You're an inspiration Kevin. Seriously, you make time for your family, and Lauren. Showing that you can "Have it all" I'd love to see a video where you explain how you manage a work -life balance. You obviously work a ton, but you still include your family and seem to have a great relationship. Seems like most people value one or the other, I've had my share of not making time for an s.o. because I'm working all the time, how do you do it? Thanks for the videos and your course is awesome!
My mother worked at a laundromat when we first arrived in the states 20 years ago, I spoke to her a few days ago about what businesses she’d like to open up if given the opportunity and she told me she’d love to open up a laundromat. Now its 4AM and I just got off a 14 hour shift at this meatpacking facility, and I suddenly come across this video. I loved the amount of information you guys provided in this video, can’t wait to talk to my mom about it in the morning. Thank you for the knowledge! God bless.
Graduated highschool in 2009. Worked a dead end job for a few months and saved a bit of money. I went and bought a couple of those quarter vending machines. I would usually place them in break rooms or barbershops( parents would give the kid a quarter to sit in the waiting chair and shut up with the candy). After about 6 months I had built up a small route making about 150$ a month profit.. Started to look at soda and snack machines to expand.. Then had a falling out with the parents who decided I couldnt stay the agreed upon 2 years after graduation and I became homeless and lost it all.... Now i am married with two kids and while still working a dead end warehouse job I have felt the joy of counting the cash from a venture I started and still have the dream. Your videos have kept my inspiration alive. Thank you for your content.
The day you turn 18, your parents can put all your stuff on the curb and tell you to get lost. You should have remembered that and let them win the argument instead of trying to be right. I grew up with someone like that, always wanted to be right and argue with his Dad, and 25+ years later, he is still a loser. Were you working additional jobs in addition to your $150 a month profit vending machines? You should have been.
My family had a laundromat for several years. One thing about the “Out of order” sign was that Dad used to put a sign on working machines during the quiet months so that he could control what machines were used. It also meant that when the place got broken in to (which it would happen from time to time), not all the machines would be robbed (and broken) as the machines that were ‘out of order’ wouldn’t have coin collectors installed (this is before CCTVs were commonplace). Not sure if that’s the case here, but it worked for him.
I have always believed that the business holy trinity would be a single building with a 1. Liquor Store 2. Subway 3. Laundromat Every weekend would be a pay day.
There's actually a business in my city that has this. They aren't all apart of the same business though. Th liquor store is attached to the gas station and the laundromat is located next door to the gas station.
OK, I own two laundromat. Passive income is BS. Keeping these machines clean, your storefront clean, keeping machines running, is not passive. I haul in 10x what this dude pulled in, but I will never in a million years call it passive. And get a coin scale. I can weigh $500 in quarters in 5 seconds. And the machines in this video are old & inefficient. The storefront could use a lot of cleaning also.
he has a person clean the store front and he does the little maintenance he need to do himself or has his brothers company fix the machines... and he makes way more money on RUclips with his coin counter than YOU do with your 5 second bucket ;-) he just made a video recently and I think it was somewhere around $30.000 from RUclips counting his quarters... so do you think he has interest in changing to a "no fun bucket weight"?
@starshipeleven guess you are as clueless as you seem, maybe watch the video I told you about instead ;-) and he is not the only one I know about that makes a healthy load on YT
Jesper Andersen yeah I'd have to agree I don't see that business being successful long term... ESPECIALLY Not if you don't wanna invest anything yourself. He'll make money of youtube but you do that with anything that racks off views (say for examples I make a lemonade stand. And post it to youtube it get millions of views I'll be making money for thst stand but not from the actual stand itself.. I just don't see this guy's laundry mat being good
funkydiscoduck I’ve bought $100m in real estate. I sure has hell didn’t write a check for $100m. Getting loans is part of investing and not something that’s difficult or some “catch”
@@codycast The point is not that he took a loan, it's that he got the downpayment and capital to make improvements from a friend who invested as a partner. It's very difficult to find an investor to put up all the equity and to get the seller to hold the paper on the investment.
@@jman7719 That's most certainly not the point. It's rather evident that OP just saw the title and thought it was a 0 capital down, money profit machine.
I seriously hate apartments without their own laundry facilities, one of the most important things to me when I plan on renting a place to live in is that is has its own laundry.
I hate apartment laundry rooms. They never have enough machines and youre always waiting for people to finish. There are way more machines at laundromats and theyre faster and more efficient and about a dollar or so cheaper.
My father owns a laundromat in California and there are some things that we have learned along the way. Look for a used laundromat that you can catch a deal on buying new is very expensive and the machines will have issues usually right as the warranty is up. Less is sometimes more, yes more machines will gross higher sales but the water and gas bills get expensive especially in CA "the use of dryers actually lose money", also the additional cost for maintenance for the repairs of more machines really adds up. Unless you yourself plan on being at the laundromat all the time you need an employee there constantly, crime and vandalism will get out of control if not. Also ourselves as well as other laundromats in the area have noticed decreased retention rate of customers, there could be a lot of factors, but I personally believe that people having the ability to buy used washers and dryers from online marketplaces for basically the price of what it costs to do laundry for a family for a month at a Laundromat. All in all trying to run a business like this in California is not easy, it has been a lot of sweat, pain, and tears and he has been making a small profit on a monthly basis, but his Business Loan will be paid off early next year and it will be well worth it.
I have 3 laundromats, sold my single family houses (30). Never looked back. To this day I also have not paid one dollar for the laundromat. If you can fix the machines and are handy, best buisness ever. Great video!
@@SergioB-MakingMillionaires I look for a run down business in a good to great location. Then I'm able to low ball offer. Laundromats are great because most dont keep track of income. Hard for them to show a income statement. Unlike this Ohio place my places pull in 3 to 5grand a week. I spent the first few years of my real estate career paying off properties. Then I use the paid places as collateral for the down stroke. Hence no money, I have a 1mil line of credit at bank. You can also refinance once fixed up pull you money back out, if you find Meet Kevin's wedge type property. I plan on posting some videos of my mats next week., I'll go more in detail. That why I love Meet Kevin he gives spot on advise. Some of this stuff took me years to learn. I really dislike the guru that misleading young people like you astray.
Following Keenan ! Holy shit dude lol that’s amazing. I’m 22 and I want to get into the real estate biz to make millions, in currently working toward Executive Protection, so I can make some big boy money to fund my real estate biz. Im a big guy taking jiu jitsu, so soon I’ll be able to taste the sweet life 😉
@@LAC32Griffin I know it's crazy that why I got out of the little houses. How about in my next laundromat video I'll show my tax return for last year. Heck I spent around 65,000 last year in just utilities for the laundromats. Laundromats , carwashes , and mini storages are all dependent on the location. So that can effect profit greatly.
My father inlaw had one and it was a huge mistake. It was in a small town and people trashed it all the time and the car wash bay was always left open and froze. Machines always broke down. The city tax was ridiculous and when he tried to sell it last year he couldn't even get 5k and it still had 3 other store fronts. So small town that is dying and everyone is worth less do not take the risk. It ate up so much of his time opening and closing, fixing everything, i helped alot too and it ate up money. Only thing it was good for was a tax write off
I used to park on the street in downtown Manhattan often. Had various cars broken into several times. No picking going on. You could tell all they did was put a flat-head screw-driver in the key-hole and bang it good with a hammer.
