Any property owner or manager will tell you that laundry facilities are an essential amenity for any large residential property, and many non-residential properties as well. From multi-unit apartment complexes, high rise condominiums and student housing to hospitals and catering services, laundry units are essential to keep your tenants happy.
As essential as laundry rooms are, they are rarely discussed as an important property feature, and often take a back seat to amenities like pools and gyms. But Laundry Room Design Ideas and storage, not to mention proper management and maintenance, have significant benefits for your property.
Most property owners and managers are too busy to pay attention to the laundry room. When things go wrong, it can be an expensive and time-consuming nuisance for property owners. How do you maintain an excellent laundry room for your tenants without breaking the bank? The answer is simple, Smart O Mat!
Laundry Room Management Services
A laundry room management service gives your property a top of the line, well maintained laundry room. Smart O Mat Services can design, clean and maintain your properties' laundry room so you can focus on other pressing issues. They can also help improve your laundry room storage, aesthetics and workflow.
Read on for ten benefits of hiring a laundry room management contractor like Smart O Mat for your property.
First Benefit: Laundry Room Management Saves You Money
Ultimately, what is more expensive– maintenance, or repairs? Everyone knows that regular laundry room maintenance is much less expensive than repairs and replacing commercial laundry equipment. By hiring a Laundry Room Management Contractor like Smart O Mat you can reduce the operational costs of your building’s commercial laundry room with no effort on your part.
Smart O Mat has top laundry equipment techs who can make repairs and perform maintenance, which includes implementing energy efficient practices. They also have connections with equipment suppliers and can pass those discounts on to you. These cost-saving measures can significantly impact your property's bottom line.
Second Benefit: Better Laundry Equipment Maintenance
All equipment needs maintenance, especially expensive and regularly used equipment like commercial laundry machines. But as a property owner and manager, it is hard to find the time to maintain and repair the laundry room with so many other things requiring attention.
Smart O Mat puts laundry room maintenance on autopilot. Their team of well trained techs have the knowledge and experience to perform routine inspections, preventive maintenance, and timely repairs on washers, dryers, and other laundry equipment. This means less breakdowns, longer machine lifespans and better energy efficiency for your building’s laundry room.
Third Benefit: Happier Tenants
A good, reliable tenant is hard to come by, and you want to keep your best tenants happy. A clean, well designed laundry room with functioning machines can boost tenant satisfaction and retention rates. On the flip side, unreliable and broken laundry machines will drive good tenants away from your property. By hiring a laundry room management service, you invest in your property and improve your chances of a loyal tenant base.
Fourth Benefit: Modernization of Laundry Rooms Can Bring in Cash
As the old saying goes, you need to spend money to make money. A laundry room contractor like Smart O Mat does more than just maintenance existing laundry equipment. Smart O Mat contractors can help update laundry room design, making it more pleasant and comfortable for your tenants.
Laundry Room contractors can also implement modern payment systems, such as card readers and mobile apps, no more lugging around rolls of quarters. They can also update pricing to match these new systems. This can draw in tenants who would normally go to a laundromat, which improves overall revenue.
Fifth Benefit: Removing Laundry From Your Administrative Burden
Managing laundry facilities can be a time-consuming administrative task. Between tenant relations, screening possible new tenants, and the maintenance and repairs that are required of any property owner or manager, there is not a lot of time left over for the laundry room.
By outsourcing all aspects of laundry room operation, from maintenance and repairs to customer service and record-keeping, you gain hours of your free time you can dedicate to other critical responsibilities.
Sixth Benefit: Save Money on Electricity
Old, outdated and poorly maintained laundry equipment often uses more power than needed. This adds to electricity bills, and is an unnecessary waste of resources that costs you money.
Smart O Mat has all the resources you need to make your building’s laundry room more attractive and energy efficient. By upgrading equipment to energy-efficient models, optimizing laundry room layouts for better airflow and lighting, and recommending energy-saving settings on machines, you can reduce utility costs and save money.
Seventh Benefit: Detailed Reporting and Analytics on Laundry Machine Use
Knowledge is power. With an updated laundry system from Smart O Mat, you will have access to software that monitors and analyzes laundry room performance. These insights include power usage, most popular time of day for usage, revenue generation, etc.
These detailed reports from your building can give you insights on usage, identify repair needs and stop problems before they start.
Eighth Benefit: Easy Compliance with Laundry Room Regulations
Laundry rooms must adhere to various regulations and safety standards. These are usually state-specific, though some are federal regulations. Failure to meet these regulations can result in citations, fines, and possibly legal action.
Laundry Room Regulations are usually related to electrical systems, water supply, and sanitation. These regulations can be hard to keep up with and keep track of. Luckily, Smart O Mat’s laundry room management contractors are well-versed in these regulations and ensure that your laundry facilities remain compliant, reducing the risk of costly fines and legal issues.
