Recycling can be a wonderful method to reduce the nation’s waste and support a healthier environment. The fact is that today’s renters are more environmentally conscious than any group before them. For this and other reasons, arranging a recycling program for your multifamily units can significantly benefit Carmel property managers, property owners, and tenants. Not only could you save money, but you could even entice tenants more easily – just by proposing a recycling program! Not convinced yet? Then read on to learn more about the benefits of forming a recycling program for your multifamily properties.
Recycling can save you money
First, let’s talk about money. Or, more specifically, let’s talk about how much you spend on waste disposal every month. The cost of landfill disposal is on a steady rise year after year, and waste disposal services are starting to grow their costs, too. Setting up a recycling program can save you money on both fees. By diverting some of your waste to be recycled instead of tossed out, you can significantly decrease the amount of waste going to landfills and, in turn, reduce your all-around waste disposal costs.
Recycling is good for the environment
Recycling helps conserve natural resources by diverting used materials into new products instead of utilizing virgin materials for production. It likewise lessens the amount of waste going to landfills and the emissions released during incineration. And by utilizing recycled materials, we can reduce the need for new resource extraction, such as the deforestation that comes with building paper products.
Recycling attracts new tenants and keeps old ones
As earlier noted, today’s renters are more environmentally conscious than ever before. In fact, a survey of over 1,200 renters found that nearly 70% considered recycling an important factor in choosing where to live. According to Pew Research Center, about 36% of the nation’s 122.8 million households are renters. So, if you’re having a hard time drawing renters to your apartments, maybe you should consider what these millions of renters are looking for. Offering recycling for your multifamily units may not only tempt new tenants, but it can also help retain existing ones. Tenants appreciate when their landlords make an effort to be environmentally responsible, and they are more likely to renew their lease if they know recycling is available on-site.
Recycling is the right thing to do
We all should take care of our planet; recycling is one way we can do that. So, why not take the initiative and set up a recycling program for your apartment building? It may seem like extra work at first, but once it’s established and running smoothly, it can significantly benefit you, your tenants, and the environment. And isn’t that worth it?
Starting a recycling program for your multi-family rentals can save money, support a healthier environment, and make your tenants happy. It’s a win-win situation for everyone concerned.
Of course, starting any new program takes time out of your busy day. If you’re looking to optimize your rental properties and more easily attract quality tenants, it may be time to call in the experts at Real Property Management Faith! We’re equipped and eager to assist with any property management topic, from maintenance to tenant relations. Contact us online to learn more.
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