@@FlowtnWitWalden Yup down and dirty is quick and simple. My favorite was a spark plug. Watched my boss use it to get into a junker that was locked up. Of course if I did that I'd have a very pissed off customer. Honest truth is when I was working as a locksmith I'd would almost never pick a lock unless I had to. It's almost always quicker to bypass a lock. Got a call from a woman who locked herself out of her house once. Usually it's $95 to get in. Whoever built the house was a complete idiot, one of the worst jobs I've seen in door fitment. I slipped the latch in less than a second. She was shocked. Once I explained why I was able to get in so fast she had me go through the whole place and fix 4 exterior doors and 15 interior doors. Ain't nobody getting in there without either a key, picking pins, or destructive entry.
@@richardcontinijr9661 Oddy enough some dude just butchered the laundry machines in my apartment building to get the coins. He got in........a young cop ran him down. Now he's in jail. Again. It's really easy to get into these things. He just pried them open with a small crowbar like they weren't even locked. Of course the machines need new drawers and locks now. Not cheap.
We own 3 use to own 6 it isn't easy like they say. 24hrs of care ,people calling,robbery, break ins a d tearing up equipment. These asses showing money on utube put all us owners in danger. I am going to try to get this off
I was literally looking at a laundromat business a few weeks ago. A friend of mine is making 12k a month absolute passive income. The cap it takes to get going is insane but this video gives me hope. This is recession proof
SC Fulmer honestly lol. It seems that way. All I took away from him was he knows someone that needs to hide money and he knows people that will work for free
Facts...The only people who buy laundry mats are people who need to make sense of cash and guys who look like that...Makes me wonder, what do they got going on in Ohio??
Awesome video to watch! Very inspiring, I'm in the dry-cleaning business with a few stores and I'm now thinking about opening a laundromat. I would love to have a business where I don't have to go through HELL dealing with staff. Keep up the good work Kevin!
When I started my career in accounting I worked for a CPA firm in Manhattan. One of our biggest clients was a guy that started with one coin-op laundromat, eventually worked his way up to a bunch of them, sold off that business and started a hugely successful hedge fund. (Obv this is the cliff notes version).
Funny that you went to a laundromat and discussed needing repairmen. There's a great guy named Mike Sneed of Sneed Appliance Repair in Clayton, North Carolina (callsneed.com/Home.aspx) and the Appliance Boot Camp RUclips Channel (ruclips.net/channel/UClDhN_npSkbGmPBEowIfj9g) that trains people in appliance repair. If you feel like discussing how to run and maintain a laundromat, hit up Mike (callsneednow@gmail.com ). BK
Haha good timing on this. I have 11 airbnbs and the laundry expenses are crazy, was just talking to a business broker yesterday about a laundromat that's for sale in the area, then this video gets posted.
As a Laundromat owner/operator. I have to tell EVERYONE that a Laundromat is FAR from PASSIVE. There is a whole hell of a lot to running a laundromat than collecting the coins. Believe me!
Absolutely. I have a 1200 sf bldg with 11 washers and 6 driers. I am having to do some major renovations from vandalism but before that the store was running a profit.
I love that "screw it, let's just jump in" mentality. But it also terrifies me, even when i have the numbers that tell me, yea this makes sense. The hardest part is going to other people for help or hard money. I have a hard time asking someone to lend me $20 bucks, let alone $20k. I know I'll probably get it, but I feel like i don't deserve it.
@LagiNaLangAko23 I typically take bleach wipes in my purse when I go shopping and I clean up the mess around me before I leave the bathroom. I wash my hands too.
You dressed correctly; the weather in Ohio is usually that cold late December, January and February. November, October, and March and April are usually 40-50 for highs and 30-40 for low. It was just really cold for November. However it does snow sometimes in October and the latest I've seen is Memorial Day weekend in May. Those are once in a lifetime though.
Come to the Pennsylvania/MD border. I own a trailer park, laundromat, 3 storage lots and 16 apartment buildings totalling 42 apartments. I'm 33 and I started this 8 years ago. I use to work at FedEx delivering packages for $466 a week. I purchased my first piece of land in 2011 and zoned it commercial and leased it out. I still own it today. It's leased by AC&T and they pay me $150,000 per month on a 50 year lease(they wanted a 99 year lease which is the maximum allowed in the state of Maryland).
$70,000 loan + $40,000 loan = $110,000 loan How is that 0 risk? He has to pay back the owner and the investor and if some machines crap out, then you are in the hole. Sorry, maybe I misunderstood the deal
A lot has to do with the cost of utilities-water/sewer, electricity, and gas plus taxes. I have a laundromat and our water bill in our town basically doubled the base rate in about one year. I am in northeast Texas area.
A Laundry is where people meet. Good. A laundry is where people need to do urgent stuff. Good. The laundry is cheap. Good. The laundry has ample space for more stuff, one can sell there. Good. The machines are old. Better than one may think - it might be easier to fix than high end machines.
You guys sound as if you are really good landlords, I know because I've had slumlords who just want the money and don't care at all about the tenants. My husband was disabled and we couldn't get a lift next to the steps so that it was hard work getting him in and out on a regular basis. Thank you for understanding tenants problems.
Its not 40k its 110k, 15k down payment 25k rehab and 70k financed from previous owners. If he pulls in 3k per month in profit it will take him 4 years to pay off the princable and another few years to pay off the interest. Its a 10 year investment....
In Canada you cannot kick out non-paying renters in the winter. If they work the system and the rules, they can live rent free for 6 months and the landlord ends up holding the bag.
Kevin, seeing as you’re stepping out of just real estate, go check out someone doing a micro greens business. I’ve seen videos of people on an acre or less pulling in $300K+ a year.
@@MeetKevin micro greens are simply a step beyond sprouts...you take lettuce and leafy green seeds, germinate them in shallow trays til they begin to develop some chlorophyll and leaves, then you sell them to markets & restaurants. They are rapidly grown and harvested within days, rather than a fully mature lettuce. You dont need soil and can grow in confined and vertical setups. I have a few of those videos on successful growers saved to watch later but i dont know 1st hand how well people usually do.
Why is everyone only commenting on Kevin, guys, Brandon basically seems to make income without a penny of investing himself by just being an amazing businessman and having awesome connections, that's what I call motivation 😂😂
love how this man.. this man right here. got the actual greatest joy.. from simply taking quarters out of washing machines. That right there.. thats hilarious and awesome
You took a loan you spent money. If it fails you will have to pay that back. Not passive. Upkeep on the machines, cleaning and maintenance on the building.
I was once on a team that was going to take apart a laundromat for a bank .People go to laundromats change the one they go to in a heartbeat. One month you're making money and then the next month you're not making anything. if your rent is reasonable tenants don't up and move every 10 days. But laundromat customers will.
I don't know. There didn't seem to be that many quarters in there when you have to factor in rent, electric, maintenance and equipment replacement, water bills, insurance, interest from the loans, taxes, etc. Even if you make a profit from this, it seems far from passive investment income.
