Recycling can be an effective approach to lowering the nation’s waste and supporting 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 Beaverton property managers, property owners, and tenants. Furthermore, you can not only save money, but you could also attract tenants more easily – just by offering a recycling program! Not convinced yet? Then read on to find out more about the benefits of starting a recycling program for your multifamily properties.
Recycling can save you money
First, let’s talk about 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 starting to raise prices, too. Setting up a recycling program can save you money on both fees. By diverting some of your waste to be recycled, you can drastically reduce the amount of trash that is thrown away but also 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 as a replacement for 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 was said earlier, today’s renters are more environmentally conscious than ever before. In fact, a survey of over 1,200 renters found that almost 70% considered recycling an important factor in choosing where to live. According to Pew Research Center, about 36% of the nation’s 122.8 million households are renters. So, if you’re struggling with 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, also, they have a higher probability to renew their lease if they know recycling is available on-site.
Recycling is the right thing to do
We all have a responsibility to take care of our planet; recycling is one way we can do that. So, why not take the initiative and set up 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?
Starting a recycling program for your multi-family rentals can save money, support a healthier environment, and make your tenants happy. It’s a win-win situation for everyone involved.
Of course, starting any new program takes time out of your busy day. If you’re looking to optimize your rental properties and more easily attract quality tenants, it may be time to call in the experts at Real Property Management Solutions! 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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