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March 2, 2020

Benefits of a Community Laundry Area for your Multi-Housing Facility

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“Do I really need a laundry room in my apartment complex? Can’t residents just go to the nearest laundromat?” 

That’s a question we get from a lot of property managers as they’re investing in a new property or remodeling an existing residential building. If you’ve asked that question before or you’re wondering about the benefits of a community laundry area in your apartment complex, condominium, or other multi-housing facilities, you’ve come to the right place. The fact is, laundry is an incredibly important part of running a successful property. As you weigh the costs and decide whether or not you want to invest in commercial laundry equipment, be sure to read up on some of the top benefits of a community laundry area for your residents. 

Attract & retain qualified tenants 

We put this as our top benefit because laundry is often listed as one of the top amenities that renters are looking for. Hauling clothes to a laundromat is inconvenient for anybody, but especially for families with young kids, adults who work outside the typical 9-to-5 workday, or when our Midwest winters get especially chilly. 

With that in mind, on-site laundry is a huge perk and can help set your apartment complex apart from other rental properties and increase tenant satisfaction overall. Satisfied tenants are less likely to move, which reduces turnover, hassle, and potential profit loss that comes with trying to constantly rent out vacant units.

Increased revenue options

If you’re looking for a way to increase revenue at your rental property, shared laundry areas can be a great way to do so. In general, people expect to pay more for convenience, and what they view as quality services and amenities. With that in mind, a great community laundry room could justify an increase in rent prices and help increase your profits.  

Advanced controls, such as Speed Queen’s Quantum Controls, also make it easy to boost revenue and make your laundry room more profitable through convenient upsell opportunities. Features like multi-level pricing and cycle modifiers allow users to customize their cycle preferences while paying more for premium features. 

In addition to increases in monthly rent and advanced controls, there are also opportunities for additional revenue within the laundry area itself. Like laundromats, community laundry rooms often have vending options for residents such as soap, detergent, and non-laundry options such as food and beverages. Renters appreciate the convenience and you’ll reap the additional profits. 

Easier maintenance

For many property managers and renters, the big question when it comes to laundry is whether in-unit laundry or a shared laundry area is the right option. In regards to maintenance, a community laundry room is often the best for both parties. In fact, easy maintenance is one of the major benefits of shared laundry areas. 

A community laundry room means you don’t have to go back and forth with the renter to schedule a specific time for servicing the equipment or request permission to enter the unit. You can simply let tenants know when maintenance and repairs will be underway. Plus, you’ll have fewer machines to maintain since they are shared rather than in each apartment. 

As a bonus, landlords and property managers can opt to lease their laundry room, which means a trusted laundry service provider oversees the installation, upkeep, and maintenance. This is a great option for landlords who prefer to focus time and energy elsewhere. 

Maximize space

Apartments and condominiums are often cramped and space is at a premium, especially in large cities like Chicago. Shared laundry rooms are a great way to maximize space in your complex when room is limited. 

By offering a shared laundry room rather than in-unit laundry, landlords can maximize square footage and the number of units in their complex, which ultimately increases profits and makes their complex more desirable. Tenants will also appreciate the fact that they can have the best of both worlds — a dedicated laundry area with additional amenities (such as utility sinks and folding tables) without sacrificing precious living space in their personal unit. 

Work with Coin-O-Matic

If you’re in the process of building or remodeling a multi-family residence in Illinois or Indiana, or you’re looking to upgrade your building’s existing laundry room, Coin-O-Matic would love to help. We’re a proud Speed Queen distributor and we’ve specialized in coin-operated laundry equipment and multi-housing laundry solutions since the 1920s. Let’s chat about how we can take your laundry room to the next level. 


Read Now: 
How Speed Queen Laundry Equipment Can Save Your Multi-Housing Facility Money on Utility Bills
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Save Space In Your Apartment’s Community Laundry Room With These Products and Tips



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