One owners trash is another's treasure

Managing a waste program at any commercial property can be time consuming and frustrating.  Deciding on which trash hauler to use, frequency of hauls, compactor or no compactor, etc... is an issue that plagues every owner, property manager and investor of any commercial property at anytime throughout the year.  

While the issue may be a pain for some, it can be a revenue source for many.  Depending on the type, size and lease requirements that any property has, there is a potential to make significant ancillary revenue from your tenants garbage.  Many large international developers work with local, regional and global waste management companies to take over the trash hauling at the property level.  Not only does this save time and aggravation of the property manager but the waste hauler will share revenue to the property as a pad rental fee.  

Depending on the size and nature of the property this pad rental can range from a few hundred dollars a year to six-figure fees in some cases.  There are many waste haulers that are willing to implement a program such as this.  While this may cause the property owner and manager to incur an investment up front, the return can be significant.  

While your commercial property dumpsters may be a continuous source of frustration, there may be some cash to consider before signing sending out that next invoice to your tenants.  Take a look into your smelly, dingy, 2-ton crystal ball located at the rear of your property.  What do you see?  Trash or treasure?