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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. Compared to past generations, renters nowadays are more environmentally conscious. Establishing a recycling program for your multifamily properties can have significant advantages for landlords, property owners, and tenants for this and other reasons. By offering a recycling program, you might not only save money but also draw in more 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

First, let’s discuss 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 may reduce both of these costs 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. The frequency of emptying garbage containers will also decrease, which is a bonus. 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 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. In addition, multifamily dwellings generate a substantial 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 more than 1,200 tenants found that nearly 70% of them considered recycling to be crucial when choosing a place to live. Pew Research Center estimates that 36% of the 122.8 million households in the country are made up of renters. If you are having difficulty finding renters for your properties, you should investigate what these millions of renters are seeking. By including recycling in your rental homes, you’ll be able to retain current tenants as well as draw in new ones. When a landlord goes above and beyond to protect the environment, tenants appreciate it and are more inclined to renew their lease if they know recycling is available on-site.

Responsibly manage resources

Recycling is one way that we can all do our part to safeguard the environment. So why not lead by example and implement a recycling program for your multifamily rental properties? At first glance, it could seem like extra work, but once 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 change the world and contribute to a healthy planet by working together.

Putting in place a recycling program for your rental properties can help you save money, benefit the environment, and please your tenants. Everyone benefits from this circumstance!

If you want to optimize your rental properties and attract quality tenants more readily, it may be time to call in the professionals! Contact your local Real Property Management office to learn more about how we can save you time and money today!

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