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Investing in a Greener Future: Prioritize a Recycling Program for Your Multifamily Rentals

Waste collection receptacle outside multifamily rental propertyRecycling can be a great strategy for reducing trash in the US and fostering a healthier environment. The current population of renters has become more mindful of the environment compared to any previous generation. 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? Then read on to learn more about the benefits of implementing a recycling program at your multifamily properties.

Reduced disposal fees

We should start by discussing money. Specifically, how much do you pay for waste removal each month? The cost of refuse disposal increases annually, 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. 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. In addition, the frequency with which trash cans must be cleared will be reduced. This might result in lengthier bin or trash container lifetimes, lowering 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 occupy limited landfill space. The transition to a more sustainable business model that aims to reduce waste generation is facilitated by multifamily buildings that have recycling programs in place.

Attract and retain tenants

As was already mentioned, tenants nowadays are more concerned about the environment than before. In fact, a survey of over 1,200 tenants revealed that nearly 70% considered recycling to be a crucial 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. Look into what these millions of renters are looking for if you’re having difficulties filling your properties with tenants. 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 method we can use to carry out our responsibility to protect the environment. Create a recycling program for your multifamily rental buildings and take the initiative. Even while it could first seem like extra work, once it is 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. The capacity of individuals to make a difference and contribute to a healthy planet is made possible by a collective effort.

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!

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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