Recycling can be a great strategy for reducing trash in the US and fostering a healthier environment. More than any prior generation, renters today are environmentally conscious. Establishing a recycling program for your multifamily properties can have significant advantages for landlords, property owners, and tenants for this and other reasons. By adopting a recycling program, not only could you save money, but you could also attract more tenants! Still not convinced? Then read on to learn more about the benefits of implementing a recycling program at your multifamily properties.
Reduced disposal fees
We should start by discussing money. Let’s be specific about the monthly amount you expend on waste disposal. On an annual basis, the cost of waste removal increases, and waste removal companies are beginning to increase their prices as well. Establishing a recycling program will save you money on these two costs. You can significantly reduce the amount of waste going to landfills and, as a result, cut your overall waste disposal costs by diverting some of your garbage to be recycled rather than thrown away. The frequency of emptying garbage containers will also decrease, which is a bonus. This might result in lengthier bin or trash container lifetimes, lowering the need for replacements or additional equipment.
Reduced environmental degradation
Recycling protects natural resources by converting discarded materials into new products rather than utilizing virgin materials for production, which frequently results in habitat destruction, deforestation, and disruption of ecosystems. 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 was already mentioned, tenants in today’s market are more concerned about the environment than before. In fact, a poll of more than 1,200 tenants found that nearly 70% of them believed recycling to be crucial when choosing a place to live. Pew Research Center estimates that approximately 36 percent of the nation’s 122.8 million households are rented. If you’re having difficulty recruiting renters for your properties, investigate what these millions of renters want. Offering recycling in your rental properties will not only help you attract new tenants, but it will also help you retain current ones. When a landlord goes above and beyond to protect the environment, tenants appreciate it and are more inclined to renew their lease if they know recycling is available on-site.
Responsibly manage resources
Recycling is one method we can use to carry out our responsibility to protect the environment. So instead of following suit, why not start a recycling program for your multifamily rental properties? When installed and running, it could seem like extra work at first, but it could have a huge impact. By conserving natural resources, reducing pollution and greenhouse gas emissions, protecting ecosystems, and promoting responsible resource management, recycling encourages waste reduction, and environmental impact reduction, and contributes to a more sustainable and resilient future for future generations. Individuals may influence change and contribute to a healthy planet through 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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