Recycling can be an effective method for reducing waste in the United States 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 simply implementing a recycling program, you can not only save money but also draw in additional tenants. Still not convinced? The benefits of starting a recycling program for your multifamily properties are discussed further in the following sections.
Reduced disposal fees
Let’s start by discussing money. Let’s be specific about the amount of money you shell out each month for waste disposal. Waste removal companies are starting to raise their prices in response to the rising cost of rubbish disposal. You may reduce both of these costs by establishing a recycling program. 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. The requirement for replacements or additional equipment may be reduced as a result of longer lifespans for dumpsters and rubbish containers.
Reduced environmental degradation
Instead of using virgin materials for manufacture, which frequently leads to habitat destruction, deforestation, and ecosystem disruption, recycling conserves natural resources by turning waste materials into new products. Additionally, multifamily dwelling produces a considerable amount of trash. Implementing a recycling program diverts recyclable materials from landfills, thereby reducing the amount of refuse that would otherwise compete for limited landfill space. 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 previously mentioned, today’s tenants are more environmentally conscious than ever 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 36% of the 122.8 million households in the country are made up of renters. If you’re having difficulties finding tenants for your homes, find out what these millions of renters are looking for. Incorporating recycling into your rental properties will help you not only attract new tenants, but also retain your current tenants. Tenants appreciate landlords who make an effort 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 manner in which we can all fulfill our obligation to protect the environment. In light of this, why not take the initiative and start a recycling program at your multifamily rental properties? Initially, it may appear to require additional effort, but once implemented and operational, it may provide enormous benefits. Recycling promotes responsible resource management, garbage reduction, and environmental impact reduction by conserving natural resources, lowering pollution and greenhouse gas emissions, safeguarding ecosystems, and contributing to a more resilient and sustainable 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 bring in the pros if you want to maximize your rental properties and more easily draw in quality tenants. 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.
