MANAGEMENT FOR ABSENTEE OWNERS

COMMON QUESTIONS
Larry Larsen has over thirty years of experience in the ownership, management, operation and construction of Laundromats, a licensed California real estate broker, a member of the board of Realtors® active in Laundromat sales and a licensed insurance agent specializing in the sale of Laundromat insurance. To assist those investors interested in owning a Laundromat but who live in an area not considered to be a good laundry neighborhood, or who just don't have the time to spend on the day to day operations of a Laundromat, Larry has trained and made available for you the services of several honest, educated and experienced operators who can operate and manage your store. If you have a need for the tax benefits, but not the time, you can pay to have these people operate your Laundromat investment.  

A fair and affordable fee is charged by the management team and an incentive is built into the contract based on the profits of your operation. As you see your profits go up, so do those of your managing operators. It's a fair arrangement for everyone involved. However, some established owners or investors might prefer to arrange for a straight monthly fee for the management and not tie the success of their Laundromat to an incentive program or sliding scale of increased income. This type of service is also available. Now you don't have to wait until retirement to receive the benefits and growth potential of Laundromat ownership. Make a Laundromat or two part of your investment portfolio; it's a great business opportunity.  

The tax benefits are even more pronounced when you take advantage of the benefits afforded to an LLC. One aspect of a Limited Liability Company is that the proportion of initial investment does not have to be the same as how the income, losses and tax deductions are divided. This gives you, as an investor, the opportunity to take 100% of the tax write-offs even if you share ownership with a management operator or other partner. An LLC will may also limit any potential personal liability issues.

If you have an existing store, our management team can take over your operation. If you're new to the Laundromat investment arena, Larry Larsen, Realtor® can assist in finding you a store and arrange the management services so you never have to be concerned with the operations.

With the installation of a high-end camera system in your Laundromat you can sit in your office or home and watch your investment grow. For more details on this service, contact Larry Larsen at the "Email Us" link or telephone Larry Larsen at 714-630-WASH(9274).
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