Also in a rental property in your laundry room I think it makes sense that if you do not supply a washing machine you have a drain in the floor so that if the tenants go out and buy a cheap rubbish machine that leaks everywhere you're not faced with hundreds of dollars to repair the soggy floor, its just unfortunate that it would cost you so much money to put in a floor like this, money you probably wouldn't want to spend in the sort of working class areas that have the best rental returns.
I watch the other channel as well and it was pretty Kool you doing a behind the scenes and asking him extremely important questions that makes and average Joe wanna go out and and start hustling....
Yep- it's like my grandfather told me long time go- it's always the boring mundane business areas that make money- the stuff that people gotta have (needs vs wants) the things that people don't want to do - chicken farming, laundry, garbage collection (waste management-wayne huzienga), janitorial etc. toll bridge operators (you have to pay them). i'm still trying to figure this out.
yooo kevin, this quarantine i'm learning a lot!!! all thanks to you Love and support from barcelona, we are lockdown since 30 days and the government is telling us to keep like this until mid-june. good luck in america with the massive debt. and dont stop making videos!! cheers
How much do you spend a month , 100 bucks.. does the place you live have washer and dryer hooks up, If so, scrape together a couple hundred bucks and buy a used set on market place. If it does not then search for another place that does and increase your rent by the amount you spend per month. You are better off saving money than spending tons of money over your life to a business that is in it to rip you off. Put it this way if you spend 1k per year washing clothes at a mat in 30 years you would have spent 30k in laundry or you could have saved the same amount about buy your own place. This also may work for a place with no hook ups... If you do not have hook ups then this is only 140 bucks off amazon.... Portable Washing Machine TG23 - Twin Tub Washer Machine with Wash and Spin Cycle Compartments by ThinkGizmos
As a former owner of a vending business (arcade/pinball/soda/snack machines) I can tell you that's not a lot of coin there AND it's just the best part. The other parts of the job are hard work. Refilling product, fixing machines that break constantly, moving machines, etc... I had 47 machines on route at once. You can make money but it's not all gravy it's a job like any other job.
So as a different perspective he does not invest in the business concerning equipment but says that this is for the Community? Wonder what the community says about "out of order" signs and the "value" the business brings to them? It is alum lord mentality. I am a business owner and get pushback from some business owners because I pay people a living wage and do not "squeeze" profit out of the businesses I run but create value and service for customers which always has lead to higher profits for me not short term but on a continuous basis. While people I know that skimped early on to wait and see if the business was viable got a bad reputation in the community and when someone like me comes in and provides service that respects the community they instantly lose that business.
Loved the video, very informative. I’m a bit of a perfectionist so I just noticed you kept looking at the camera when talking to the guy and it just made the video feel a little less connected, like if you guys were just talking like a normal conversation and we were a fly on the wall I’d love that until you ask a question or make a point to the audience. Great video again just something I noticed being anal retentive😂😂
...I was 21 in1990 my very first business was a Wash & Fold Laundry Facility with a drop off service and a snack bar in San Jose, CA. The maintenance was a tad pricey unless you had knowledge on fixing things or were cavorting with a handyman/mechanic really helps. Kept it for 7 years, sold it for a good sum and bought 2 condo’s in PDX and a small strip mall in Bismarck, ND.
I bought used electric dryers for $60 each from a huge apartment community. The owner just wanted them out. I was able to fit 10 or 12 in my van. It's amazing how many quarters a 4-unit brings in with one washer and dryer.
I know a lady who runs a laundromat in Los Angeles. Not as easy to run as the one in this video. This laundromat owner has multiple employees changing shifts every 4 hours and they have to be careful with folks always trying to come in and scam. Either way I love the hustle in this man work ethic. What impressed me was that he was willing to work with landlords to cut rents during the Great Recession to help tenants . At the end of the day tenants get a place to live and your mortgage keeps on getting paid a win-win situation.
Helping, Not really, More like ripping them off. The cost of doing laundry at a place like this will cost you well over 1k per year when you can buy a nice used set for way less than 300 bucks. The days of laundry mats are coming to a close. As prices of units are way cheaper.
@@kameljoe21 there's a lot of people who rent. A lot of Rentals dont have machines included, or machine hookups. A lot of apartments dont have laundry services. Laundromats will still be around for a while.
@@spatdog7 That is not 100% true, All new rentals and even a huge amount of them have hooks ups. Even your dirt cheap trailer houses have hook ups from the 60s and 70s. Yet you say rentals do not include machines. Like I said you can get used units for pretty cheap. Even if you do not have hook ups there are a huge line of portable washers and dryers today. Dryers as low as 200 bucks and washers for as low as 100 bucks, I good set might run you 4 to 500 bucks for a small apartment. Making up excuses to pay a laundry mat and keep you poor is the only reason why people are still poor. Laundry mats are designed to profit from your inability to think smart, The same goes with those who shop at the dollar store. Get out of your bubble and do some damn research and see how much you can save buy investing a small amount in to your own washer and dryer. It only takes seeing the savings to make that leap to get a set.
I just want to let you know your making a huge difference with your video so far I have applied for a real estate license course and motivated me to start getting passive income as well I have a trash credit score that I’ve actually been able to improve substantially just by watching the vids I’m a stay at home dad of two so it’s been a hell of a ride and I’m sure with the help of you I will be on top of the world in the next 5-10 years thank you so much for opening my eyes lots of love from Canada Nova Scotia you are definitely an inspiration and my role model see you in cali ten years from now I will be there mark my words brother thanks again I appreciate you!
Sounds like hes in a pretty traditional relationship. I wouldn't knock that. If they had 4 kids together, its probably working. There is a lot of security in knowing your husband is spending many hours every week creating multiple income streams for your family, shes probably happy to wash his clothes.
A couple months ago I realized the first thing Kevin and I had in common was playing Runescape. Today I learned the last time we both made change was when we worked at Jamba Juice. Hopefully that means in a few years I'll be a multi-millionaire.
@@NickSkye i agree. laundry and vending machine businesses are those kind of shady businesses that i feel you cant trust employees enough to run around and collect coins for you, too easy to get swindled unless you collect it all yourself. Not saying a traditional cashier register employee wouldnt but it feels like that happens less because of employees switching shifts and sales records they can easily track if an employee did that during their shift. and if scaleability is measured in how much you can reasonably drive around town collecting coins from each machine then theres definitely a cap on it. millionaires and billionaires arent concerned with employee costs because thats all taken into consideration already so being worried about having a few employees is small picture thinking.
A dude at my Church bought a run down laundry mat ( one at a time I suppose ) in all four corners of our town. Slowly as the machines conked he replaced them with big machines that you can stuff full. That makes people think they are getting their money's worth. He has good drink and chip machines and comfy chairs and tv's for folks to watch too. He also has an atm type machine thing you can get a card that has "wash money" paying by debit, cash and or credit. We always have a few cents left making sure we come back to that place. We have our own washer and dryer at home ( thank God ) but for big once or twice a year things like cat barfed comforters and such ( lol ) we always go back to that one. One of the most important things that keeps us going back is that he has a man there making sure no one messes with anyone. That is very important to the women that come in there. Ya need to feel safe. I've seen him run out scroungy folks that were in there pestering folks for money or begging for soap. I'm just grateful for my inside laundry room I had to do it on a porch for 30 years.
