Recycling can be a great strategy for reducing trash in the US and fostering a healthier environment. Today’s renters are more environmentally conscious than any generation that came before them. Establishing a recycling program for your multifamily units can be advantageous 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. Specifically, how much do you pay for waste removal each month? Every year, the cost of disposing of waste increases, and waste disposal companies are starting to raise their prices to match. Putting in place a recycling program will enable you to avoid paying both of these costs. By redirecting a portion of your garbage 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 expenses. The frequency of emptying garbage containers will also decrease, which is a bonus. In turn, fewer replacements or additional equipment might be necessary since dumpster or rubbish container lifespans may be extended.
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 putting in place a recycling program, recyclable garbage is diverted from landfills, reducing the amount of waste that would otherwise occupy 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 previously mentioned, today’s tenants are more environmentally conscious than ever before. 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. According to the Pew Research Center, approximately 36 percent of the nation’s 122,8 million households are rented.Look into what these millions of renters are looking for if you’re having difficulties filling your properties with tenants. By including recycling in your rental homes, you’ll be able to retain current tenants as well as draw in new ones. Tenants like it when their landlords take special care to protect the environment, and they are more likely to renew their lease if they are aware that recycling is available on-site.
Responsibly manage resources
Recycling is one way we can fulfill our responsibilities to preserve the environment. Create a recycling program for your multifamily rental buildings and take the initiative. At first glance, it could seem like extra work, but once installed and in use, it might offer significant advantages. 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 are able to change the world and contribute to a healthy planet thanks to collective action.
Starting a recycling program for your rental properties can reduce costs, benefit the environment, and make tenants happy. Everyone benefits from this circumstance!
If you want to optimize your rental properties and more easily attract quality tenants, it may be time to call in the experts! Contact your local Real Property Management office to learn more about how we can save you time and money today!
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