If you are about to launch a successful condo site, hotel, motel, student accommodation, or multi-family development, you need to make sure that you are able to provide all of the necessities and amenities required. Chief among these is your washing machine service.
Surveys have consistently shown that in-unit machines for laundry play a major role in the decision-making process for tenants. If you do not have quality washer-dryer services, you are putting yourself at a competitive disadvantage. That’s why you might want to consider washing machines. When it comes to washing machine options, leasing has a large number of advantages over renting. Read on to find out why.
1. Predictable Budgeting
When comparing machine costs, you will quickly realize that the upfront costs of, say, two dozen washing machines, can be substantial. On top of this, you will also have to set aside an indeterminable amount of money to cover the costs of breakdowns and routine maintenance.
However, when leasing laundry equipment, you can build a more predictable budget. If you opt for quality easing services such as those offered by Wash, you can rest easy knowing that all of your costs are cover in the price of the lease, meaning no unexpected bills for you.
2. Leasing Washing Machines Preserves Capital
When constructing and maintaining a large residential development, having healthy cash reserves is often crucial for success. This is where leasing can come in handy. Instead of instantly depleting your precious cash reserves on expensive machines, you can rent them for a low up-front cost and ensure that you always have plenty of firepower in your arsenal.
3. You Can Always Purchase Later
Some people balk at the idea of renting equipment simply because they are more comfortable with the idea of owning. However, the two are not mutually exclusive. Although the ownership of washing machines is unlikely to be of much use to your balance sheet, you might still decide later on that you would prefer to own. If so, you can always choose a lease now, purchase later option with your provider, allowing you to take control of your assets.
4. Guarantee High-Quality Equipment
When renting or leasing laundry equipment from a reputable provider, you do not have to worry about quality. When you are buying washing machines yourself, you will have to navigate a minefield as you attempt to find quality machines at the best value for money. Few people are able to pull off this tightrope act successfully. By leasing your equipment, you can guarantee that you are getting the best washing machines and appliances on the market right now, all for a lower cost. This will keep your tenants happy and will boost your bottom line in the short and long term.
Everyday Business Tips That You Can Use
Leasing washing machines might now seem important to some business owners, but for others, it is a crucial consideration that can make a big difference to the finances. For more every business and budgeting tips that you can really use, we have got you covered. Make sure to consult our expert Business and Finance guides to learn more.