Washer/dryer: Should I take it out if I rent out to 6 students

Member since 2019 · 13 posts · 3 votes

I'm sti deciding whether to rent out to a family or students. But if it comes down to renting out to students and I fully cover all utilities. Should I leave the washer/dryer or should I take them out. Thank you.

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Ray Harrell

Investor · Chicago, IL · Member since 2016 · 1k+ posts · 930 votes

Do other rentals in your area have washer and dryer? If so, Keep it and make sure the rent covers all the utilities. FYI, when people don't pay utilities, but have free reign, they will leave things on for no reason. They may even allow friends to come use their FREE washer and dryer. Imagine your water and utility bills.

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Ray Harrell
Investor · Chicago, IL · Member since 2016 · 1k+ posts · 930 votes
7y
Do other rentals in your area have washer and dryer? If so, Keep it and make sure the rent covers all the utilities. FYI, when people don't pay utilities, but have free reign, they will leave things on for no reason. They may even allow friends to come use their FREE washer and dryer. Imagine your water and utility bills.
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James Galla
Attorney · Akron, OH · Member since 2016 · 535 posts · 389 votes
7y
You should get a coin-operated washer/dryer set. 6 students are all about to have laundry parties with all of their friends/significant others. I can hear it from here, "oh come on over, babe, I have free laundry."
GF: "oh, but can my roommate Tiffany wash her clothes there, too?
Tenant: "sure, I don't care. It's not like I pay for it. Just be mindful about the other 5 people running the washer/dryer every week and for all their friends."
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Nathan GesnerBusiness Member
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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
7y
I would take it out because it will only be abused. Even a coin-op isn't worth it because you'll have tenants abusing it, leaving their laundry in it for three days and causing fights, creating a mess in the laundry room, etc.
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John UnderwoodPro Member
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
7y
I would avoid paying for any utilities if you can avoid it.
If you remove the washer and dryer they can just get their own and hook them up.
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