Reduced disposal fees
Let’s begin by discussing finances. 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 drastically cut the amount of waste going to landfills and, as a result, lessen your overall waste disposal costs by diverting some of your garbage to be recycled rather than thrown away. In addition, the frequency with which trash cans must be cleared will be reduced. This can lead to longer dumpster or trash container lifetimes, reducing the need for replacements or additional equipment.
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, there is a significant amount of waste produced by multifamily dwellings. 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 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 poll of more than 1,200 tenants found that nearly 70% of them believed recycling to be crucial when choosing a place to live. According to Pew Research Center, 36% of the 122.8 million households in the country are made up of renters. Look into what these millions of renters want if you’re having difficulties finding tenants for your properties. You’ll be able to both draw in new renters and retain your present ones by incorporating recycling into your rental properties. Tenants appreciate landlords who go the extra mile to be environmentally conscientious, and they are more likely to renew their lease if recycling is available on-site.
Responsibly manage resources
Recycling is one way we can fulfill our responsibilities to preserve the environment. Why not therefore take the initiative and institute a recycling program in your multifamily rental properties? When installed and running, it could seem like extra work at first, but it could have a huge impact. 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 may influence change and contribute to a healthy 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!
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!