Dallas-Fort Worth Real Estate Investor Club

Multi famly without washer and dryer hookups

  • 19 Mar 2017 8:26 AM
    Message # 4676245
    S J

    Hello Guys, I am looking at 12 unit multi family without any washer and dryer hooks ups in the units or in the property.Units are 2 bed 1 bath and rent is 625 and it it is close to UTA. Do think it is going to be a problem in the long run?

  • 20 Mar 2017 5:11 AM
    Reply # 4677453 on 4676245

    Maybe install stackable unit in kitchen??

  • 20 Mar 2017 7:00 AM
    Reply # 4677555 on 4676245
    Deleted user

    I think that area is a grey area.... I'm sure that there are laundromats in the area so that helps, you always want to have at least w/d hook-ups on the property.... My short answer is that it certainly isn't attractive, but I would find the closest laundromats and point them in that direction... Also, the type of people that will live in that area, and are ok w/o w/d hook-ups are probably going to be lower income tenants. 

    - Brian 

  • 20 Mar 2017 7:28 AM
    Reply # 4677628 on 4676245
    S J

    Thank you Kenny and Brian for your responses.

  • 22 Mar 2017 7:12 PM
    Reply # 4684233 on 4676245
    Cindy Carriger (Administrator)
    As well as the considerations already mentioned, make sure your rent numbers are compatible with similar accommodations- i.e. many rents all over DFW are going up substantially - and just because the renters there are paying that now, ask what you can begin to charge as people move out and if current tenants need to be raised as well.  I would give the current tenants a 'honeymoon' period so they don't have a knee-jerk reaction and move out because not only do they not know what kind of 'Landlord' you are going to be if you raise rent immediately, many will take that as a bad omen, and take off.  (That can be a good thing if you think the property needs to be 'purged' of low-quality tenants, however!) 


    That being said, you won't be able to demand the same rent as properties that have WD facilities in units (or on premises), but you want to ask as much as you can to maximize your investment.  Also, what is the standard in the area...being different could be very detrimental if they can go down to numerous other properties and have the convenience of W/D hookups in-house.  This will definitely cause you to have to reduce your asking rent amount...and as was mentioned earlier - you may get tenants with more money problems. 

    Good Luck!

Powered by Wild Apricot Membership Software