Choosing the Right Laundry Equipment Leasing Company
Laundry equipment leasing is an affordable way to add a self-service laundry room to your apartment building, condominium complex, college dormitory, or other multifamily rental property. Tenants appreciate and look for this valuable amenity; the convenience and safety of on-site laundry rooms enhances the rental experience, increasing your property’s appeal for new tenants and improving lease retention among your existing residents. Laundry equipment leasing can be an easy, organic way to increase your revenue stream if you choose the right company from which to lease. All laundry equipment leasing companies are not created equal; if you enter into a lease with an unscrupulous or inefficient laundry equipment company, your lease could produce problems instead of solutions. The following questions can help you determine if you are choosing the right laundry equipment leasing company for your property:
Does the laundry equipment leasing company provide quality commercial washers and dryers?
The quality of the laundry equipment provided with your lease plays a large role in the ultimate success of your laundry room solution. If the leasing company provides poor quality laundry equipment, manufactured by a cut-rate company with low quality standards, you could actually alienate your tenants as they deal with the frequent equipment malfunctions and fabric damages that cheap laundry equipment can inflict. Choose a laundry equipment lease provider that carries quality commercial washers and dryers that are manufactured by companies you recognize and trust.
Are there any hidden costs or fees associated with the laundry equipment lease?Some laundry equipment leases leave you facing extra charges for repair bills, machine servicing, and other miscellaneous fees. Look for a laundry equipment leasing company with a straight-forward leasing program, with free installation, free repairs, and an established monthly fee as your only expense.
Who will be performing the installation and any needed repairs?Many laundry equipment leasing companies use part-time or third party installers. These workers may be inexperienced or poorly trained, leading to installation mistakes that will cause years of repeated service calls to fix machine problems that are actually caused by a mishandled installation. Often these workers are not covered by workers’ compensation or general liability insurance from the laundry machine company, leaving you potentially liable for any injuries or mishaps that occur during installation or service calls. Before you sign with a laundry equipment leasing company, make sure they have full time, fully insured employees providing their commercial washer repair and installation services.
Is the laundry equipment lease through a reputable, established South Florida laundry equipment provider?
The best laundry equipment leasing company for your business will be one with a long history of leasing quality laundry equipment to South Florida property owners, like Commercial Laundries. Commercial Laundries is the largest family owned laundry equipment leasing company in South Florida, with more than 45 years’ experience providing property owners with quality machines. We offer a wide selection of card- and coin-operated commercial laundry equipment, manufactured by the most trusted brands in the industry: Whirlpool, Speed Queen, and Maytag.
When you enter into one of Commercial Laundries’ laundry equipment leases, we deliver quality commercial laundry equipment at your rental property, with proper laundry equipment installation provided by a member of our trained, full-time team of installation technicians, who are insured and provide expert laundry equipment repair services as needed – all at no charge to you! All you have to do is collect the revenue generated and pay an agreed upon monthly fee for a specified time.
Contact Commercial Laundries today at 1.855.254.WASH (9274) to discover first-hand how choosing the right laundry equipment leasing company can ensure your self-service laundry room success!