OUR SATISFACTION-GUARANTEED SERVICE CONTRACT

 At WasteFree Solution Mgmt, we understand that property managers are looking for a reliable, efficient, and professional partner to ensure the smooth running of their communities. What sets us apart is our unwavering commitment to delivering top-tier trash valet services that not only meet but exceed expectations. We are proactive in maintaining cleanliness, minimizing disruptions, and providing seamless service to your residents. Our attention to detail, reliability, and dedication to customer satisfaction directly contribute to enhancing your property’s reputation, increasing tenant retention, and potentially boosting positive reviews. By partnering with us, you’re ensuring a hassle-free experience for both you and your residents, bringing measurable value and making a lasting impression on your community.

We don’t just say we’re different—we prove it. Unlike other service providers that lock you into long-term contracts with no guarantee of quality, we offer a satisfaction-guaranteed service contract that allows you to cancel at any time with a 30-day notice. We are confident in our ability to uphold our commitment, and this flexible approach gives you the opportunity to experience our high standards firsthand. With this option, you can feel assured that we are continually proving our dedication to excellence. Our approach gives property managers peace of mind, knowing they are working with a company that earns their trust and consistently delivers on its promises.

At WasteFree Solution Mgmt, we understand the importance of providing top-tier amenities that elevate your property’s appeal and increase tenant satisfaction. One such service that’s quickly becoming a must-have in the multifamily housing market is Valet Trash Collection. Here’s how offering valet trash services can benefit your property and its bottom line:

Valet trash services are a sought-after convenience for modern renters. Research shows that 66% of renters rank amenities like valet trash collection as a top decision-making factor when choosing a rental property. By offering this service, you not only attract more tenants but can also command premium rent for the added convenience.

Providing valet trash service means happier tenants. With a cleaner environment and the convenience of doorstep trash collection, your tenants will appreciate the service. Valet trash can increase tenant retention by up to 15%, reducing costly turnover and maintaining a steady occupancy rate.

Valet trash services are more than just an amenity—they are a revenue driver. For properties with valet trash collection, ancillary income can add an additional $20 to $30 per unit per month, potentially generating $60,000 to $90,000 annually for a 200-300 unit property. This increase in Net Operating Income (NOI) can have a direct impact on your property’s capitalization rate (Cap Rate), increasing its overall value.

Outsourcing waste collection through valet trash services simplifies waste management, allowing property managers to focus on more critical areas. Additionally, you won’t have to worry about dealing with waste management vendors, dumpster maintenance, or unsightly trash areas, which can significantly reduce operational headaches.

Valet trash services help keep your property cleaner and safer by ensuring trash is collected promptly and disposed of properly. This reduces the chances of pests, odors, and litter, creating a healthier living environment for your tenants and improving the overall visual appeal of the property.

In a highly competitive rental market, offering valet trash services gives you a distinct competitive edge. This amenity not only attracts high-quality tenants but also sets your property apart from others that may not offer such a convenience. Plus, valet trash services contribute to positive reviews, improving your property’s online reputation and visibility.

With increasing emphasis on sustainability, valet trash services can help properties align with eco-friendly initiatives by offering recycling and waste diversion options. These efforts appeal to environmentally conscious residents and can contribute to green certifications like LEED, which can further boost your property’s appeal.

Valet trash services are a form of ancillary income in multifamily properties. These services can provide consistent, recurring revenue, which is typically added to the Net Operating Income (NOI). Here are a few more points on how it affects NOI:

• Revenue Generation: Renters can be charged a monthly fee (usually between $20 and $40 per month) for valet trash services. This fee can vary based on the market and the specific amenities provided. For instance, if you charge $25/month per unit and have 200 units, it would generate an additional $60,000 annually ($25 × 200 units × 12 months).
• Consistency: Since this fee is usually tied to the lease agreement, it’s a reliable form of income, contributing to a predictable cash flow.
• Low Cost to Implement: The operational costs to offer valet trash services are relatively low compared to the added revenue, meaning a high portion of that income flows directly to your bottom line, increasing NOI.

The increase in NOI directly impacts the property’s Capitalization Rate (Cap Rate), which is a key measure of investment potential. A higher NOI increases the value of the property, and the relationship between NOI and Cap Ratecan be understood as follows:

Property Value=NOICap RateProperty Value=Cap RateNOI​

For example:

• NOI Increase: A $60,000 increase in NOI (from valet trash services, for example).
• Cap Rate: Assuming a 5% Cap Rate (which is common for multifamily properties in many markets):

Property Value=60,0000.05=1,200,000Property Value=0.0560,000​=1,200,000

So, for an additional $60,000 in NOI, the property value increases by $1.2 million.

• At an 8% Cap Rate, the same $60,000 increase in NOI would lead to an increase in property value of $750,000.

• Tenant Satisfaction & Retention: Valet trash services contribute to higher tenant satisfaction, leading to better retention rates. This reduces turnover costs, such as advertising, cleaning, and leasing commissions, further improving NOI. The increased tenant satisfaction can also increase the willingness to pay higher rents, boosting income.
• Property Appeal: Offering valet trash services can differentiate a property from competitors in a saturated market, leading to higher occupancy rates. With higher occupancy, you get higher revenue from rent, improving NOI and, subsequently, Cap Rate.
• Premium Rent Potential: Some properties can command premium rent when offering higher-end amenities like valet trash, contributing not just to ancillary revenue but to overall rent collection. The rent increase could also result in a higher property value, as more rental income would flow through the NOI calculation.
• Long-Term Benefits: Over time, with high occupancy rates, satisfied residents, and efficient waste management, your property could see sustained increases in both NOI and property value.

Here are a few examples from the multifamily industry showing the potential benefits:

• Increased Revenue: Multifamily properties that implement valet trash services have seen up to $25 per unit per month in additional income. Over 500 units, this can add an extra $150,000 annually in NOI.
• Cap Rate Impact: As mentioned, an increase of $100,000 in NOI could add between $1.25 million and $2 millionin property value, depending on the Cap Rate.

Valet trash services not only provide convenience to residents but also offer significant financial benefits to property managers and owners. By incorporating valet trash into your property’s service offering:

• Increase NOI through reliable and recurring revenue.
• Enhance property value by improving tenant satisfaction, retention, and overall appeal.
• Reduce costs associated with tenant turnover and waste management.

The financial gains from valet trash services can easily translate into a strong return on investment (ROI), whether you're looking to sell the property or simply enhance cash flow.

By partnering with WasteFree Solution Mgmt for valet trash services, you’re not just offering an amenity—you’re investing in your property’s success. With proven benefits like higher tenant satisfaction, increased revenue, and lower operational costs, valet trash is a smart choice that can elevate your property’s reputation and profitability. Ready to improve your property? Contact us today to learn more about how our valet trash services can make a difference.

Email: Leslie.Bradish@wastefreesolutionmgmt.com

Phone: (913) 717-6399