Hi Lauren. I just watched your video( Watched yours yesterday too) I saw you just say to you are so precious my darling you and your family are just adorable I have to tell you I just love you all... I started watching Kevin first when I first started staying home orders From the governor I really enjoy your information I love how you deliver it because I Agree with you hopefully something good will come from all this and I was laid off my job in March at a hotel and I’m going back next week it’s very slow no customers at all it’s just hard to say what’s gonna happen next I’m gonna keep up with you and Kevin and thank you so much this is Caroline ❤️ I look forward to seeing you in the next video
Don't forget that each one before 1964 is 90% silver and they're worth more than $0.25 each! They are actually worth around $3.00 each! Find out more at talkaboutcoins.com :)
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
Dealing with laundromats is infuriating at times when they aren’t staffed. I’ve had way too many that don’t supply proper water supply and don’t actually clean your clothes properly. Dryers that don’t have proper heating elements never get warm. I guess I’ve spent enough to buy a washer and dryer over the last 10 year. My biggest issue was knowing I was planning to stay were I love long enough to make that investment!
You aren’t the Laundromat owner imagine how frustrated they get when their machines don’t serve you right.. or when customers treat them like garbage even while trying to help, change your attitude little teddy bear
when police started using algorithms to do reduced force mobile policing by guesstimating where crime would likely happen -laundry mats were the highest risk
![Quando Rondo - Grow Up [Official Music Video]](http://i.ytimg.com/vi/8zFnCg3BO4Q/mqdefault.jpg)
You're an inspiration Kevin. Seriously, you make time for your family, and Lauren. Showing that you can "Have it all" I'd love to see a video where you explain how you manage a work -life balance. You obviously work a ton, but you still include your family and seem to have a great relationship. Seems like most people value one or the other, I've had my share of not making time for an s.o. because I'm working all the time, how do you do it? Thanks for the videos and your course is awesome!
That’s a good idea!!
I love How humble you are Kevin !! Please stay humble !! This makes your videos 1000x better than your friends ...
Yesss! I’m dying to know how you stay so productive and consistent with all your responsibilities!
Yup. Unfortunately we can't all be millionaires, the economy & the world don't work that way.
the modfather not true!
If I closed my eyes and imagined what a laundromat owner looked like, it would be this guy
Hahahaha
Nicholas Wise 😂😂😂
Pretty much, but in my mind he has a thick European accent 🤣
He carries a piece, too.
Asians
My mother worked at a laundromat when we first arrived in the states 20 years ago, I spoke to her a few days ago about what businesses she’d like to open up if given the opportunity and she told me she’d love to open up a laundromat. Now its 4AM and I just got off a 14 hour shift at this meatpacking facility, and I suddenly come across this video. I loved the amount of information you guys provided in this video, can’t wait to talk to my mom about it in the morning. Thank you for the knowledge! God bless.
Cool bro
Feedback what your mom said? 1 month later do you have a laundry mat? I always wanted to buy 1 aswell because the laundry mat basically runs it’s self
Hi Gino! I hope you've bought your laundromat!!
Hope you know about Danny the laundry King. This is one of his students. Hope you found one and are doing wash and fold. Make money 🤑🤑💰💰
Graduated highschool in 2009. Worked a dead end job for a few months and saved a bit of money. I went and bought a couple of those quarter vending machines. I would usually place them in break rooms or barbershops( parents would give the kid a quarter to sit in the waiting chair and shut up with the candy). After about 6 months I had built up a small route making about 150$ a month profit.. Started to look at soda and snack machines to expand.. Then had a falling out with the parents who decided I couldnt stay the agreed upon 2 years after graduation and I became homeless and lost it all.... Now i am married with two kids and while still working a dead end warehouse job I have felt the joy of counting the cash from a venture I started and still have the dream. Your videos have kept my inspiration alive. Thank you for your content.
I pray for your success brother.
Update?
I feel man. So many big dreams but working a dead end job to support my daughter
The day you turn 18, your parents can put all your stuff on the curb and tell you to get lost. You should have remembered that and let them win the argument instead of trying to be right. I grew up with someone like that, always wanted to be right and argue with his Dad, and 25+ years later, he is still a loser. Were you working additional jobs in addition to your $150 a month profit vending machines? You should have been.
My family had a laundromat for several years. One thing about the “Out of order” sign was that Dad used to put a sign on working machines during the quiet months so that he could control what machines were used. It also meant that when the place got broken in to (which it would happen from time to time), not all the machines would be robbed (and broken) as the machines that were ‘out of order’ wouldn’t have coin collectors installed (this is before CCTVs were commonplace).
Not sure if that’s the case here, but it worked for him.
I have always believed that the business holy trinity would be a single building with a
1. Liquor Store
2. Subway
3. Laundromat
Every weekend would be a pay day.
There is nothing holy about a liquor store!
There's actually a business in my city that has this. They aren't all apart of the same business though. Th liquor store is attached to the gas station and the laundromat is located next door to the gas station.
I think a laundromat with a coffee shop would be good. Shared seating. And people wait for laundry, so they might likely order a coffee.
@@Michelle-pn9xt Well Jesus did turn water into wine
The old holy trinity was a
1.Blockbuster
2.Little cesears
3.laundromat
OK, I own two laundromat. Passive income is BS. Keeping these machines clean, your storefront clean, keeping machines running, is not passive. I haul in 10x what this dude pulled in, but I will never in a million years call it passive. And get a coin scale. I can weigh $500 in quarters in 5 seconds. And the machines in this video are old & inefficient. The storefront could use a lot of cleaning also.
I think you could get paid as a Laundermat guru. You’re welcome. Don’t send me my commission in quarters, tho. And kudos to you btw.
he has a person clean the store front and he does the little maintenance he need to do himself or has his brothers company fix the machines... and he makes way more money on RUclips with his coin counter than YOU do with your 5 second bucket ;-) he just made a video recently and I think it was somewhere around $30.000 from RUclips counting his quarters... so do you think he has interest in changing to a "no fun bucket weight"?
Larry Singer Thank you for sharing.
@starshipeleven guess you are as clueless as you seem, maybe watch the video I told you about instead ;-) and he is not the only one I know about that makes a healthy load on YT
Jesper Andersen yeah I'd have to agree I don't see that business being successful long term... ESPECIALLY Not if you don't wanna invest anything yourself. He'll make money of youtube but you do that with anything that racks off views (say for examples I make a lemonade stand. And post it to youtube it get millions of views I'll be making money for thst stand but not from the actual stand itself.. I just don't see this guy's laundry mat being good
"oh its zero dollars, just have a friend with 40k"
funkydiscoduck I’ve bought $100m in real estate. I sure has hell didn’t write a check for $100m. Getting loans is part of investing and not something that’s difficult or some “catch”
Doesn't have to be a friend, you just have to know how to write a proposal showing how so. Rome else can benefit for giving you the money
@@codycast The point is not that he took a loan, it's that he got the downpayment and capital to make improvements from a friend who invested as a partner. It's very difficult to find an investor to put up all the equity and to get the seller to hold the paper on the investment.
@@jman7719 That's most certainly not the point. It's rather evident that OP just saw the title and thought it was a 0 capital down, money profit machine.
