Reduced disposal fees
Let’s start by discussing money. Let’s be specific about the monthly amount you expend on waste disposal. Every year, the cost of waste removal increases, and waste removal companies are beginning to increase their rates as well. You will be able to reduce both of these fees 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
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, multifamily housing generates a considerable quantity of waste. By implementing a recycling program, you can prevent recyclable garbage from going to landfills, which reduces the amount of waste that would otherwise fill up such spaces. Existence of a recycling program in multifamily dwellings facilitates the transition to a more sustainable business model that reduces waste output.
Attract and retain tenants
Renters today, as previously mentioned, are more environmentally sensitive than ever. In fact, a poll of over 1,200 tenants found that nearly 70% of them believed that recycling was crucial when determining where to live. In the 122.8 million households across the country, renters make up about 36% of the population. Look into what these millions of renters want if you’re having difficulties finding tenants for your properties. 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 way that we can all do our part to safeguard the environment. So why not lead by example and implement a recycling program for your multifamily rental properties? Initially, it may appear to require additional effort, but once implemented 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. Individuals may change the world and contribute to a healthy planet by working together.
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 call in the professionals if you want to optimize your rental properties and draw in quality tenants easily. Contact your local Real Property Management office to learn more about how we can save you time and money today!