Compare Listings

St. Louis City recycling bins begin appearing

St. Louis City recycling bins begin appearing

Own real estate in the City of St. Louis? If you do, you probably hate paying that annoying 1% earning tax on your income, but at least that helps to cover trash collection fees for you right? Sadly, not anymore. The St. Louis Board of Alderman recently passed a bill, which returns trash pickups to two times a week and adds single-stream recycling bins in alleys. This containers are just now showing up around town.

There seems to be some level of uncertainty exactly when recycling containers will be in place citywide, but they are beginning to pop up. The recycling bin in this picture was found in the Shaw neighborhood. Since property owners now have to pay a $11 a month ($132 a year) fee per unit on their properties, hopefully this service will be expanding quickly.

The bonus of having easy recycling aside, this bill is going to hurt a lot of owner-occupants and investors. Especially those already on a tight budget or who own multi-families. With the fee being charged on a per unit basis, owners of a 4-family property now have to pay an additional annual fee of $528. This is a tough pill to swallow in terms of cash flow. Trash pickup has never been “free” in the City as many claim, it has just been paid for out of other tax sources. Now they are taking even more money while in the midst of a recession. These better be some magical recycling containers.

img

Matt Kastner

Matt Kastner is an Investment Real Estate Consultant at St. Louis Real Estate Society in St. Louis, Missouri. He is also develops properties on the side through Threshold Properties. When he isn’t representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business since 2004.

Related posts

Multi-family Window Replacement Program

Lead can not only be hazardous to your health, it can also be hazardous to your pocketbook. If you...

Continue reading
Matt Kastner
by Matt Kastner

St. Louis’ Multi-Family Lead Remediation Program

In addition to the Multi-Family Window Replacement Program, the City of St. Louis recently also has...

Continue reading
Matt Kastner
by Matt Kastner

City-covered sewer repair in St. Louis

So your sewer line has backed up and a simple Roto-Rooter cleaning did not solve the problem? You...

Continue reading
Matt Kastner
by Matt Kastner

Join The Discussion