Ninth Benefit: Professional Customer Service
SmartoMat Go is not just for the property managers. Contractors specializing in laundry room management typically provide professional customer service to residents as well, allowing a direct line of communication between the problem and the solution. With an easy way to submit repair and maintenance requests, SmartoMat can address tenant laundry concerns, provide assistance with machine usage, and offer support for any laundry-related inquiries. This level of service can significantly improve the overall tenant experience.
Tenth Benefit: Your Property’s Innovation
The laundry industry is constantly evolving, with new technologies and trends emerging regularly. Your property should be the same– by keeping your building clean, up to date on repairs and well maintained, you show that you care not only about your property but your tenants as well.
Laundry room management contractors like Smart O Mat stay up-to-date with laundry innovations and are quick to adapt to keep your laundry facilities competitive and appealing to residents.
Laundry room management contractors offer numerous benefits for property owners and managers looking to optimize their laundry facilities. By outsourcing laundry room management to experienced contractors, you can focus on other aspects of property management while providing a better laundry experience for your residents.
How Does A Well Maintained Laundry Room Improve Property Value?
We all know that a high-quality laundry room makes your tenants happy, but did you know it can also improve the value of your property? While it may seem like a minor detail compared to larger amenities, a well-designed and well-maintained laundry room can ultimately increase your property's market value. Read on to explore the numerous ways in which a high-quality laundry room can impact your property's value.
Attracting Quality Tenants
One of the most immediate benefits of a high-quality laundry room is its ability to attract quality tenants. Any residential property owner will tell you that quality tenants are hard to come by, so having something to draw them in is useful.
Prospective renters often consider the convenience of on-site laundry facilities when evaluating potential rental properties, as well as how up to date and well maintained those laundry facilities are. A well-appointed laundry room can set your property apart from the competition and make it more appealing to desirable tenants, which improves your bottom line.
Increased Tenant Retention
Beyond attracting new tenants, a high-quality laundry room can also contribute to tenant retention. Tenants who feel they are being listened to about laundry machine equipment repairs will be more likely to renew their lease. They will also appreciate the convenience of modern laundry apps and payment services. High tenant retention rates translate into consistent rental income, which positively impacts the property's value.
Higher Rental Rates
Properties with superior facilities, including laundry facilities, can command higher rental rates. Tenants are often willing to pay a premium for the convenience of on-site laundry, especially if the laundry room is equipped with modern, energy-efficient machines, easy pay options and is laid on in a way that offers a pleasant environment. This increased rental income directly contributes to the property's cash flow and overall value.
Enhanced Property Reputation
Reputation matters to potential renters. When looking for a place to live, quality renters listen to online reviews as well as word of mouth recommendations. A well-maintained laundry room can enhance the overall reputation of your property.
Tenants are more likely to leave positive reviews and recommend the property to others when they have a good laundry experience. Positive word-of-mouth and online reviews can attract even more prospective tenants, further increasing the property's value.
In a competitive rental market, amenities and other “bells and whistles” can make a difference. A modern, high-quality laundry room can give your property a significant advantage to one without. Using a laundry room management service like SmartOmat It can make the difference between a potential tenant choosing your property over a similar one without laundry facilities. Being able to advertise an exceptional laundry room can help your property stand out and maintain a low vacancy rate, which, in turn, contributes to its value.
SmartoMat can help facilitate energy-efficient laundry machines for your laundry room. This in turn can reduce utility costs for both property owners and tenants. Energy-efficient washers and dryers consume less water and electricity, resulting in lower operating expenses and utility bills. These savings not only boost the property's profitability but also make it more attractive to environmentally conscious tenants.
Improved Property Maintenance
Property owners often do not have time to update or properly maintain large laundry rooms, and that is a mistake. A high-quality laundry room is a reflection of the property's overall maintenance standards, and shows perspective and current tenants that you care. Property owners who invest in laundry room improvements are more likely to invest in the property's maintenance and upkeep in other areas as well. This can lead to a property that is not only visually appealing but also structurally sound, further increasing its value.
Amenity for Diverse Demographics
Unlike other expensive property facilities, laundry facilities appeal to a broad demographic range of tenants. Whether your building has young professionals and families or seniors, everyone needs to do laundry. By offering a well-designed laundry room, your property can cater to a diverse tenant base, increasing its appeal and marketability. A property that appeals to a wider range of renters has a higher intrinsic value.
Who isn’t looking to save some time in today’s busy world? Top Quality, on-site laundry rooms with plenty of well running machines can save your tenants time and effort. Having on-site laundry facilities eliminates the need to travel to a laundromat or spend hours waiting for laundry to finish. This convenience is highly attractive to tenants, and they are willing to pay more for it, which can increase your property's rental income and, consequently, its value.
SmartOMat, The Smart Way For Property Owners to Save Time and Money
Property management is hard, but it doesn’t need to be. By outsourcing laundry room design, laundry room storage, maintenance and repairs you are saving time and money. All of this while providing your tenants the best, easiest and most up to date machines. Take a break and show your tenants that you care by outsourcing your laundry room management to SmartOMat.