Recycling can be an excellent way to minimize 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, establishing a recycling program for your multifamily units can significantly benefit Durham property managers, property owners, and tenants. Not only could you save money, but you could also encourage tenants more easily – just by providing a recycling program! Not convinced yet? Then continue reading to learn more about the advantages of establishing a recycling program for your multifamily properties.
Recycling can save you money
First, let’s discuss money. Or, more specifically, let’s mention 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 hike their prices as well. Establishing a recycling program can save you money on both fees. By diverting some of your waste to be recycled rather than discarded, you can greatly reduce the amount of waste going to landfills and, in turn, decrease your entire waste disposal costs.
Recycling is good for the environment
Recycling assists conserve natural resources by recycling used materials into new products rather than utilizing virgin materials for production. It also decreases the amount of waste going to landfills and the emissions released during incineration. Furthermore, by employing recycled materials, we can reduce the demand for new resource extraction, like the deforestation associated with the production of paper products.
Recycling attracts new tenants and keeps old ones
As stated previously, today’s renters are more environmentally conscious than ever before. Actually, a survey of over 1,200 renters revealed that nearly 70% considered recycling an important factor in deciding 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 recruiting renters to your apartments, you might want to think about what these millions of renters are searching for. Providing recycling for your multifamily units may not only draw potential tenants, but it can also help retain existing ones. Tenants like it 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 must take care of our planet; recycling is one way we can achieve this. So, why not take the initiative and set up a recycling program for your apartment building? It may appear to be 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?
Beginning a recycling program for your multi-family rentals can save money, support a healthier environment, and make your tenants satisfied. It’s a win-win situation for everyone involved.
Obviously, entering any new program takes time out of your busy day. If you want to optimize your rental properties and more easily recruit potential tenants, it may be time to call in the experts at Real Property Management Trustworthy! We’re prepared and happy to assist with any property management topic, from maintenance to tenant relations. Contact us online to learn more.
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