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Why You Should Start a Recycling Program for Your Multifamily Rentals

Recycling Bins at a Asbury Park Multifamily BuildingRecycling can be a fine 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 preceding them. For this and other reasons, putting together a recycling program for your multifamily units can significantly benefit Asbury Park property managers, property owners, and tenants. Not only could you save money, but take note, you could likewise appeal to tenants easily – just by rendering a recycling program! Not convinced yet? If that is so, read on to learn more about the perks of initiating a recycling program for your multifamily properties.

Recycling can save you money

First, let’s talk about money. Or, more specifically, let’s speak 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 starting to raise prices, as well. Putting together a recycling program can save you money on both fees. By diverting some of your waste to be recycled instead of thrown away, you can dramatically minimize the amount of waste going to landfills and, in turn, taper down your total waste disposal costs.

Recycling is good for the environment

Recycling successfully helps conserve natural resources by converting used materials into new products instead of making use of virgin materials for production. It equally cuts down the amount of waste going to landfills and the emissions released during incineration. And by capitalizing on recycled materials, we can reduce the need for new resource extraction, particularly the deforestation that comes with manufacturing paper products.

Recycling attracts new tenants and keeps old ones

As previously noted, today’s renters are more environmentally conscious than ever before. A survey of over 1,200 renters reports that close 70% considered recycling an important factor in ascertaining where to stay. According to Pew Research Center, about 36% of the nation’s 122.8 million households are renters. Thus, if you’re having a hard time capturing the interest of renters in your apartments, maybe you should think about what these millions of renters are looking out for. Extending recycling for your multifamily units may not only appeal to new tenants, but it can furthermore help retain existing ones. Tenants take delight when their landlords try to be environmentally responsible, and they are more than likely to renew their lease if they grasp recycling is available on-site.

Recycling is the right thing to do

We all have a role to take care of our planet; recycling is one way we can do that. So, why not take the initiative and prepare a recycling program for your apartment building? It may quite seem like extra work at the start, 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 delighted. It’s a win-win situation for everyone involved.

 

Kicking off any new program takes time out of your busy day. If you’re looking to optimize your rental properties and more easily bring in quality tenants, it may be time to call in the experts at Real Property Management Performance! We’re capable and ever ready to assist with any property management topic, from maintenance to tenant relations. Contact us online to learn more.

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