If you are a multifamily rental property owner looking for an organic way to increase your revenue while offering your residents a self-service laundry option that provides them with a safe, convenient laundry experience, a coinless laundry system may be exactly what you need. While coin operated laundry systems have been the traditional choice for self-service laundry rooms, coinless laundry technology has revolutionized the laundry industry in recent years, providing residents and owners with a number of benefits that may make this equipment a more appealing option in certain laundry room situations. Coinless laundry systems eliminate the need for residents to carry any cash at all, since laundry cycles are paid for with the swipe of a smartcard. This cashless convenience helps to create a safer laundry experience since there are no coin boxes or resident cash reserves to tempt thieves.
Coinless laundry systems use smartcard technology for their payment system. Enhanced security is not the only advantage offered by coinless laundry systems; these technologically-advanced laundry machines offer a wide range of positive benefits for tenants and residents that includes:
With coin operated washers and dryers, residents pay for their laundry cycles using coin slides which can jam or break, leaving the laundry machines out of order until repairs can be made or replacement slides can be installed. Smart card laundry machines have no moving parts on their payment systems, so your residents can enjoy the uninterrupted service of all the laundry machines.
Smartcard technology makes it easy for owners to implement premium pricing schedules, changing prices according to time of day, days of the week, and times of peak laundry usage. Owners can easily make small, frequent incremental price increases that are readily accepted by residents who would object to a 25-cent jump in laundry prices.
Tenants are sometimes tempted to use slugs and foreign coins to steal laundry cycles when their laundry rooms use coin operated laundry equipment. Some unscrupulous criminals even go so far as to detach entire coin boxes from the washers and dryers so they can steal the cash. When you use card operated laundry equipment, there are no coin boxes to steal, and residents are required to pay for all their laundry cycles, which are directly debited from their smartcards.
Convenient Laundry Experience
Tenants appreciate the cashless convenience of coinless laundry systems; there is no need to carry around coins or dig for change, and no need to use coin slides that can jam or break. Paying for laundry cycles is a breeze; residents load value onto their smartcard time using cash, credit cards, or debit cards, and just swipe their card to pay for laundry cycles. Property owners appreciate the convenience of the cashless laundry payment system as there are no coins to collect, no need to count and roll change, no need to haul the coins to a bank to make deposits, and there is an audit trail they can use to reconcile their revenue!
Commercial Laundries carries a wide selection of commercial washers and dryers that can be outfitted with your choice of coinless or coin operated payment systems. We offer flexible purchasing and leasing options, along with expert laundry room design services to help you create the laundry room solution that best fits your property and the laundry needs of your tenants.
Contact Commercial Laundries today at 1.855.254.WASH (9274) to start enjoying the cashless convenience offered by coinless laundry systems at your rental property today!