Recycling is a great way to reduce waste in the United States and foster a healthy environment. Today’s renters are more environmentally conscious than any generation that came before them. Establishing a recycling program for your multifamily properties can have significant advantages for landlords, property owners, and tenants for this and other reasons. By implementing a recycling program, not only could you save money, but you could also attract more tenants! Still not convinced? Read on to discover more benefits of setting up a recycling program for your multifamily homes.
Reduced disposal fees
Let’s start out by discussing money. Let’s be specific about how much money you spend on waste removal each month. Every year, the cost of waste removal increases, and waste removal companies are beginning to increase their rates as well. Establishing a recycling program will save you money on these two costs. You may drastically cut down on the amount of waste going to landfills and, as a result, lessen your overall waste disposal costs by redirecting some of your garbage to be recycled rather than thrown away. The frequency of emptying garbage containers will also decrease, which is a bonus. In turn, fewer replacements or additional equipment might be necessary since dumpster or rubbish container lifespans may be extended.
Reduced environmental degradation
By repurposing waste materials into new products rather than using virgin materials for manufacture, which frequently leads to habitat loss, deforestation, and ecosystem disruption, recycling conserves natural resources. Additionally, multifamily dwelling produces a considerable amount of trash. By putting in place a recycling program, you can reduce the amount of waste that would otherwise fill up limited landfill space by diverting recyclable items away from them. Recycling initiatives in multifamily buildings contribute to the transition to a more environmentally friendly business model that aims to reduce waste production.
Attract and retain tenants
As stated previously, renters are more environmentally conscious than ever before. In fact, a survey of more than 1,200 tenants revealed that nearly 70% believed recycling to be an important factor in determining where to reside. According to the Pew Research Center, approximately 36 percent of the nation’s 122,8 million households are rented.Look into what these millions of renters want if you’re having difficulties finding tenants for your properties. You’ll be able to keep your current tenants as well as draw in new ones if you include recycling in your rental properties. If a tenant knows that recycling is available on-site, they are more likely to renew their lease because tenants like it when their landlords go above and beyond to be environmentally responsible.
Responsibly manage resources
Recycling is one method we can employ to help safeguard the environment, which is something we all have a responsibility to do. So instead of following suit, why not start a recycling program for your multifamily rental properties? Initially, it may appear to require additional effort, but once implemented and operational, it may provide enormous benefits. Recycling encourages responsible resource management, garbage reduction, and environmental impact reduction through preserving natural resources, reducing pollution and greenhouse gas emissions, protecting ecosystems, and assisting in the development of a more sustainable and resilient future for coming generations. Individuals are able to change the world and contribute to a healthy planet thanks to collective action.
Putting in place a recycling program for your rental properties can help you save money, benefit the environment, and please your tenants. Everyone benefits from this circumstance!
It might be time to hire the pros if you want to make the most of your rental properties and attract quality tenants more easily. Contact your local Real Property Management office to learn more about how we can save you time and money today!
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