Epifany Properties, a US real estate investment management firm, is encouraging residential property owners to install vending machines as a way to increase property revenues.
The company’s newsletter suggests it would make sense to install a vending machine in a fairly large complex.
Siting the vending machines in areas that generate a solid flow of tenants: the laundry room or near the pool or gym (if part of the facilities) are good choices. Even modest vending revenues increase the property’s value significantly.
In today’s economy, with big accounts downsizing, vending operators should not overlook apartment complexes as a potential source of income.
Many apartment managers never consider having vending machines. Many who consider them don’t want to bother managing them, which is why vending operators should be targeting these accounts.
