Recycling can be a great way 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, setting up a recycling program for your multifamily units can significantly benefit Franklin property managers, property owners, and tenants. Not only could you save money, but you could also attract tenants more easily – just by offering a recycling program! Not convinced yet? Then read on to learn more about the benefits of starting a recycling program for your multifamily properties.
Recycling can save you money
First, let’s mention money. Or, more specifically, let’s discuss how much you spend on waste disposal every month. The cost of landfill disposal is starting to rise year after year, and waste disposal services are beginning to raise prices, too. Building up a recycling program can save you money on both fees. By diverting some of your waste to be recycled rather than disposed of, you can considerably minimize the amount of waste going to landfills and, in turn, lower the amount of your overall waste disposal costs.
Recycling is good for the environment
Recycling helps conserve natural resources by converting used materials into new products in place of using virgin materials for production. Additionally, it lessens the amount of waste going to landfills and the emissions released during incineration. And by using recycled materials, we can limit the need for new resource extraction, such as the associated deforestation with the manufacture of paper products.
Recycling attracts new tenants and keeps old ones
As was already indicated, today’s renters are more environmentally conscious than ever before. Actually, a survey of over 1,200 renters discovered that almost 70% considered recycling an important factor in determining where to reside. According to Pew Research Center, about 36% of the nation’s 122.8 million households are renters. Therefore, if you’re having a hard time finding renters for your apartments, maybe you should consider what these millions of renters are asking for. Providing recycling for your multifamily units may not only draw in new tenants, but it can also help retain existing ones. Tenants value when their landlords take steps to be environmentally responsible, and if they are aware that recycling is available on-site, they are more likely to renew their lease.
Recycling is the right thing to do
We all have accountability to take care of our planet; recycling is one way we can fulfill that. So, why not take the initiative and start 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?
Implementing a recycling program for your multi-family rentals can save money, support a healthier environment, and make your tenants glad. It’s a win-win situation for everyone involved.
Naturally, beginning any new program takes time out of your busy day. If you’d wish to optimize your rental properties and more easily attract great tenants, it may be time to call in the experts at Real Property Management All-Star! We’re ready and willing to assist with any property management topic, from maintenance to tenant relations. Contact us online to learn more.
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