Change Collections and More Problems at the Tiny Laundromat!

  Рет қаралды 3,373

InvestFourMore Real Estate

InvestFourMore Real Estate

Күн бұрын

Пікірлер: 27
@cyndywood5451
@cyndywood5451 Ай бұрын
I had my home dryer catch fire and smoke up the whole house. Fire dept had to be called. When the repairman came he told me the thermostat went out and that caused the problem. Clothes just got hotter and hotter until it caught on fire. I dont know if commercial dryers would be the same, but its a thought. Hope you find the problem. Be safe.
@investfourmore
@investfourmore Ай бұрын
@@cyndywood5451 wow!
@johngeoffrey1863
@johngeoffrey1863 Ай бұрын
Mark - suggestions for you. 1. Buy a white paint bucket, a blue paint bucket from Lowes and use your orange home Depot bucket so you don't get the buckets of money mixed up. Having them all the same color is obviously confusing. 2. Paint your keys for your coin boxes different colors and put a corresponding colored dot on the washers so you won't constantly use the wrong keys. Just match the key color to the washer and you'll never have to swap keys to find the right one again. Thx for the videos! Always informative!
@Chicago48
@Chicago48 Ай бұрын
Mark - suggestion: Don't tell people where your laundromat is located. In Chicago there are a lot of break-ins AFTER the owner goes on YT and TT and tells people where he's located. It happened to a consignment shop. They did a TV interview and the next day people broke in and stole everything.
@josephfitzgeraldnsw5794
@josephfitzgeraldnsw5794 Ай бұрын
I would look into advertising to people traveling through the area that you are open for business. People traveling have to use a laundromats or coin operated washer and dryers at hotels. You could try advertising at hotels and along highways and interstates
@heyu9225
@heyu9225 Ай бұрын
Now that the apartment and the shop are rented I TOTALLY think it’s worth buying the 6k machine(s). You are doing a great service to that small community and if you ever decide to sell, it will be way more appealing with larger machines that would convey with the property. That aside…you should put a vending machine outside the building. The local residents and shop guys in the back would probably appreciate it!
@lindawilson4625
@lindawilson4625 Ай бұрын
You must have a new customer or two that is in construction or something tracking in all that dirt. Or a dirt biker? Maybe bringing their trash in too because they come in straight from work (or play) and it's easier to drop it at your place? I would love to see video of what's happening :-)
@nathanpowers3974
@nathanpowers3974 Ай бұрын
You should take the parts from the two broken washers and make 1 running washer and swap the parts from the lower dryer to the upper dryer. Your customers like the higher dryers and it gets another washer up and running. As far as going to three phase just doesn’t sound cost effective. Finding a good repair man seems like it should be higher priority with all the down machines you have between both laundromats.
@beekind6267
@beekind6267 Ай бұрын
Happy Friday!
@hypnomix7730
@hypnomix7730 Ай бұрын
How often do you guys clean out the dryer ducts? I see you clean the lint traps, but the ducts also need to be cleaned out. It could also be a faulty heating element in the dryer.
@investfourmore
@investfourmore Ай бұрын
@@hypnomix7730 every few months
@cannedheat33
@cannedheat33 Ай бұрын
The area in back of those clothes dryers could use some 5/8th drywall. Those open stud bays and spots where the old drywall is busted is a good way to have a fire spread thru the building. I also think the tenant in the apartment or someone cleaning out their car(s) is adding to the trash in there. Keep on keeping on....
@shelleyzaragoza2195
@shelleyzaragoza2195 Ай бұрын
Good to see that the sales went back up from the last week sales without power.
@KelleyNTX
@KelleyNTX Ай бұрын
Have you had the dryer vents cleaned out? The spa I worked at had it done every 6 months to keep down the fire hazard
@investfourmore
@investfourmore Ай бұрын
@@KelleyNTX yes pretty recently
@rosejohnson9957
@rosejohnson9957 Ай бұрын
You have one gray garbage can? How often does it get emptied? The laundromat I go to is about the same size it's not a little bigger they have five gray garbage cans because of all the laundry detergent empty things and plastic bags and etc
@69dblcab
@69dblcab Ай бұрын
Mark, I did watch you dump coins into the wrong buckets last week. Glad for consistent weeks.
@countrytimebarbeque652
@countrytimebarbeque652 Ай бұрын
Personally I would take all machines out and turn it into a rental property for a buisness
@cc6603
@cc6603 Ай бұрын
Do you ever show the actual cost of running the Laundromat, such as rent/mortgage, utilities and insurance? I can't see how it can be even a break even. Can you show that please?
@rosemarymagrino772
@rosemarymagrino772 22 күн бұрын
The ones near me use cards not cash
@fastfred2009
@fastfred2009 Ай бұрын
Maybe your renters are dumping their trash in your laundromat.
@LindaDiD
@LindaDiD Ай бұрын
I wouldn't buy anything....I would just try to keep everything going. Maybe you need a medium to get rid of the bad juju! LOL
@elizabethlenning8723
@elizabethlenning8723 Ай бұрын
You need two trash cans in that laundromat.
@LeetHaxington
@LeetHaxington Ай бұрын
These machines cost so much. How does it work buying a $6k investment machine when people are probably just going to use whatever you have anyway. If everything costs that much wouldn’t this take like 10 years to break even on any single thing? Not factoring in loan interest but partially factoring in electricity, rent, insurance, maintenance. Then isn’t it about time to replace it by the time it’s paid off? I don’t get how you can afford all this cost and break even let alone be profitable at all. Plus you have to spend time running out on quarter patrol. Or i assume the machines stop working if they’re full. That’s a constant looming task and you could miss a random super busy week causing down time. This prevents you from spending that time working for a salary for example with that time. Doing low effort manual labor. Seems like I’m missing something. Sounds like a cool business i just don’t see how you could ever actually make sense of buying any machines though. I’m sure used ones would still take years and probably break sooner causing a similar profit margin.
@investfourmore
@investfourmore Ай бұрын
It is possible a big machine could bring in $100 a week on its own but hard to know for sure. My big machines in my other laundromat make much more than that. That's $5,200 a year and about what it would cost not including install. It would also make the business worth more. The big question is would it actually make that much, less or more.
@Sactowoman69
@Sactowoman69 Ай бұрын
Time to get cameras they’re cheap
@investfourmore
@investfourmore Ай бұрын
@@Sactowoman69 I have cameras
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