Recycling can be an effective strategy to lessen 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, arranging a recycling program for your multifamily units can significantly benefit Virginia Beach property managers, property owners, and tenants. Not only could you save money, but you could also entice tenants more easily – just by including a recycling program! Not convinced yet? Then keep reading to learn more about the perks of implementing 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 instead of thrown away, you can significantly decrease 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 transforming used materials into new products as opposed to employing virgin materials for production. It also minimizes the amount of waste going to landfills and the emissions released during incineration. And by utilizing recycled materials, we can lessen the need for new resource extraction, such as the deforestation caused by the manufacture of paper products.
Recycling attracts new tenants and keeps old ones
As previously stated, today’s renters are more environmentally conscious than ever before. In reality, a survey of over 1,200 renters showed that nearly 70% considered recycling important in selecting where to rent. According to Pew Research Center, about 36% of the nation’s 122.8 million households are renters. For that reason, if you’re having a hard time enticing renters to your apartments, maybe you must think about what these millions of renters are seeking. Providing recycling for your multifamily units may not only bring in new tenants, but it can also help retain existing ones. Tenants enjoy 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 have to take care of our planet; recycling is one method we can accomplish it. So, why not take the initiative and establish a recycling program for your apartment building? It may seem like extra work initially, but once it’s established and running smoothly, it can significantly benefit you, your tenants, and the environment. And isn’t that worth it?
Implementing a recycling program for your multi-family rentals can save money, support a healthier environment, and make your tenants pleased. It’s a win-win situation for everybody involved.
Undeniably, establishing any new program takes time out of your busy day. If you’d like to optimize your rental properties and more easily acquire quality tenants, it may be time to call in the experts at Real Property Management Complete! We’re ready and delighted to assist with any property management topic, from maintenance to tenant relations. Contact us online to learn more.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
