Recycling is a great way to reduce waste in the United States and foster a healthy environment. The current population of renters has become more mindful of the environment compared to any previous generation. Establishing a recycling program for your multifamily properties can have significant advantages for landlords, property owners, and tenants for this and other reasons. By implementing a recycling program, not only could you save money, but you could also attract more tenants! Still not convinced? Read on to discover more benefits of setting up a recycling program for your multifamily homes.
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. 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. Additionally, you’ll reduce the number of times garbage bins need to be emptied. This can lead to longer dumpster or trash container lifetimes, reducing the need for replacements or additional equipment.
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. 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 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 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. Offering recycling in your rental properties will not only help you attract new tenants, but it will also help you retain current 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 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? Once installed and operational, it may provide enormous benefits. 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. The capacity of individuals to make a difference and contribute to a healthy planet is made possible by a collective effort.
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!
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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