Washer/Dryer Leases
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
Washer/Dryer Leases (by Bobby M [CO]) Jun 22, 2019 12:14 AM
       Washer/Dryer Leases (by Robert J [CA]) Jun 22, 2019 2:34 AM
       Washer/Dryer Leases (by ned [AL]) Jun 22, 2019 8:01 AM
       Washer/Dryer Leases (by LisaFL [FL]) Jun 22, 2019 8:18 AM
       Washer/Dryer Leases (by AllyM [NJ]) Jun 22, 2019 10:51 AM
       Washer/Dryer Leases (by AllyM [NJ]) Jun 22, 2019 10:51 AM
       Washer/Dryer Leases (by Robert J [CA]) Jun 22, 2019 5:31 PM
       Washer/Dryer Leases (by Bobby M [CO]) Jun 26, 2019 12:29 AM
       Washer/Dryer Leases (by Pmh [TX]) Jun 26, 2019 5:32 PM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

Washer/Dryer Leases (by Bobby M [CO]) Posted on: Jun 22, 2019 12:14 AM
Message:

Anybody have experience with getting rid of their coin-op laundry company? Recently was told 10 year automatic renewing laundry leases are the norm.

--67.164.xxx.xxx




Washer/Dryer Leases (by Robert J [CA]) Posted on: Jun 22, 2019 2:34 AM
Message:

Hard to get out of their lease. But one of my laundry companies went through a management change and my revenue dropped over 50%. I then installed a security camera and coin counted on the machines. I'm also a locksmith and had no problems with tubular locks.

With my proof of being cheated, i got them to cancel my lease and give me a small check for my troubles. --47.156.xx.xx




Washer/Dryer Leases (by ned [AL]) Posted on: Jun 22, 2019 8:01 AM
Message:

Robert... That's unbelievable! --70.92.xx.xx




Washer/Dryer Leases (by LisaFL [FL]) Posted on: Jun 22, 2019 8:18 AM
Message:

That's not unbelievable. That's Robert. Proactive and not one who tolerates being pushed around. Be like Robert. --75.89.xx.xxx




Washer/Dryer Leases (by AllyM [NJ]) Posted on: Jun 22, 2019 10:51 AM
Message:

That's ridiculous. Get a lawyer and have him write a letter of some kind. They are stealing. It's probably against some local law to have a ten year automatic renewing lease. Even the slimy computer security companies give you a notice. --173.61.xxx.xx




Washer/Dryer Leases (by AllyM [NJ]) Posted on: Jun 22, 2019 10:51 AM
Message:

That's ridiculous. Get a lawyer and have him write a letter of some kind. They are stealing. It's probably against some local law to have a ten year automatic renewing lease. Even the slimy computer security companies give you a notice. --173.61.xxx.xx




Washer/Dryer Leases (by Robert J [CA]) Posted on: Jun 22, 2019 5:31 PM
Message:

In California it is the standard to have a 10 year laundry lease with an automatic 10 year extension. And when the 20 years is close to being up, if you don't send a letter, registered with a return request receipt it gets renewed again for 5 years.

Several Landlords have use top lawyers to get out of their Landry lease and have failed. There have been articles written in landlord association magazines and several seminars about the subject. --47.156.xx.xx




Washer/Dryer Leases (by Bobby M [CO]) Posted on: Jun 26, 2019 12:29 AM
Message:

Recently took back over a 6-plex with coin-op washer/dryer owned by a laundry company. Our "50/50" share was $38/mo. Polled the residents. They were putting over $300/mo into the machines. Hmmmm. Fortunately the laundry company did not have us locked in with 10 year contract. Replaced the laundry company and their machines with new machines and no laundry company. Onsite manager takes care of wiping down the machines. Replaced coin-op with single line item each month to residents who want privilege access keys to the laundry room where the new washer/dryer is located. Working out great for everyone. Residents have better machines with no coins, and all the partners make LOTS more profit. --67.164.xxx.xxx




Washer/Dryer Leases (by Pmh [TX]) Posted on: Jun 26, 2019 5:32 PM
Message:

if you give notice in timely manner the extension can be negated. only automatic if not cxl’d per terms. --70.119.xxx.xxx



Click Here to send this discussion to a friend
Report discussion to Webmaster


Reply:
Subject: RE: Washer/Dryer Leases
Your Name:
Your State:

Message:
Washer/Dryer Leases
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: