  One of the value add ideas I am tossing around in my head is Vending Machine's and or an ATM being placed in the property.  Does anyone have any recommendations for a company they have used for vending machines?  Did you approach a bank directly for the ATM rental or a 3rd party company?  What experiences have you had with them?  What kind of return did you experience with how many units?  

Should the deal work out and I actually purchase the property I also plan on rehabbing both existing laundry rooms and replacing the old outdated machines.  (From what I understand the current machines breakdown often.) What do you recommend, coin operated or card?  Other suggestion?   I think owning the machines is probably better but what are your thoughts on leasing and profit sharing?  If you have done both, (Owned machines and leased machines/ profit share ) which option did you prefer?  

Has anyone ever put a pinball machine or something of the like in a laundry room?  Thoughts?

Thanks All!

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