@@codycast How do you make yourself an attractive prospect for someone to lend to? I'm a sole proprietorship, no debt.
I seriously hate apartments without their own laundry facilities, one of the most important things to me when I plan on renting a place to live in is that is has its own laundry.
I hate apartment laundry rooms. They never have enough machines and youre always waiting for people to finish. There are way more machines at laundromats and theyre faster and more efficient and about a dollar or so cheaper.
My father owns a laundromat in California and there are some things that we have learned along the way. Look for a used laundromat that you can catch a deal on buying new is very expensive and the machines will have issues usually right as the warranty is up. Less is sometimes more, yes more machines will gross higher sales but the water and gas bills get expensive especially in CA "the use of dryers actually lose money", also the additional cost for maintenance for the repairs of more machines really adds up. Unless you yourself plan on being at the laundromat all the time you need an employee there constantly, crime and vandalism will get out of control if not. Also ourselves as well as other laundromats in the area have noticed decreased retention rate of customers, there could be a lot of factors, but I personally believe that people having the ability to buy used washers and dryers from online marketplaces for basically the price of what it costs to do laundry for a family for a month at a Laundromat. All in all trying to run a business like this in California is not easy, it has been a lot of sweat, pain, and tears and he has been making a small profit on a monthly basis, but his Business Loan will be paid off early next year and it will be well worth it.
Where in Cali?
@@MeetKevin Rialto
Could make for an interesting video!
Meet Kevin id love to see this happen. Daniel, please collaborate with Kevin :)
Yes, make the video in Rialto. It could be done in one day Kevin. Leave Ventura in the am you could be back in town for dinner.
I have 3 laundromats, sold my single family houses (30). Never looked back. To this day I also have not paid one dollar for the laundromat. If you can fix the machines and are handy, best buisness ever. Great video!
Interesting...could you go into more detail
@@SergioB-MakingMillionaires I look for a run down business in a good to great location. Then I'm able to low ball offer. Laundromats are great because most dont keep track of income. Hard for them to show a income statement. Unlike this Ohio place my places pull in 3 to 5grand a week. I spent the first few years of my real estate career paying off properties. Then I use the paid places as collateral for the down stroke. Hence no money, I have a 1mil line of credit at bank. You can also refinance once fixed up pull you money back out, if you find Meet Kevin's wedge type property. I plan on posting some videos of my mats next week., I'll go more in detail. That why I love Meet Kevin he gives spot on advise. Some of this stuff took me years to learn. I really dislike the guru that misleading young people like you astray.
Following Keenan ! Holy shit dude lol that’s amazing. I’m 22 and I want to get into the real estate biz to make millions, in currently working toward Executive Protection, so I can make some big boy money to fund my real estate biz. Im a big guy taking jiu jitsu, so soon I’ll be able to taste the sweet life 😉
3-5k per week in quarters...idk man I’m calling bs on that one
@@LAC32Griffin I know it's crazy that why I got out of the little houses. How about in my next laundromat video I'll show my tax return for last year. Heck I spent around 65,000 last year in just utilities for the laundromats.
Laundromats , carwashes , and mini storages are all dependent on the location. So that can effect profit greatly.
My father inlaw had one and it was a huge mistake. It was in a small town and people trashed it all the time and the car wash bay was always left open and froze. Machines always broke down. The city tax was ridiculous and when he tried to sell it last year he couldn't even get 5k and it still had 3 other store fronts. So small town that is dying and everyone is worth less do not take the risk. It ate up so much of his time opening and closing, fixing everything, i helped alot too and it ate up money. Only thing it was good for was a tax write off
Anyone that has the knowledge and skills to make a key from a picture would also have the skills to open it in 10 seconds without a key.
LockPickingLawyer would have this place drained in seconds.
I used to park on the street in downtown Manhattan often. Had various cars broken into several times. No picking going on. You could tell all they did was put a flat-head screw-driver in the key-hole and bang it good with a hammer.
@@FlowtnWitWalden Yup down and dirty is quick and simple. My favorite was a spark plug. Watched my boss use it to get into a junker that was locked up. Of course if I did that I'd have a very pissed off customer. Honest truth is when I was working as a locksmith I'd would almost never pick a lock unless I had to. It's almost always quicker to bypass a lock. Got a call from a woman who locked herself out of her house once. Usually it's $95 to get in. Whoever built the house was a complete idiot, one of the worst jobs I've seen in door fitment. I slipped the latch in less than a second. She was shocked. Once I explained why I was able to get in so fast she had me go through the whole place and fix 4 exterior doors and 15 interior doors. Ain't nobody getting in there without either a key, picking pins, or destructive entry.
@@richardcontinijr9661 Oddy enough some dude just butchered the laundry machines in my apartment building to get the coins. He got in........a young cop ran him down. Now he's in jail. Again. It's really easy to get into these things. He just pried them open with a small crowbar like they weren't even locked. Of course the machines need new drawers and locks now. Not cheap.
We own 3 use to own 6 it isn't easy like they say. 24hrs of care ,people calling,robbery, break ins a d tearing up equipment.
These asses showing money on utube put all us owners in danger. I am going to try to get this off
I was literally looking at a laundromat business a few weeks ago. A friend of mine is making 12k a month absolute passive income. The cap it takes to get going is insane but this video gives me hope. This is recession proof
Keithtric Cottrell Is this before of after all the bills are paid like rent, electricity, water and such?
What about now, since COVID?
This guy really said he's only done laundry like 3 times in his adult life.
I called up some investors, and said: "Hey, would y'all like to purchase a business capable of -laundering- -money- washing clothes?"😉
SC Fulmer honestly lol. It seems that way. All I took away from him was he knows someone that needs to hide money and he knows people that will work for free
Facts...The only people who buy laundry mats are people who need to make sense of cash and guys who look like that...Makes me wonder, what do they got going on in Ohio??
@@crowley_offcl if you watch Brandon channel you'll see your misjudging him
4 dislikes from people who can't make keys now
Or 4 people who don't own their own washing machine.
If they had just kept watching, they would've learned that they can just make cardboard quarters now instead lol
@@Joshua_Henderson surprised that would work
Lol, those crooks 🤭
It's so crazy people really do that!
Awesome video to watch! Very inspiring, I'm in the dry-cleaning business with a few stores and I'm now thinking about opening a laundromat. I would love to have a business where I don't have to go through HELL dealing with staff. Keep up the good work Kevin!
wow literally JUST started watching this guys videos and than kevin heads out and talks to the guy
Same here. Just started also. Mad random
@@Orlando609 Same here, the RUclips algorithm is getting a bit too good lol
Me too!
Haha same
Thank the algo for that
When I started my career in accounting I worked for a CPA firm in Manhattan. One of our biggest clients was a guy that started with one coin-op laundromat, eventually worked his way up to a bunch of them, sold off that business and started a hugely successful hedge fund. (Obv this is the cliff notes version).
I find it amazing how there are people that still use this kind of service. It would work only in big major cities in my point of view.
I flew to Ohio to checkout Brandon's laundromat and report back to you -- where should I go next?
I am glad someone finally mentioned the key copying. I was afraid to mention it...
