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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. The current population of renters has become more mindful of the environment compared to any previous generation. Establishing a recycling program for your multifamily properties can have significant advantages for landlords, property owners, and tenants for this and other reasons. By simply implementing a recycling program, you can not only save money but also draw in additional 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

First, let’s discuss money. Let’s get specific about your monthly expenditures on trash disposal. The cost of refuse disposal increases annually, and waste removal companies are beginning to increase their rates as well. Establishing a recycling program will save you money on these two costs. 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, you will reduce the frequency with which trash cans must be emptied. Longer lifespans for dumpsters and garbage containers may result from this, which can reduce 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. In addition, multifamily dwellings generate a substantial quantity of waste. By putting in place a recycling program, you can reduce the amount of waste that would otherwise fill up limited landfill space by diverting recyclable items away from them. The implementation of a recycling program in multifamily dwellings facilitates the transition to a more sustainable business model that reduces waste output.

Attract and retain tenants

As was already mentioned, tenants nowadays are more concerned about the environment than 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. According to the Pew Research Center, approximately 36 percent of the nation’s 122,8 million households are rented. Look into what these millions of renters are looking for if you’re having difficulties filling your properties with tenants. 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 method we can use to carry out our responsibility to protect the environment. Why not therefore take the initiative and institute a recycling program in 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. The capacity of individuals to make a difference and contribute to a healthy planet is made possible by a collective effort.

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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