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2021-09-02 RENT WASHER & DRYER TO YOUR RESIDENTS | By: Jeff Taylor

Jeffery Taylor, Mr.
Offering to rent a washer and dryer to your residents can generate some extra rental income. The following are 4 examples of what a few landlords are doing in different parts of the country to increase their rental income by renting washers and dryers.
  1. I only rent new equipment. At $45/month, the pair will pay for itself in 18 months. Our insurance requires braided metal hoses for washer hookup, so hopefully no busted lines. If they last 8-10 years, I will see a decent profit.
  1. I once owned an appliance repair shop. I started supplying washers/dryers for an extra $30/month. I would buy them used off Facebook Marketplace or Craigslist. I also supplies the braided steel supply hoses. I rented 8 sets. My last breakdown was at least two years ago, and I just replaced it with another used one. It's been a good source of additional income.
  1. I have been renting my appliances to tenants for about 20 yrs now. I have been charging $25 per set washer/dryer, stove/frig. I buy used appliances that equal the amount of that money. Tenants are required to keep for one year, then at any time after that they can have them removed. The $25 came from a decision, from Section 8, where a tenant challenged my rent fee. Section 8 stated I can charge $25 per set and they must keep it for 1 yr. That was about 15 yrs ago, and I never tried to raise it. It has worked out great. Most of the time I have no problems.
  1. I have a community coin washer/dryer on my properties (multi-units). The price is set at $2 for the washer & $2 for the dryer. That's $8 per load. Tenants/guests gladly pay it for the convenience of not having to go off site to do laundry.
The tips in this column are shared by regular contributors to the popular Q&A forum, by real estate authors and by Jeffrey Taylor, To receive a free sample of Mr. Landlord newsletter, call 1-800-950-2250 or visit their informative Q&A Forum at, where you can ask landlording questions and seek advice of other landlords 24 hours a day.

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