Earn More, Manage Less: Laundry Room Revenue Sharing Explained

Managing a laundry room can be a real chore for property owners. From the expense of equipment and maintenance to handling resident complaints and keeping up with the latest payment technology, it's a constant juggling act. But what if you could offload all that hassle and actually make money in the process? That's where Coin-O-Matic's revenue-sharing program comes in.

We sat down with Matt Miller, President of Coin-O-Matic, in Alsip, IL to learn more about how this program is transforming laundry room management.

The Laundry Room Management Challenge:

Property owners face numerous challenges when managing their own laundry facilities. As Matt Miller succinctly put it, the core issue is management. This encompasses everything from the significant expense of laundry equipment and its ongoing maintenance, to the constant need to address resident complaints and the pressure to stay current with evolving payment systems. These responsibilities can be a significant drain on time and resources.

A Partnership That Pays:

Coin-O-Matic's revenue-sharing program offers a refreshing alternative. "We take over management of your laundry rooms at no cost to the owners," explains Miller. "With revenue sharing, we actually pay the property owner." Essentially, multi-family property owners get to cash checks while Coin-O-Matic keeps residents happy with well-maintained and modern laundry facilities.

Why Choose Revenue Sharing?

The benefits of revenue sharing are clear. "When Coin-O-Matic manages their laundry room, that's one big task the property owner or their staff no longer have to worry about," says Miller. This frees up valuable time and allows everyone to focus on more profitable endeavors.

How Do our Laundry Room Management Partnerships Work?

The process is simple. To be eligible, properties must have at least six apartments that will utilize the laundry room(s). Coin-O-Matic then takes over the management, handling everything from equipment maintenance to payment processing. Property owners receive 50% of the revenue generated, with zero upfront costs or fees.

Real Results:

As we were talking, Matt shared a compelling success story from a Coin-O-Matic customer. "We bought the machines from a very large property and took over management of their laundry rooms. The first year, the commission we paid them was the same as the gross income they were reporting when they managed the laundry room themselves!"

From Broom Closets to High-Rises:

Coin-O-Matic manages laundry rooms of all sizes and types, from small spaces to full-sized laundromats in large buildings. Contracts typically run for ten years, ensuring long-term stability and partnership.

What Surprises People?

According to Miller, the high quality of service Coin-O-Matic provides compared to competitors is a frequent surprise. They pride themselves on offering top-tier service.

The Coin-O-Matic Difference:

"We want everyone to know that Coin-O-Matic provides the latest energy-saving equipment combined with the most convenient payment systems, all backed by the finest customer service in the market," emphasizes Miller. They are committed to providing a seamless and profitable experience for their partners.

If you're a property owner tired of the headaches of laundry room management, Coin-O-Matic's revenue-sharing program might be the perfect solution. Contact them today to learn more and discover how you can turn your laundry room from a liability into a revenue-generating asset. Stop in and visit our Alsip, IL, showroom, or call one of our experienced team members today at 1-708-540-2047!