Should I or should I not purchase W/D for my Rental?

Question

Hello All,

I am trying to figure out the best plan of action on getting my property back into a rental. The property is brand new rebuild from insurance forest fire claim 3 years ago. The property prior to burning down had an old pair of washer and dryers from the previous owners i bought it from, i just left them in when i rented it out and only ever had to have the dryer serviced over a 5 year period of renting it out.

Since its brand new and rent has gone up from $895 3 years ago in the area to now estimate $1250/month, im curious if i would hurt myself not purchasing a washer and dryer pair to install in the units washing area.

Its a 2/2.5 Townhome

Ryan Howell · Answer

I have one unit where I provide a washer, and its only because the space is small and requires a non-standard size.  I have have nothing but headaches with tenants abusing it.  Unless your market expects you to provide one, I personally don't.

Nathan Gesner · Answer

A couple thoughts:

1. moving a washer/dryer in and out of the unit increases the likelihood of damage, particularly if the appliances are in a tight spot. It also increases the likelihood of a hose being hooked up wrong and a water leak. I've had both of these issues happen dozens of times.

2. If you provide a decent washer/dryer, you can usually bump the rent $25 - $50 a month to cover the cost of the appliances and maintenance.

I'm 50/50 on these things. Some tenants tend to abuse them. Some appreciate them. Some people don't want me to to provide them because they have their own. Some appliances don't last long and end up costing a lot in maintenance.

Overall, I think it's a good idea but you can go either way and not be wrong.

Kenneth Garrett · Answer

@William Huston

This is definitely market driven.  In my area, without providing these appliances will hurt you since it is common for landlords to provide all appliances and w/d.  In other markets it won’t hurt you at all.  Check out other listings in your area and look at what they are providing.  I rarely get any calls for repairs on appliances.

Should I or should I not purchase W/D for my Rental?

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