Wasted Space?
It Could Be Costing You
Wasted Space is Costing Your Property Thousands
Transform Unused Laundry Facilities into a Revenue Earning Amenity
It can be easy to ignore a mini-gym your tenants aren’t using or a laundry facility that seems to be perpetually under maintenance. But, spotting the hidden value of your unused facilities is our specialty.
Not only are outdated on-site laundry rooms and rundown maintenance sheds unsightly, but they also lower the value of the entire apartment complex and result in poor branding and image for a potentially wonderful multifamily neighborhood. With Bradyl Storage Solutions, you can reclaim wasted space on your multifamily property and transform it into an amenity your tenants will love, boost your competitive edge, and even earn additional revenue.
Sound too good to be true? It’s not, and we’ve done it a thousand times over.
On-Site Storage Solutions for Business Growth
The Bradyl Bin is a modern approach to on-site storage. Offering a secure, stylish, and affordable way for residents to keep valuables nearby, Bradyl Bins provide your tenants the additional square footage they’ve been asking for.
The twist? While enclosed storage units are one of the most valuable amenities to tenants, there’s also something in it for you, the property owner.
But first, let’s explore how your present underwhelming or abandoned facilities may be costing you.
On-Site Storage vs. Outdated Facilities
Bradyl is dedicated to staying ahead of industry trends and anticipating the needs of property owners nationwide. To best understand what you can do to improve your bottom line, we surveyed a variety of apartment tenants to understand which amenities they valued most. Out of ten desirable amenities, additional on-site storage space was ranked the 4th most important amenity just below high-end appliances and above recycling and covered parking.
However, simply being amenity-rich isn’t enough for tenants. Your target residents are looking for a few things—not everything. Investing in a high-quality community storage amenity is better than several budget-friendly features.
Could there be outdated, under-used, or low-demand amenities that are taking up space, devaluing your property, and costing you tenants?
Years ago it seemed every multifamily apartment complex had a laundry facility which led to many property managers and owners to invest $150,000-$350,000 in an on-site laundromat. Now, if a tenant spots a laundry facility on the premises it’s just a red flag telling them they won’t have laundry units or installation options in their own apartment.
Trends die out, but the desire for more square footage of storage space will always be a priority for renters. Instead of riding the wave of every amenity trend, invest in an evergreen option that will be suitable for every kind of tenant.
If a previous on-site investment is no longer serving its purpose of providing for the community and raking in revenue- or if you have unutilized space on the property- it’s time to turn loss to profit with the Bradyl Bin.
Turn Loss to Gain With Bradyl Storage
Turning communal space into private use is a strategic way to make unused space profitable. The Bradyl Bin allows renters to claim extra space that’s just theirs in a way other community amenities like a laundry room cannot. Plus, collecting and depositing quarters from a dryer is no way to tackle budget goals.
Instead, consider secure storage units that generate monthly revenue. Our independent survey highlights that residents will pay an additional $5-$30 more per unit for Bradyl Bins™ compared to the other less private options. Finally, a property investment that will pay for itself in less than two years.
Besides turning a profit, Brady Bins are an extremely smart storage product that’s designed to require virtually no maintenance.
Here are the average monthly maintenance and repair costs for competitive on-site amenities:
- Pool- $700-$2500 per month (but can spike seasonally).
- Gym equipment specialists cost on average $100 per hour. Community gym equipment is replaced, on average, every 2-4 years and can cost thousands of dollars.
- According to Entrepreneur, a laundry facility can become a serious leak in revenue with repairs and maintenance ranging from 65 and 115 percent of the facility’s gross income.
Bradyl believes in amenities that earn you money. We take pride in promising a substantial ROI.
Affordable Luxury at Your Fingertips
It’s perhaps no surprise that the basement of apartment buildings – often seen as a dark, cold, dreary place full of cobwebs and no natural light – is one of the most frequently unused spaces. People typically see it as a place to store old items that have seen better days, but the basement – or any unused, covered space you happen to have – can be converted into so much more.
Bradyl works within your budget to help find the solution to optimize your space and meet your tenants’ storage needs. New construction projects operate on razor-thin timelines and Bradyl will ensure the addition of our units never interfere with the deadline. We have the experience to work with new construction projects to ensure Bradyl Bins are in place, secure, and ready when the facility opens. Our dedication to timeliness and quality is provided to all clients in both existing and new facilities.
Are outdated facilities scaring away tenants? Wondering how to profit from unused space? Connect with us today to experience the benefits of our cost-effective revenue-generating innovation.
On-Site Storage vs. Outdated Facilities
Bradyl is dedicated to staying ahead of industry trends and anticipating the needs of property owners nationwide. To best understand what you can do to improve your bottom line, we surveyed a variety of apartment tenants to understand which amenities they valued most. Out of ten desirable amenities, additional on-site storage space was ranked the 4th most important amenity just below high-end appliances and above recycling and covered parking.
However, simply being amenity-rich isn’t enough for tenants. Your target residents are looking for a few things—not everything. Investing in a high-quality community storage amenity is better than several budget-friendly features.
In the multi-family property business, Space Is Precious.
WITH BRADYL AS YOUR PARTNER, SPACE IS PROFIT.
Get an Estimate of PSF Income Potential For Your Building.