Reduced disposal fees
Let’s start out by discussing money. Let’s be specific about the monthly amount you expend on waste disposal. On an annual basis, the cost of waste removal increases, and waste removal companies are beginning to increase their prices as well. Developing a recycling program is going to save you money on both of those fees. You can significantly reduce the amount of waste going to landfills and, as a result, cut your overall waste disposal costs by diverting some of your garbage to be recycled rather than thrown away. 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 nowadays 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. 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 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 that we can all do our part to safeguard the environment. So instead of following suit, why not start 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 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. Individuals are able to change the world and contribute to a healthy planet thanks to collective action.
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!