Recycling can be an effective method 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, setting up a recycling program for your multifamily units can significantly benefit North Richland Hills property managers, property owners, and tenants. By implementing a recycling program, you can not only save money, but you could also recruit tenants more easily. Not convinced yet? Then read on to learn more about the advantages of implementing a recycling program for your multifamily properties.
Recycling can save you money
First, let’s address money. Or, more specifically, let’s discuss 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 increase their prices as well. Arranging a recycling program can save you money on both fees. By diverting some of your waste to be recycled instead of disposed of, you can substantially lower the amount of waste going to landfills and, in turn, reduce your overall waste disposal costs.
Recycling is good for the environment
Recycling helps conserve natural resources by turning used materials into new products instead of using virgin materials for production. It also reduces the amount of waste going to landfills and the emissions released during incineration. And by using recycled materials, we can decrease the need for new resource extraction, such as the deforestation that comes with producing paper products.
Recycling attracts new tenants and keeps old ones
As said before, today’s renters are more environmentally conscious than ever before. Truthfully, a survey of over 1,200 renters indicated that nearly 70% considered recycling an important factor when selecting a residence. 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 obtaining renters to your apartments, you may want to investigate what these millions of renters are seeking. Incorporating recycling for your multifamily units may not only lure potential tenants, but it can also help retain existing ones. Tenants admire when their landlords make an attempt to be environmentally responsible, and they are more inclined to renew their lease if they are aware that recycling is available on-site.
Recycling is the right thing to do
We all must take care of our planet; recycling is one strategy we can do to achieve that. So, why not take the initiative and begin a recycling program for your apartment building? It may appear to be additional 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?
Introducing a recycling program for your multi-family rentals can save money, support a healthier environment, and make your tenants proud. It’s a win-win situation for all parties concerned.
Unquestionably, launching any new program takes time out of your busy day. If you intend to optimize your rental properties and more easily bring in better tenants, it may be time to call in the experts at Real Property Management MidTown! 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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