Storage
New York
Custodial businesses are good. ATM business owners. How about Tesla owners that rent out Teslas. Self published authors. The list goes on.
Funny that you went to a laundromat and discussed needing repairmen. There's a great guy named Mike Sneed of Sneed Appliance Repair in Clayton, North Carolina (callsneed.com/Home.aspx) and the Appliance Boot Camp RUclips Channel (ruclips.net/channel/UClDhN_npSkbGmPBEowIfj9g) that trains people in appliance repair. If you feel like discussing how to run and maintain a laundromat, hit up Mike (callsneednow@gmail.com
). BK
I'm glad that you brought up the thing about people making physical keys from photos. A LOT of people are unaware it's a thing.
Haha good timing on this.
I have 11 airbnbs and the laundry expenses are crazy, was just talking to a business broker yesterday about a laundromat that's for sale in the area, then this video gets posted.
After owning laundromats for over 11 years... You do not count money in front of people
The laundromat I use to go to used cards for the machines. Deposit money in one machine and get rid of the time it takes to get all the quarters!
The laundromat by LAX uses cards, too. I guess it's a security from people busting into the quarters.
Card laundries don't do well in certain markets, plus there's a lot of fraud with those cards.
His machines are too old to convert to cards except for three washers I saw.
You remind me of a real estate Ryan Reynolds and it’s freaking me out maaaan
As a Laundromat owner/operator. I have to tell EVERYONE that a Laundromat is FAR from PASSIVE. There is a whole hell of a lot to running a laundromat than collecting the coins. Believe me!
Absolutely. I have a 1200 sf bldg with 11 washers and 6 driers. I am having to do some major renovations from vandalism but before that the store was running a profit.
I do taxes and I am so glad you explained about how cheating on taxes can hurt you, more than help!
Agreed!
@DaToNyOyO i agree taxman only finds out if u report dude other then that IRS is grateful just to have you pay anything.
Gotta watch those leather jacket guys, they're hustlers lol
Ivan yeah they are 😂😂😭😭
Yea, he looks like so many scammers I have met
Ivan Gurrola facts
@@04dram04 both legit businessmen.
This is hands down the best channel on RUclips and I always watch til the end bc that song is a bop
"just have a friend with 40k" I need one of them.
I love that "screw it, let's just jump in" mentality. But it also terrifies me, even when i have the numbers that tell me, yea this makes sense. The hardest part is going to other people for help or hard money. I have a hard time asking someone to lend me $20 bucks, let alone $20k. I know I'll probably get it, but I feel like i don't deserve it.
I gotta say. If you actually ask. That is literally you thinking you deserve it already
I'm just commenting to boost the channel's algorithm 🤣
I'm just replying to help out with community participation.
@@evanchi9460 🤣❤
Evanchi shit I’ll help too
:)
@@FroskiTheBroski 🧡
1:40 FYI Kevin, actually the cleanest toilet in a restroom is the first one. It's used less because most people go to the last one for more privacy.
@LagiNaLangAko23 I typically take bleach wipes in my purse when I go shopping and I clean up the mess around me before I leave the bathroom. I wash my hands too.
Graham: I have a $0 Tesla
*Kevin: hold my laundromat*
Cherry Tung - Finance & Fashion lol
@@gabakusa haha
@@cherrytung 🤣 You're cute
@@syguzman5739 🤣🤣
Best reply!
I love how murica people always says 0$ something something. And it's just other people money, not yours.
Is that too complex of an idea for your non American mind??
Murica people? The only kind
Meet up between Kevin & Graham:
Graham: you want to try my $0.20 iced coffee?
*Kevin: No, I have $0 mine*
Wolf of Dubai Stocks Investing Channel It’s just simply not funny when there is incorrect English used.
@@benflippin5070 fix your sentence first, then.
dizzitube84 Where’s the error?
@@benflippin5070 figure it out, asshole. You are the syntax critic.
dizzitube84 Says the idiot who doesn’t capitalize the first word of his sentences.
Wouldn't bother to make a key out of a picture when it would take me 30 seconds to pick that lock
For some small crack change too 🤣 no one is going to bother traveling to this location for $2.75 off one machine 🤣
This guy is KILLING the RUclips algorithm.
Not to mention the $8k in coins he gets regularly 😂
I did the math, it looks like 2,130$ a month
You dressed correctly; the weather in Ohio is usually that cold late December, January and February. November, October, and March and April are usually 40-50 for highs and 30-40 for low. It was just really cold for November. However it does snow sometimes in October and the latest I've seen is Memorial Day weekend in May. Those are once in a lifetime though.
Come to the Pennsylvania/MD border. I own a trailer park, laundromat, 3 storage lots and 16 apartment buildings totalling 42 apartments. I'm 33 and I started this 8 years ago. I use to work at FedEx delivering packages for $466 a week. I purchased my first piece of land in 2011 and zoned it commercial and leased it out. I still own it today. It's leased by AC&T and they pay me $150,000 per month on a 50 year lease(they wanted a 99 year lease which is the maximum allowed in the state of Maryland).
Blows my mind, seeing you 2 together. Great job guys.
$70,000 loan + $40,000 loan = $110,000 loan
How is that 0 risk? He has to pay back the owner and the investor and if some machines crap out, then you are in the hole. Sorry, maybe I misunderstood the deal
I wonder how his business is doing with this going on😔Learned a lot from this video!! Thank you 🙏🏽
This is what I was thinking too. I recently saw a lot of laundromats for sale. Much more than what is usually on the market.
how can anyone dislike this.....smh , kevin you gonna help me actually not be poor any more...love ya energy and ya go getter attitude man.
Here in Illinois it’s about $8 a load, I’m sure they’re laughing to the bank
Are you in Cook County?
*Crook County
(lived here in Chicago my entire life)
@@briansierzega 🤣 You can buy the judges if you've got the money!
Sy Guzman Ha! Right!? I hope to never be in any position, good or bad, to have to pay off a judge! But that’s just me...lol
A lot has to do with the cost of utilities-water/sewer, electricity, and gas plus taxes. I have a laundromat and our water bill in our town basically doubled the base rate in about one year. I am in northeast Texas area.
A Laundry is where people meet. Good. A laundry is where people need to do urgent stuff. Good. The laundry is cheap. Good. The laundry has ample space for more stuff, one can sell there. Good. The machines are old. Better than one may think - it might be easier to fix than high end machines.
Kevin, your content and videos have been so informative and great lately! Keep up the awesome work!
You guys sound as if you are really good landlords, I know because I've had slumlords who just want the money and don't care at all about the tenants. My husband was disabled and we couldn't get a lift next to the steps so that it was hard work getting him in and out on a regular basis. Thank you for understanding tenants problems.
That's cool you watch his channel, I came across Brandon's channel a few months back and it's been a joy.
Why would an owner of a low maintenance laundromat sell the business?
...still don't understand how he's making a profit when he's still approx 40k in debt for loans that he has yet to pay back.
You don't have to pay back debt as of 2020 I heard
The laundromat is making more than his payments are for the debt. He just profits what's left while also paying down the loan.
The 2nd floor apartments basically make the payments for him.
