Recycling can be an effective solution to cut down 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, starting a recycling program for your multifamily units can significantly benefit Amherst property managers, property owners, and tenants. By providing a recycling program, you could not just save money, but you could also magnetize tenants more easily – just! Not convinced yet? Then keep perusing to learn more about the rewards of establishing a recycling program for your multifamily properties.
Recycling can save you money
First, let’s bring up money. Or, more specifically, let’s talk about how much you spend on waste disposal every month. The cost of landfill disposal continues to rise year after year, and waste disposal services are beginning to raise prices, too. Launching a recycling program can save you money on both fees. By diverting some of your waste to be recycled instead of tossed away, you can greatly minimize the amount of waste going to landfills and, in turn, lessen your overall waste disposal costs.
Recycling is good for the environment
Recycling helps conserve natural resources because it turns used materials into new products as opposed to using virgin materials for production. It also cuts down the amount of waste going to landfills and the emissions released during incineration. And by using recycled materials, we can cut down the need for new resource extraction, such as from deforestation that comes with producing paper products.
Recycling attracts new tenants and keeps old ones
As was already mentioned, today’s renters are more environmentally conscious than ever before. A survey of over 1,200 renters noticed that almost 70% considered recycling an important factor in deciding 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 attracting 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 attract 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 have to take care of our planet; recycling is one way we can achieve this. So, why not take the initiative and launch a recycling program for your apartment building? At first, it may seem like additional work, but once it’s established and running smoothly, it can significantly benefit you, your tenants, and the environment. And isn’t that worth it?
Arranging 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 associated.
Undoubtedly, establishing any new program takes time out of your busy day. If you seek to optimize your rental properties and more easily find good tenants, it may be time to call in the experts at Real Property Management Bay State West! We’re ready and able to help with any property management topic, from maintenance to tenant relations. Contact us online to learn more.
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