Save yourself some money while you’re saving the earth. In honor of Earth Day, we’ve come up with tips for going green with rental properties.
Tip #1: Get a Home Energy Audit
A home energy audit can help you determine how efficiently your property uses energy. The assessment can tell you of any shortcomings that, when corrected, can save you money on your energy bills. Energy.gov has information on DIY audits as well as those provided by professionals.
Tip #2: Make Applications and Rent Payments Paper-less
Save paper and go online for your applications and rent payments. It’s easy to make the switch and it’s more convenient for a lot of landlords. Tenants can safeguard their personal information and landlords can keep track of and access tenant information from their computer or phone. Online services may even appeal more to certain demographics who prefer web-based applications.
TurboTenant provides online applications to landlords (and property managers and real estate agents) at no cost to the landlord.
Tip # 3: Use Recycled Materials for Upkeep
The next time you need to fix or replace something at the property, consider using recycled materials. Not only will you re-purpose the item, but you’ll also save some money in the process. The key is to look for gently-used items. Habitat for Humanity Restore offers new and gently used home improvement supplies that cost less than retail.
Tip #4: Switch to Eco-Friendly Cleaning Products
If you’re not a fan of traditional cleaning products, you may want to try eco-friendly alternatives. Try them out before your tenant moves in and leave them in the rental so that tenants can use them, as well.
If you’re looking for a little guidance, Good Housekeeping has some recommendations. They’ve tested the products and even give the criteria that they used.
Use these tips to go green all year long at your rental properties. You may find that these tips will actually improve the way you run your rentals.