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Prospect of damage. Washers and dryers include an inherent layer of danger.

Prospect of damage. Washers and dryers include an inherent layer of danger.

Water supply lines can break and cause flooding, dryer ports will get blocked and pose a fire risk, and a variety of problems can occur that threaten your premises and cause costly or damage that is even permanent. You have adequate property insurance, and always ask for a decent-size security deposit just to be safe, as this can help offset any damage the tenant might do to the appliances or laundry area if you do consider an in-unit laundry facility, make sure.

An alternative solution: Community washing spaces

Then a coin-operated community laundry room can be a solid alternative to in-unit options if you’re an apartment or multifamily property owner.

These could not just provide a source that is nice of earnings but also give you a place for renters to assemble and socialize, contributing to the feeling of community in your home. This might also lead to more long-lasting renters and less vacancies.

The disadvantage let me reveal that you will need certainly to retain the room, including all of the washers and dryers it has.

And as the devices can get more use than old-fashioned, in-unit people would, they are going to see more damage. (more…)

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