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

Waste collection receptacle outside multifamily rental propertyRecycling is a great way to reduce waste in the United States and foster a healthy environment. Today’s renters are more environmentally conscious than any generation that came before them. Renters, property owners, and landlords can all gain significantly from establishing a recycling program for their multifamily properties for a variety of reasons. By simply implementing a recycling program, you can not only save money but also draw in additional 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

Let’s start by discussing money. Specifically, how much do you pay for waste removal each month? 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. 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. You’ll also reduce the number of times garbage containers need to be emptied, which is a bonus. In turn, fewer replacements or additional equipment might be necessary since dumpster or rubbish container lifespans may be extended.

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. Additionally, there is a significant amount of waste produced by multifamily dwellings. 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 previously mentioned, today’s tenants 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. According to Pew Research Center, 36% of the 122.8 million households in the country are made up of renters. If you’re having difficulties finding tenants for your homes, find out what these millions of renters are looking for. You’ll be able to both draw in new renters and retain your present ones by incorporating recycling into your rental properties. Tenants like it when their landlords take special care to protect the environment, and they are more likely to renew their lease if they are aware that recycling is available on-site.

Responsibly manage resources

Recycling is one way we can fulfill our responsibilities to preserve the environment. Create a recycling program for your multifamily rental buildings and take the initiative. At first glance, it could seem like extra work, but once installed and in use, it might offer significant advantages. Recycling encourages responsible resource management, garbage reduction, and environmental impact reduction through preserving natural resources, reducing pollution and greenhouse gas emissions, protecting ecosystems, and assisting in the development of a more sustainable and resilient future for coming generations. Individuals are able to change the world and contribute to a healthy planet thanks to 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!

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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