Recycling is an excellent method to lessen waste in the US and foster cleaner surroundings. In contrast to the previous generation, renters today are mindful of the environment. Along with additional perks, establishing a recycling program for your multifamily properties can be quite advantageous for tenants, landlords, and property owners. By adopting a recycling program, not only could you save money, but you could also attract more tenants! Still not convinced? Then continue reading to learn more about the many benefits of creating a recycling program for your multifamily properties.
Reduced disposal fees
We should start by discussing money. Specifically, how much do you pay for waste removal each month? Every year, the cost of waste removal increases, and waste removal companies are beginning to increase their rates as well. Putting in place a recycling program will enable you to avoid paying both of these costs. By diverting a portion of your refuse for recycling rather than disposal, you can significantly reduce the amount of waste sent to landfills and, as a result, reduce your overall waste disposal costs. In addition, you will reduce the frequency with which trash cans must be emptied. Longer lifespans for dumpsters and garbage containers may result from this, which can reduce the need for replacements or additional equipment.
Reduced environmental degradation
Recycling conserves natural resources by converting discarded materials into new products, as opposed to manufacturing with virgin materials, which frequently leads to habitat devastation, deforestation, and ecosystem disruption. Additionally, there is a significant amount of waste produced by multifamily dwellings. Implementing a recycling program diverts recyclable materials from landfills, thereby reducing the amount of refuse that would otherwise occupy limited landfill space. Recycling programs in multifamily buildings contribute to the transition to a more sustainable business model that aims to reduce trash 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 survey of over 1,200 tenants revealed that nearly 70% considered recycling to be a crucial factor in determining where to reside. According to Pew Research Center, 36% of the 122.8 million households in the country are made up of renters. If you’re having difficulty recruiting renters for your properties, investigate what these millions of renters want. 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 use to carry out our responsibility to protect the environment. Create a recycling program for your multifamily rental buildings and take the initiative. When installed and running, it could seem like extra work at first, but it could have a huge impact. Recycling supports responsible resource management, garbage reduction, and environmental impact reduction through preserving natural resources, reducing pollution and greenhouse gas emissions, protecting ecosystems, and promoting a more sustainable and resilient future for future generations. Individuals can make a difference and contribute to a thriving planet through collective action.
The implementation of a recycling program at your rental properties can save you money, benefit the environment, and make your tenants pleased. Everyone benefits from this circumstance!
If you want to optimize your rental properties and attract quality tenants more readily, it may be time to call in the professionals! Contact your local Real Property Management office to learn more about how we can save you time and money today!
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