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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 an effective method for reducing waste in the United States and fostering a healthier environment. More than any prior generation, renters today are environmentally conscious. 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

Let’s begin by discussing finances. Let’s be specific about the amount of money you shell out each month for waste disposal. The cost of refuse disposal increases annually, and waste removal companies are beginning to increase their rates as well. Developing a recycling program is going to save you money on both of those fees. You can drastically cut the amount of waste going to landfills and, as a result, lessen your overall waste disposal costs by diverting some of your garbage to be recycled rather than thrown away. In addition, the frequency with which trash cans must be cleared will be reduced. The requirement for replacements or additional equipment may be reduced as a result of longer lifespans for dumpsters and rubbish containers.

Reduced environmental degradation

Recycling protects natural resources by converting discarded materials into new products rather than utilizing virgin materials for production, which frequently results in habitat destruction, deforestation, and disruption of ecosystems. 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 occupy limited landfill space. 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 survey of over 1,200 tenants revealed that nearly 70% considered recycling to be a crucial 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. You’ll be able to keep your current tenants as well as draw in new ones if you include recycling in your rental properties. 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. So why not lead by example and implement a recycling program for your multifamily rental properties? Even while it could first seem like extra work, once it is installed and in use, it might offer significant advantages. Recycling promotes responsible resource management, garbage reduction, and environmental impact reduction by conserving natural resources, lowering pollution and greenhouse gas emissions, safeguarding ecosystems, and contributing to a more resilient and sustainable future for future generations. Individuals may influence change and contribute to a healthy 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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