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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 strategy for reducing waste in the United States and fostering a healthier environment. Compared to past generations, renters nowadays are more environmentally conscious. Establishing a recycling program for your multifamily units can be advantageous for landlords, property owners, and tenants for this and other reasons. By implementing a recycling program, not only could you save money, but you could also attract more tenants! Still not convinced? Following that, read on to discover more benefits of starting a recycling program for your multifamily properties.

Reduced disposal fees

First, let’s discuss money. Let’s get specific about your monthly expenditures on trash disposal. Every year, the cost of disposing of waste increases, and waste disposal companies are starting to raise their prices to match. You will be able to reduce both of these fees by establishing a recycling program. 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. 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. Moreover, multifamily dwellings generate 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. 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 stated previously, renters 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. Pew Research Center estimates that approximately 36 percent of the nation’s 122.8 million households are rented. Look into what these millions of renters want if you’re having difficulties finding tenants for your properties. By including recycling in your rental homes, you’ll be able to retain current tenants as well as draw in new ones. Tenants appreciate landlords who go the extra mile 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 we can fulfill our responsibilities to preserve the environment. So instead of following suit, why not start 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 encourages responsible resource management, waste elimination, and ecological impact reduction by conserving natural resources, reducing pollution and greenhouse gas emissions, safeguarding ecosystems, and contributing to a healthier and more resilient future for future generations. Individuals may change the world and contribute to a healthy planet by working together.

Starting a recycling program for your rental properties can reduce costs, benefit the environment, and make tenants happy. 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!

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