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Where do you deposit your coin-operated laundry coins?

Discussion in 'Real Estate Discussion' started by RE123RE, Jun 8, 2016.

  1. RE123RE
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    RE123RE Inspired Forum Member Registered

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    Hi,
    TD used to have coin machines in different branches.
    They discontinued this service a few weeks ago, which was Free as long as you had a TD account.
    Where do you deposit your coins now? (or where will you in case you too used to do it at TD)
    Thanks
     
  2. KimAlex
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    KimAlex New Forum Member Registered

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    Safeway has coin machine, but there is a fee.
     
  3. RE123RE
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    RE123RE Inspired Forum Member Registered

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    Hi
    I think BMO is free up to $250.. If you have a BMO account.
    Thanks
     
  4. RE123RE
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    RE123RE Inspired Forum Member Registered

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    Hi,
    Interestingly no one knows or cares? :)
    Maybe there are just less members reading this forum than in the past.
    I mean like 1 in 10 investors has a coin laundry and should be interested in finding out :) no?
    Thanks
     
    Last edited: Jun 23, 2016
  5. SVS
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    SVS Realtor/Investor K-W-C and surrounding area REIN Member

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    Beer store...
    Just kidding, I just sit down watch/listen to a movie, tv or podcast and roll them up. Just do it at the end of every month. This is for smaller units, but if you have a huge apartment building, I would try and find a friends child and pay them to do it so you're not wasting time.
    Consider moving forward not having machines that only accept quarters because they add up quick
     
  6. ThomasBeyer
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    ThomasBeyer Senior Forum Member REIN Member

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    Plenty of homeless people that would love a few coins ..

    Best is to not use coins but pre-loaded cards as coins invite thieves that break doors down and machines to get $22.
     
  7. SVS
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    SVS Realtor/Investor K-W-C and surrounding area REIN Member

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    If using them in smaller building like duplex and triplexes, would it be cost effective to install the machine for loading these cards? I have never looked into it. Or is there a way to load these cards without installing a specific machine for it
     
  8. dplummer
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    dplummer Inspired Forum Member Registered

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    Staples sells a coin machine. Wrap your own. Go to the local grocery store trade your rolled change for paper money. It's a win win. :>)
     
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  9. InvestagainInc
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    InvestagainInc Inspired Forum Member Registered

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    Thomas,

    Which card operator would you suggest in Ontario for a 6plex or 14 plex?

    Thanks,
    Scott

     
  10. ThomasBeyer
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    ThomasBeyer Senior Forum Member REIN Member

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    Most laundry machine firms can give you a name or 3. Do you lease the machines or own them?


    Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com
     

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