Recycling can be a great strategy for reducing trash in the US and fostering a healthier environment. In contrast to the previous generation, renters today are mindful of the environment. Renters, property owners, and landlords can all gain significantly from establishing a recycling program for their multifamily properties for a variety of reasons. By just having a recycling program, you can not only save money but also draw in more 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
We should start by discussing money. Specifically, how much do you pay for waste removal each month? On an annual basis, the cost of waste removal increases, and waste removal companies are beginning to increase their prices 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. You’ll also reduce the number of times garbage containers need to be emptied, which is a bonus. This might result in lengthier bin or trash container lifetimes, lowering 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, 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 was already mentioned, tenants in today’s market are more concerned about the environment than before. In fact, a survey of more than 1,200 tenants revealed that nearly 70% believed recycling to be an important 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. Offering recycling in your rental properties will not only help you attract new tenants, but it will also help you retain current ones. When a landlord goes above and beyond to protect the environment, tenants appreciate it and are more inclined to renew their lease if they know recycling is available on-site.
Responsibly manage resources
Recycling is one way we can fulfill our responsibilities to preserve the environment. So instead of following suit, why not start a recycling program for your multifamily rental properties? When installed and running, it could seem like extra work at first, but it could have a huge impact. By conserving natural resources, reducing pollution and greenhouse gas emissions, protecting ecosystems, and promoting responsible resource management, recycling encourages waste reduction, and environmental impact reduction, and contributes to a more sustainable and resilient future for future generations. Individuals can make a difference and contribute to a thriving planet through collective action.
Introducing 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 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!
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