#1. How are you and your property management team navigating laundry contracts? What are your best practices tied to contract lengths, terms and clauses?
#2. Related to onsite laundry services…what do you charge for the use of washer/dryers? Have you raised prices in the last 3-6 months?
#3. Do you have any suggestions/tips for pro-active laundry repairs and service/maintenance? Which laundry vendors are you most impressed with?
The formula for Ancillary Income is this…
More monthly revenue generated + higher resident retention = less resident turnover and more monthly profitability
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Patricia McLoughlin
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