Source: Property Management for Dummies
By Robert Grisworld
Providing your tenants with laundry equipment is one of the
best ways you can increase your non-rent revenue. But
your ability to meet this need will probably depend on the
size of your rental property.
If you own a single-family rental home, including a washer
& dryer can allow you to charge an extra $50.00-$75.00 in
monthly rent. The plumbing & connections are
probably already installed (or if the are not, they can easily
be added). But unless you want to see all your potential
profits go down the drain, be sure that your tenant pays for
the utilities, including the water & sewer charges.
The owners of rental properties with two to twelve rental
units have the toughest time offering laundry equipment,
because they often lack an appropriate location. If the
washer & dryer cannot be installed directly in the rental
units, look for a location to build a common area laundry
facility. You may be able to convert a garage or build an
enclosure in a carport space, but be sure the location is safe
& secure and always use a licensed & bonded general
contractor & get the property permits.