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Keep the laundry contract going for 12 months, update the leases. Budget a $50/month concession per unit if the tenant makes a fuss during renewal; raise the re
by toast0 2y ago
Keep the laundry contract going for 12 months, update the leases. Budget a $50/month concession per unit if the tenant makes a fuss during renewal; raise the rent $100/month at the next year. For bonus points, figure out how to convert the laundry room into a rental unit that always smells like soap and comes close enough to the habitability standards otherwise.
- bastawhiz 2y agoIf you think $50 is going to be enough to get residents to stay after you remove laundry facilities, you're about to have a lot of empty units. Laundry is something people feel very acutely because they deal with it multiple times each week, usually. Take it away, and it's your fault.