Its not 40k its 110k, 15k down payment 25k rehab and 70k financed from previous owners. If he pulls in 3k per month in profit it will take him 4 years to pay off the princable and another few years to pay off the interest. Its a 10 year investment....
Trojanette83 he’s praying that we elect a socialist and his debt magically goes away
In Canada you cannot kick out non-paying renters in the winter. If they work the system and the rules, they can live rent free for 6 months and the landlord ends up holding the bag.
I bet he’s really “cleaning up”; practically “laundering” money!
😂😂😂 I couldn’t help myself.
Dad jokes done I promise.
If you shoot the idea down in your head you lose . Anything is possible!
Thanks for comments dont forget to hit the subscription button
+①④①②⑥⑨⑤⑥③④⑨............
ᏯᎻᎯᎿᏕᎯᏢᏢ ᎷᎬ.............................
Kevin, seeing as you’re stepping out of just real estate, go check out someone doing a micro greens business. I’ve seen videos of people on an acre or less pulling in $300K+ a year.
What’s micro greens
As in veggies and herbs that are small in volume and grow quickly.
Look up on RUclips “$10,000 a month growing micro greens in a basement!”
@@MeetKevin micro greens are simply a step beyond sprouts...you take lettuce and leafy green seeds, germinate them in shallow trays til they begin to develop some chlorophyll and leaves, then you sell them to markets & restaurants.
They are rapidly grown and harvested within days, rather than a fully mature lettuce. You dont need soil and can grow in confined and vertical setups.
I have a few of those videos on successful growers saved to watch later but i dont know 1st hand how well people usually do.
These interview episodes with other investors are always great.
Why is everyone only commenting on Kevin, guys, Brandon basically seems to make income without a penny of investing himself by just being an amazing businessman and having awesome connections, that's what I call motivation 😂😂
love how this man.. this man right here. got the actual greatest joy.. from simply taking quarters out of washing machines. That right there.. thats hilarious and awesome
Hi Kevin, I would be curious to know how this guy is doing in a recession/National Coin crisis, would you make a video on it?
I'm told i'm the reason for thet shortage
You took a loan you spent money. If it fails you will have to pay that back. Not passive. Upkeep on the machines, cleaning and maintenance on the building.
Back in the 80s I was asked by an owner t help empty machines an it took 2 grown men to carry full boxes of quarters lesson learned 😋
I was once on a team that was going to take apart a laundromat for a bank .People go to laundromats change the one they go to in a heartbeat. One month you're making money and then the next month you're not making anything. if your rent is reasonable tenants don't up and move every 10 days. But laundromat customers will.
I don't know. There didn't seem to be that many quarters in there when you have to factor in rent, electric, maintenance and equipment replacement, water bills, insurance, interest from the loans, taxes, etc. Even if you make a profit from this, it seems far from passive investment income.
he collects every three days, he also didnt collect vending or the soap machine and such, he only did the washers far as i could tell
And if you listened in on how it's one of his fav write-offs you'd understand he's steady winning
Also in a rental property in your laundry room I think it makes sense that if you do not supply a washing machine you have a drain in the floor so that if the tenants go out and buy a cheap rubbish machine that leaks everywhere you're not faced with hundreds of dollars to repair the soggy floor, its just unfortunate that it would cost you so much money to put in a floor like this, money you probably wouldn't want to spend in the sort of working class areas that have the best rental returns.
I watch the other channel as well and it was pretty Kool you doing a behind the scenes and asking him extremely important questions that makes and average Joe wanna go out and and start hustling....
Yep- it's like my grandfather told me long time go- it's always the boring mundane business areas that make money- the stuff that people gotta have (needs vs wants) the things that people don't want to do - chicken farming, laundry, garbage collection (waste management-wayne huzienga), janitorial etc. toll bridge operators (you have to pay them). i'm still trying to figure this out.
"I'm not above doing any work myself" but "I have only done about 3 three loads of laundry in my adult life".
That mid-west sense of humor
@@Michelle-pn9xt These " ", are quotation marks. I was quoting what was said in the video, watch the video and you should get it.
yooo kevin, this quarantine i'm learning a lot!!! all thanks to you Love and support from barcelona, we are lockdown since 30 days and the government is telling us to keep like this until mid-june. good luck in america with the massive debt. and dont stop making videos!! cheers
I love videos like this Kevin. I always like it when the good, down-to-earth people share their slice of life videos.
All about solving problems.....agree you gotta be willing to do Anything to succeed. Nothing is too much "hassle"
Our laundromats now take card. It saves on people stealing coins all the time.
How much do you spend a month , 100 bucks.. does the place you live have washer and dryer hooks up, If so, scrape together a couple hundred bucks and buy a used set on market place. If it does not then search for another place that does and increase your rent by the amount you spend per month. You are better off saving money than spending tons of money over your life to a business that is in it to rip you off. Put it this way if you spend 1k per year washing clothes at a mat in 30 years you would have spent 30k in laundry or you could have saved the same amount about buy your own place.
This also may work for a place with no hook ups... If you do not have hook ups then this is only 140 bucks off amazon....
Portable Washing Machine TG23 - Twin Tub Washer Machine with Wash and
Spin Cycle Compartments by ThinkGizmos
As a former owner of a vending business (arcade/pinball/soda/snack machines) I can tell you that's not a lot of coin there AND it's just the best part. The other parts of the job are hard work. Refilling product, fixing machines that break constantly, moving machines, etc... I had 47 machines on route at once. You can make money but it's not all gravy it's a job like any other job.
ALL respect was lost for this tool when he said at his age he's never had to do laundry in his entire adult life...
You two beta male dorks can't imagine a nuclear family.
@@dizzitube84 that's ok they hate themselves so only hate on successful people
So as a different perspective he does not invest in the business concerning equipment but says that this is for the
Community? Wonder what the community says about "out of order" signs and the "value" the business brings to them?
It is alum lord mentality. I am a business owner and get pushback from some business owners because I pay people a living wage and do not "squeeze" profit out of the businesses I run but create value and service for customers which always has lead to higher profits for me not short term but on a continuous basis.
While people I know that skimped early on to wait and see if the business was viable got a bad reputation in the community and when someone like me comes in and provides service that respects the community they instantly lose that business.
I agree man this is aiming too low to slum lord level.
The business failed you can’t find it in the businesssearch.ohiosos.gov/.
Nope still going strong, we have $100k+ of equipment on order, just waiting on the factory to deliver it
Loved the video, very informative. I’m a bit of a perfectionist so I just noticed you kept looking at the camera when talking to the guy and it just made the video feel a little less connected, like if you guys were just talking like a normal conversation and we were a fly on the wall I’d love that until you ask a question or make a point to the audience. Great video again just something I noticed being anal retentive😂😂
...I was 21 in1990 my very first business was a Wash & Fold Laundry Facility with a drop off service and a snack bar in San Jose, CA. The maintenance was a tad pricey unless you had knowledge on fixing things or were cavorting with a handyman/mechanic really helps. Kept it for 7 years, sold it for a good sum and bought 2 condo’s in PDX and a small strip mall in Bismarck, ND.
Great Video 😎
I bought used electric dryers for $60 each from a huge apartment community. The owner just wanted them out. I was able to fit 10 or 12 in my van. It's amazing how many quarters a 4-unit brings in with one washer and dryer.
