The Washer & Dryer Debate for Rental Properties | Should You Provide Them?

Many rental property owners and #realestateinvestors ask me, "Should I Provide a Washer/Dryer for my Rental Property?"

Well, this is a debated topic, and depending on your #investmentproperty and your desired goals for your investment and #cashflow desired - it can go either way!

If you decide to invest in a washer/dryer for your #rentalproperty it will typically cost around $700.00 for the Washing Machine and $700.00 for the Dryer.

Return on #investment:

Washer: $700.00
Dryer: $700.00
Total Investment: $1,400.00

Increase in the #rentalrealestate = $150/mth

It will take you about 8-10 Months and your investment is Paid Off!

Units that are great for your Rental Investment Property:

https://www.homedepot.com/p/GE-4-2-cu-ft-White-Top-Load-Washer-with-Agitator-GTW335ASNWW/308653937

The Benefits of adding a Washer/Dryer:

1. Increase your monthly rental rate
2. More desirable for Prospective Renters

The Negatives of providing a Washer/Dryer:

1. Maintenance & Upkeep of Appliances
2. Upfront Costs/Investment

#invest #manage #profit #jobin

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