Recently, several residential complexes come to rise around prime locations, including in Tampa Bay. People are more in favor of renting apartments or residential complexes rather than buying a new home. The rise and demand of residential complexes influenced the growth of the property rental market making it more competitive.
Condominiums and apartments have small-spaced units. It is almost impossible for a single resident unit to have a laundry room. That’s why residential complexes need to have their community laundry room. A laundry service option is a must-have amenity for residence. Residents or tenants are not expected to buy or maintain washers and dryers. Out of respect, they have to take care of the machines, but it is the property owner to maintain them.
Meanwhile, a neighborhood laundromat should be sparse around multi-housing or closed-knit residential houses. You can either lug your laundry down the street or call for their laundry pickup and service.
If having a community laundry brings convenience to the residents, what benefits does it bring to the property owners?
Rather than installing individual washers and dryers to each unit, offering an on-site or commercial laundry facility within the complex costs less. A community laundry room requires fewer machines, cutting your costs and expenses.
Other than that, having a community laundry room could be a source of passive income. You can lease your laundry facility to card-operated or coin-operated washer providers. Washer providers can lease the space, install a new washer and dryer, pay a generous rent, and provide service anytime to your residents.
- Attract Potential Tenants
The convenience of having a community laundry room at your residential complex does not only attract potential tenants but also retains the ones already on board. Some tenants prefer to use the laundry room than spend their time going to the local laundromat.
Thus, if your competitors do not have a laundry service, you are one step ahead of the game. Keep your laundry room well-maintained to give your credibility a boost.
- Boost Resident Satisfaction and Retention
If you keep your residents comfortable and satisfied with the laundry services you offer, it keeps them happy. A satisfied and happy customer results in less turnover and more profit. Thus, make your residents satisfied by offering advanced laundry equipment and a well-managed facility. Other than keeping them satisfied, it helps your residents know each other and develop a sense of community.
Always take time to add value to your residential complex. The inconvenience of not having a proper laundry room pushes elsewhere. Thus, it is best to consider installing a community laundromat.
If you do not have a community laundry room yet, consider the benefits it provides to you and your residents. Lastly, community laundry is more environmental friendly. It saves water and electric consumption. Other than that, shared utilities decrease the carbon footprint.
Ask laundry experts for an advice before installing washers and dryers to your laundry room, this is not a small investment.