I was ready to dislike because I thought he was about to throw shade at Investment Joy. Then I saw he's in the video.
I know a lady who runs a laundromat in Los Angeles. Not as easy to run as the one in this video. This laundromat owner has multiple employees changing shifts every 4 hours and they have to be careful with folks always trying to come in and scam. Either way I love the hustle in this man work ethic. What impressed me was that he was willing to work with landlords to cut rents during the Great Recession to help tenants . At the end of the day tenants get a place to live and your mortgage keeps on getting paid a win-win situation.
Cool mindset by helping each other in the same community instead squeeze someone
Helping, Not really, More like ripping them off. The cost of doing laundry at a place like this will cost you well over 1k per year when you can buy a nice used set for way less than 300 bucks.
The days of laundry mats are coming to a close. As prices of units are way cheaper.
@@kameljoe21 there's a lot of people who rent. A lot of Rentals dont have machines included, or machine hookups. A lot of apartments dont have laundry services. Laundromats will still be around for a while.
@@spatdog7 That is not 100% true, All new rentals and even a huge amount of them have hooks ups.
Even your dirt cheap trailer houses have hook ups from the 60s and 70s. Yet you say rentals do not include machines. Like I said you can get used units for pretty cheap. Even if you do not have hook ups there are a huge line of portable washers and dryers today. Dryers as low as 200 bucks and washers for as low as 100 bucks, I good set might run you 4 to 500 bucks for a small apartment.
Making up excuses to pay a laundry mat and keep you poor is the only reason why people are still poor.
Laundry mats are designed to profit from your inability to think smart, The same goes with those who shop at the dollar store.
Get out of your bubble and do some damn research and see how much you can save buy investing a small amount in to your own washer and dryer. It only takes seeing the savings to make that leap to get a set.
I love Investment Joy. What a great channel. Collecting and counting money is oddly satisfying!
Literally watched this guys videos like a week or two ago
Same. Place look familiar when Kevin enters.
I just want to let you know your making a huge difference with your video so far I have applied for a real estate license course and motivated me to start getting passive income as well I have a trash credit score that I’ve actually been able to improve substantially just by watching the vids I’m a stay at home dad of two so it’s been a hell of a ride and I’m sure with the help of you I will be on top of the world in the next 5-10 years thank you so much for opening my eyes lots of love from Canada Nova Scotia you are definitely an inspiration and my role model see you in cali ten years from now I will be there mark my words brother thanks again I appreciate you!
Thanks for comments dont forget to hit the subscription button
+①④①②⑥⑨⑤⑥③④⑨......
ᏯᎻᎯᎿᏕᎯᏢᏢ ᎷᎬ.,,,,................
Washed clothes 3 times in his adult life?? No respect man. That's pathetic
Sounds like hes in a pretty traditional relationship. I wouldn't knock that. If they had 4 kids together, its probably working. There is a lot of security in knowing your husband is spending many hours every week creating multiple income streams for your family, shes probably happy to wash his clothes.
What's more WHY would you broadcast that?
@@trojanette8345 because it is ironic that he doesnt wash clothes, yet owns a laundromat.
@@Justaguyyoutubin Really. Go Figure.
@@trojanette8345 Be honest, it was a stupid fucking question. Lol.
A couple months ago I realized the first thing Kevin and I had in common was playing Runescape. Today I learned the last time we both made change was when we worked at Jamba Juice. Hopefully that means in a few years I'll be a multi-millionaire.
I've never wanted to open up a laundromat and I still don't. But very cool video! I'll stick to single family homes!
Nick Skye Hoyt you should probably diversify from single family if you’re wanting to create a large amount of wealth
Jasey Smith I plan to diversify. Just not to laundromats but different businesses and such.
@@NickSkye i agree. laundry and vending machine businesses are those kind of shady businesses that i feel you cant trust employees enough to run around and collect coins for you, too easy to get swindled unless you collect it all yourself. Not saying a traditional cashier register employee wouldnt but it feels like that happens less because of employees switching shifts and sales records they can easily track if an employee did that during their shift. and if scaleability is measured in how much you can reasonably drive around town collecting coins from each machine then theres definitely a cap on it. millionaires and billionaires arent concerned with employee costs because thats all taken into consideration already so being worried about having a few employees is small picture thinking.
Informative video. Definitely reaffirms my interest in investing in laundromats.
A dude at my Church bought a run down laundry mat ( one at a time I suppose ) in all four corners of our town. Slowly as the machines conked he replaced them with big machines that you can stuff full. That makes people think they are getting their money's worth. He has good drink and chip machines and comfy chairs and tv's for folks to watch too. He also has an atm type machine thing you can get a card that has "wash money" paying by debit, cash and or credit. We always have a few cents left making sure we come back to that place. We have our own washer and dryer at home ( thank God ) but for big once or twice a year things like cat barfed comforters and such ( lol ) we always go back to that one. One of the most important things that keeps us going back is that he has a man there making sure no one messes with anyone. That is very important to the women that come in there. Ya need to feel safe. I've seen him run out scroungy folks that were in there pestering folks for money or begging for soap. I'm just grateful for my inside laundry room I had to do it on a porch for 30 years.
I used to do this for newspapers. No.. it never got old to walk up with a key and dump 20 bux in a bucket.
I feel like I've seen a video with this same laundromat before.
we both did ruclips.net/video/E4PytNSt_QA/видео.html
Hi Lauren. I just watched your video( Watched yours yesterday too) I saw you just say to you are so precious my darling you and your family are just adorable I have to tell you I just love you all... I started watching Kevin first when I first started staying home orders From the governor I really enjoy your information I love how you deliver it because I Agree with you hopefully something good will come from all this and I was laid off my job in March at a hotel and I’m going back next week it’s very slow no customers at all it’s just hard to say what’s gonna happen next I’m gonna keep up with you and Kevin and thank you so much this is Caroline ❤️ I look forward to seeing you in the next video
Don't forget that each one before 1964 is 90% silver and they're worth more than $0.25 each! They are actually worth around $3.00 each! Find out more at talkaboutcoins.com :)
LMFAO
no...
Love seeing videos like this. I'm hoping to open up a laundromat in the future, I love side hustles that can be somewhat passive
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
People remain out of ignorance
People are scared of investing because of the high rate of scam in the business
Yes I'm a living testimony of Mr Brocks
Mr Brocks has changed my financial status for the best. All thanks to my aunty who introduced him to me
Mr Brocks is obviously the best, I invested $3,000 and he made profit of $28,000 for me just in 15days
Dealing with laundromats is infuriating at times when they aren’t staffed. I’ve had way too many that don’t supply proper water supply and don’t actually clean your clothes properly. Dryers that don’t have proper heating elements never get warm.
I guess I’ve spent enough to buy a washer and dryer over the last 10 year. My biggest issue was knowing I was planning to stay were I love long enough to make that investment!
You aren’t the Laundromat owner imagine how frustrated they get when their machines don’t serve you right.. or when customers treat them like garbage even while trying to help, change your attitude little teddy bear
Everything was good until the owner talked lol
when police started using algorithms to do reduced force mobile policing by guesstimating where crime would likely happen -laundry mats were the highest risk