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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 an excellent method to lessen waste in the US and foster cleaner surroundings. In contrast to the previous generation, renters today are mindful of the environment. Establishing a recycling program for your multifamily units can be advantageous for landlords, property owners, and tenants for this and other reasons. By just having a recycling program, you can not only save money but also draw in 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

Let’s start by discussing 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. Putting in place a recycling program will enable you to avoid paying both of these costs. By diverting a portion of your refuse 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 costs. You’ll also reduce the number of times garbage containers need to be emptied, which is a bonus. Longer lifespans for dumpsters and garbage containers may result from this, which can reduce the need for replacements or additional equipment.

Reduced environmental degradation

Recycling preserves natural resources by reusing waste materials rather than using virgin materials, which frequently leads to habitat damage, deforestation, and ecosystem disruption during manufacturing. Additionally, multifamily housing generates a considerable quantity of waste. Implementing a recycling program diverts recyclable materials from landfills, thereby reducing the amount of refuse that would otherwise occupy limited landfill space. 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 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. Pew Research Center estimates that approximately 36 percent of the nation’s 122.8 million households are rented. If you’re having difficulty recruiting renters for your properties, investigate what these millions of renters want. Offering recycling in your rental properties will not only help you attract new tenants, but it will also help you retain current ones. 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 manner in which we can all fulfill our obligation to protect the environment. Create a recycling program for your multifamily rental buildings and take the initiative. Initially, it may appear to require additional effort, but once implemented and operational, it may provide enormous benefits. Recycling supports responsible resource management, garbage reduction, and environmental impact reduction through preserving natural resources, reducing pollution and greenhouse gas emissions, protecting ecosystems, and promoting a more sustainable and resilient future for future generations. Individuals can make a difference and contribute to a thriving planet through collective action.

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 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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