Coin Op Laundry
I need to ask my fellow Minnesota investors how they approach adding a coin-op or just commercial washer and dryer to their apartment. I am closing on a quad in two weeks that has a washer/dryer hookup, but the former owner took them out. I know the tenants really want them, and with a rate increase coming soon (this place is way below market rents), I want to give them something they really want.
I saw bad reviews on Yelp about BDS Laundry Systems. Do you have laundry, and how did you obtain the washer/dryer, and is it profitable, or a money drain?