Investment Joy Laundromat Repair - What It Costs to Fix and Repair Laundromat Washers and Dryers
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- Опубликовано: 31 май 2024
- I made this video for Investment Joy's channel in early/mid January 2020. I decided to re-host the video on my channel, too, since the content was interesting. The audio isn't the best, as this was an early video I made myself (and that's not saying I'm a lot better now, but I digress).
Fixing one machine at a time is one skill, but what happens when you may have to look at 10 or 20 machines at once? Are repairs more expensive for these longer-lasting machines? Is it difficult to repair these machines vs. traditional machines? 
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Really enjoyed this video. If you need any parts from Ben, he is very prompt in shipping out your parts and the prices are more than fair. 5 Stars ⭐️
Thanks!
Great video Ben!! I'm glad you uploaded to your channel. I think you should also upload the video on your rental property damage assessment and repair.
Good idea!
Watched this video on RUclips TV...Really fun to watch! Thanks Ben! I never could understand how a laundry mat could ever really make money unless you had a super nice place And could fix everything yourself and have a dry cleaner in back And something else going on like tanning beds or something and also being a big enough building where you could rent out to other businessesAnd actually have your own business attached also
If you find the right location where you could have a donut/sandwich shop next to it or across from it, an employee could be paid to open it up in the morning and check on it periodically. Just an idea, which has nothing to do with Ben's great video.
With Laundromats, your money isn't made fully from the actual clothes washing part, its definitely the RUclips filming part (ha ha).
But seriously - Brandon's laundromats have multiple angles - there is rental property / apartments, the laundromat units, the vending machines inside, the machines outside, the coin game, then the laundry detergents, too.
I don't know if Brandon's done a big video on where the money comes from, but the laundry machines are only a small piece of a bigger picture. When people do laundry.... It takes awhile... And they're stuck there, so you can make more money from them other ways like snacks and the coin pusher games. Assuming they don't break things.
This way so cool!
I keep a large change jar where it’s easy for him to drop his change out of his pockets. Any paper money he forgets to take out of his pockets when I do the laundry he loses. That goes toward my annual vacation with my best friend. Altho, we didn’t get to go these last few years due to Covid. She & I are immunocompromised so it hasn’t really been safe for us to plan a trip. With health risks to consider & a few family emergencies… we are way overdue.
Hey big thanks. Am a owner too big thanks for your ideas bless you
I wonder if you could swap the housing between the expensive and cheap pump.
1. Gloves. Wear disposable gloves. People go to the laundromat to wash the nastiest stuff they have. A few years ago, I got a bacterial infection that required 3 operations to my rear end "poop chute". 💩.
2. Magnetic Dewalt swivel nut drivers. They are the best and only kind I use for this type of work. The screws stay attached to the but and don't fall down into the machine like playing Plinko.
3. The track the washers are in keep the washers from "walking " from the wall. People overload Speed Queens (and every other washer and dryer lol. ) and if one of the legs is not set right or gets unbalanced, the washer can walk away from the wall and rip the plumbing off where the water lines are attached and it will flood the basement. I always start by reaching inside the washer and lifting it out of that track to access the panel screws. There is no need to start a washer before panel removal. You can visually inspect the belt and many times the washer will work fine without clothes, but will not agitate or spin properly when full of water and clothes. The belt itself will tell you what part number is needed.
3. If you service Speed Queens regularly, you can use a Klein tools stubby screwdriver and with the bit removed, you can put the start bit in needed to remove the pump screws so you can just slide the pump off and replace the belt. This will keep you from removing the motor and having to drain water out of the washer. Lastly, Speed Queen has pump clamps on the newer style washers. Find some, save them when you scrap some or I have found that the pump is secured just fine with just 2 clamps, so you can save one each time and you will collect them along the way, put them on instead of those screws and you will thank yourself later. Wash on 🤘
Hi Ben, great video. Although one question. Isn’t that very low labor cost to fix all those washers/dryers?
