Today’s rental market is extremely competitive, and apartment owners and superintendents are actively looking for ways to stand out to increase revenue and improve tenant satisfaction. Finding smart upgrades like building a modern central laundry room for their apartment building is one of the most effective ways at keeping and attracting tenants and ensuring satisfaction and comfort.
But modern centralized laundry rooms aren’t just an amenity, they’re a value-adding investment that generates revenue. At Automatic Industries, we’re here to detail the ROI of modern laundry rooms in apartment buildings so you can give the unused space in your building a chance to generate additional revenue for you.
Get Predictable Income from an Unused Space
While you may have laundry machines in your basement, are they up-to-date and reliable? It may be time to update the equipment in the room and make it functional for your tenants.
But buying machines, paying for installation, and managing the service calls can become tedious and often lead to major expenses before seeing any return. Central laundry services like Automatic Industries will rent the space, take care of the machines, installation, service, and card systems all while you collect rent on what was originally wasted space in your building. We’re local to New York and can provide timely service and installation.
Increase the Value of Your Property
Having a modern and functional laundry room in your apartment building has a positive effect on tenants as well as those in the market for a new living space. It creates value in your building by elevating the perception. This can lead to tenant retention, potential rent premiums, and improved property valuation. And because your central laundry partner is the one investing in the space, your balance sheet remains untouched.
Avoiding Maintenance Headaches
While having a few of your own machines in your apartment building can be helpful with keeping tenants happy, when those machines break, flood, jam, or result in frustrated users, the maintenance comes out of your pocket.
When you partner with managed laundry services, they handle the installation, maintenance and repairs, and handling all the compliance with building codes. This can result in fewer calls and less disruptions.
Exceeding Tenant Expectations
In a competitive urban market, it’s important to not only keep tenants satisfied, but to exceed their expectations. Partnering with a managed laundry service that can handle the card and mobile payments, utilize energy-efficient machines, and handle real-time monitoring and servicing will ensure that tenants are happy with their building’s laundry services.
Avoiding Risk While Increasing Revenue
When you own the equipment, there’s considerable risk involved with replacing and maintaining the machines, dealing with potential water damage, or having to replace obsolete machines.
When you partner with services that rent that space and handle all the installation and maintenance, you’re simply gaining stable income, having operational issues taken off of your plate, and you don’t have any liability risks.
Partner with Managed Laundry Services for Your Apartment Building
If you’re looking to increase your income without having to invest in new laundry machines and retrofitting an old space in your building, Automatic Industries can help.
We can design and install a central laundry room in your apartment building that will help you keep your tenants satisfied and renewing.
Contact Automatic Industries today!