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General Landlording & Rental Properties

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Kyle R.
  • Real Estate Investor
  • Charlotte, NC
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Number of washers/dryers at 80 unit

Kyle R.
  • Real Estate Investor
  • Charlotte, NC
Posted Mar 4 2018, 12:02

I acquired an 80 unit complex early last year that featured a coin operated laundry room. There's a total of ten machines, five washers and five dryers. One washer and dryer recently went out and is beyond repair. I was planning on replacing each, however, the laundry room generates only $100 each week. Based on the run price of $1.50 per cycle, the washer and dryer is run about 33 times each every week, or around 5 times a day. As a result, I'm leaning towards not replacing and just having 4 washers and 4 dryers. Thoughts? I feel like there should be more machines present, however, collections are low.

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