As a property manager, you are always looking for ways to improve your net operating income. Trash valet can help you do just that! This service can help you save money and increase your profits while making the lives of your residents easier. In this blog post, we will share with you some numbers and data that demonstrate how trash valet can improve your bottom line. We hope that this information will help you as a property manager! Before we explore how a trash valet service can increase your bottom line, it can be helpful to understand some basics about trash valet.
In a recent blog post we discussed a bit more about what Is Trash Valet however, we will revisit in this blog as well. Trash valet is a service that helps property managers collect, transport, and dispose of trash. This service can be provided by a company and can be used for residential, commercial, or industrial properties. By charging tenants a monthly fee for trash valet services, property managers can increase their net operating income. In addition, trash valet services can save property managers money on labor and disposal costs.
Trash valet services typically work with property managers to develop a customized pick-up and disposal schedule. This schedule is designed to meet the specific needs of the property manager and their tenants. Once the schedule is set, the trash valet company will collect the trash from the property and transport it to a disposal facility. The property manager will not have to worry about managing the trash valet service, as this will be handled by the company.
Benefits of Trash Valet
There are many benefits of using a trash valet service, including:
Saving money on trash removal costs.
Improving the appearance of the property.
Reducing the risk of liability for the property manager.
Reducing the amount of time spent on managing trash removal.
Trash valets can help you save money in a variety of ways. In addition to saving money, a trash valet service can also help you improve the appearance of your property. A cleaner property will be more attractive to potential tenants and will help you retain existing tenants. This is primarily driven by the assistance of helping you reduce the amount of trash that is visible on your property. By doing so, you can charge a higher rent price as the value of your housing services will increase. Trash valet can also help you reduce the amount of time that you spend on managing trash removal. This can help you focus on other aspects of your property management business. For example, you can spend more time on marketing and leasing activities to attract more tenants.
Too much trash can also be a liability for your business because it can lead to insect and rodent infestations if not treated appropriately. Trash valet can help you reduce this risk by removing the trash from your property regularly. The cost of exterminating an infestation can be much higher than the cost of Trash valet services. These costs can be even higher if the infestation happens in one unit and spreads to the other units. For example, if you have a rat infestation, you may be required to pay for extermination services, as well as damages caused by the rats. In some cases, you may even be required to pay for medical treatment if a tenant is bitten by a rat. This will not only leave a blemish on your reputation but could also lead to legal action against you. Dirty housing complexes will also cause vacancies which will further reduce your net operating income.According to Western Pest, a sanitary home environment and maintaining a clean environment is a leading factor to reducing cockroaches in an apartment.
As you can see, there are many ways that a trash valet can improve your bottom line. It can be a great source of additional income as well as insurance against liability. Overall, trash valet provides several benefits that can help you improve your bottom line. If you are looking for ways to save money, increase your profits, and improve the living standards of your clients, Brigham Clean may be the perfect solution for you!
Property Manager Financials: Calculating The Profits
On average if you were to charge $35 per month for each unit in your building for trash valet service, you would make an extra $105,000.00 in revenue per year. This is based on a 250-unit building and avoiding factors such as vacant units. This is a significant increase in net operating income for most property managers. And it’s important to note that this is additional revenue – not money that you are taking away from your residents. You are providing an additional service that they are happy to pay for!
Property Managers: Your Responsibility
If you are a property manager, trash valet is an easy way to increase your profits and improve your building’s appearance. And, it’s important to remember that you are responsible for the trash on your property. This means that you need to make sure that your tenants are living in a safe and clean environment. By hiring a trash valet company, you can take care of the trash on your property without having to worry about it yourself. And, you can be sure that your tenants will appreciate the convenient service and clean environment. Most trash valet companies will also provide recycling services, but here at Brigham Clean we offer recycling services for the most affordable price. This means that you can save even more money on trash removal costs. And, you will be helping the environment by reducing the amount of trash that is sent to landfills. By showing tenants that you are committed to being eco-friendly, you can attract even more residents to your property. More and more people are looking for “green” apartments, and you can be at the forefront of this new consumer trend by offering recycling services.
Conclusion
Property managers should always look for ways to increase the bottom line. The problem is that many tactics and strategies can come as a detriment to the tenant experience. However, trash valet is one solution that can improve the tenant experience while also increasing profits. Trash valet is worth considering if you are a responsible property manager. It’s a simple and effective way to make more money without raising rents or sacrificing the quality of service. Here at Brigham Clean our services extend past just picking up the trash everday. So, if you're looking for apartment recycling or trash valet services, don't hesitate to contact us anytime.
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