Recycling is an excellent method to lessen waste in the US and foster cleaner surroundings. The current population of renters has become more mindful of the environment compared to any previous generation. For these and other reasons, establishing a recycling program for your multifamily properties can be quite advantageous for landlords, property owners, and tenants. By implementing a recycling program, not only could you save money, but you could also attract more tenants! Still not convinced? Following that, read on to discover more benefits of starting a recycling program for your multifamily properties.
Reduced disposal fees
First, let’s discuss 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. Developing a recycling program is going to save you money on both of those fees. 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. 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. Moreover, multifamily dwellings generate a considerable quantity of waste. Implementing a recycling program diverts recyclable materials from landfills, thereby reducing the amount of refuse that would otherwise compete for 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 stated previously, renters are more environmentally conscious than ever before. In fact, a poll of more than 1,200 tenants found that nearly 70% of them considered recycling to be crucial when choosing a place to live. Pew Research Center estimates that 36% of the 122.8 million households in the country are made up of renters. If you are having difficulty finding renters for your properties, you should investigate what these millions of renters are seeking. By including recycling in your rental homes, you’ll be able to retain current tenants as well as draw in new ones. 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 way that we can all do our part to safeguard the environment. In light of this, why not take the initiative and start a recycling program at your multifamily rental properties? Once installed and operational, it may provide enormous benefits. 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. The capacity of individuals to make a difference and contribute to a healthy planet is made possible by a collective effort.
Beginning a recycling program for your rental properties can help you save money, benefit the environment, and satisfy your tenants. 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!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