Yes. I didn't know how valuable it was at the time and raised my prices after it lol
As I work on primarily Huebsch and now badged as speed queen I have done 100 belts and don't know why you would need to pull the motor. I just unclip the pump as it's often stripped or siezed anyway and the belt slips on, easy peasy. Labour rates up here run $80/hr.
What area of the country are you in ?
Nice video!
Thanks!
So what machine would u have so it will be easy to repair?
I’m surprised I watched the whole thing. This was awesome
I'm about to start college with a major in computer science (have 4-5yrs of school to go before I'm done for good) and I plan to live at home for a while with my parents (as they are fine with that) and save up money for a laundromat. I have heard good things about owning one and the idea of passive or semi-passive businesses such as a laundromat/carwash/self storeage interests me quite a bit. This is interesting to watch as I am not very handy, and would definitely have to hire someone for maintenance on the machines. Do you know about how often I'd have to expect maintenance on them? I know his laundromat is on the older side, but say mine was newer? The logistics of the maintenance costs is what confuses me the most about the whole thing, as I'd have to figure out how to find someone with fair pricing for repair on mine someday, and I don't know if that's realistic or if I'll have to learn how to do a lot of it myself.
I'd ask my brother, Investment Joy. He has way more info on those things.
Nice bro!
Thanks 🔥
I clearly understand why it costs so much for someone to wash/dry their clothes over there. The laundromat here just had the floor patched with new tile after many years of trying not to trip and fall from missing tile.
Great video! How many years do you except a profit from your laundromat investment? I've read the principle investment cost is around $200,000-$500,000
My brother owns the laundromat, not me. He paid almost nothing for it and got it owner-financed (I think). He has multiple spreadsheets on the P&L over on his channel "Investment Joy".
Principal investment on a newer laundromat + new machines is within those two numbers, but this one was pretty run-down, so the sale price was a fraction of $200-500k.
Are you going to do a video of you junking the old appliances?
What kind of video would you like on that?
@@bensappliancesandjunk taking them to the scrap yard
@@chrisjensen7721 that's disgusting. dont scrap appliances, unless they're all rusted out. Too many scrappers without brains running around throwing stuff away.
I knew you looked familiar. LOL I saw your brother and I meet Kevin video. you both almost look alike
Yep! We are twins!
Bens Appliances and Junk
I can barely tell you apart your voices even sound similar yours is a little softer brandon’s is a little harsher and he’s a little louder
This is the ultimate dichotomy: Those who can afford their own washer/dryers and those who rely on commercial machines. The latter have no incentive to treat the machines kindly.
What would have been the real labor cost for repairing those units if it was a regular customer ?
100-200% more
How to change coin settings on DDC4500T6WH stack able Dryer It GE dryer
Thank you
Never touched one unfortunately
You could shop vac the water out to service and avoid heavy lifting. ❤😊
Hey just you let you know, I cannot get all notification as it say it is content for kid. Maybe that is the reason why I have not been getting notifications about the new videos.
Odd. It should be set up for non-kids. I'll have to look into it!
Don’t know why anyone would say speed queen is good washer but me I would have to have the keys for every machine in laundry mat before taking the job
When is he getting new Washers/Dryers
I've asked him and he doesn't know. Coronavirus put a lot on hold for the laundry industry I think
Just pushing the timers in the coin box you won’t need the quarters
Homeboy said 445$ and he has 425 on screen.. lol
It's obvious this video was not filmed in the Chicago land area... It is $225 for the first 2 hours just for a to come up to look at a residential washing machine.
But Ee-Gahd: I was thinking about investing in a laundromat... And that power screwdriver to the coin box reminds me of the wet cement dumped down the toilet kaboshing my dream of acquiring rental property.
Brandon needs some new machine's.
2:40 - Don't change the video. Don't flip the shot, the writing on the machines is reversed. Why would you even do that?
It's how the camera angle was shot 3 years ago