buyback program

An equipment buyback program to help boost your bottom line

Reliance offers a buyback and rental program designed to help you make the most out of your operation.
Monday, July 18, 2022

As a property manager, knowing that properties’ mechanical equipment is well-maintained and operating at optimal performance is vital for your peace of mind, for the peace of mind of residents and tenants, and for your bottom line.

All equipment requires recurring maintenance and replacements to perform optimally over time. When you own your HVAC, water heating, water purification, or other mechanical equipment, servicing and maintenance costs are inevitable and the price of labour, repairs, and replacements – not to mention time spent – all adds up. At critical times when property managers may be short on reserve funds yet still have to spend time and resources on other building repairs and maintenance and overall property upkeep, this can hinder your business and your operation.

But it doesn’t have to be this way. That’s where Reliance Commercial Solutions comes in.

You already know that Reliance’s Property Management program is built to be a one-point solution for real estate owners, managers, and operators of residential and commercial properties.

Did you also know that Reliance also offers a buyback and rental program that is designed to boost your bottom line and help you make the most out of your operation?

Lift the pressure with Reliance’s Buyback Program

Exclusive to Reliance Commercial Solutions™, the Reliance Buyback Program is a way for business owners who own their current water heaters, boilers, or HVAC equipment to transfer ownership of their equipment to Reliance for funds that can be used for other investments in your business. If your equipment meets the right criteria, you could be eligible to earn up to $20,000* that can be reinvested in other areas of your operation and ultimately improve your bottom line.

In the face of the need to adapt to unprecedented financial and operational challenges, property owners and managers can benefit from an infusion of capital for qualifying equipment.

First, determine how old your equipment is. You may qualify if:

  • Your water heater is six years old or less
  • Your boiler is eight years old or less
  • Your furnace unit is 10 years old or less

Next, arrange for one of Reliance’s qualified technicians to inspect your equipment to ensure that it meets requirements. If your equipment meets the necessary requirements, Reliance will calculate the buyback amount in one of two ways:

  • If you have the proof of purchase and installation, we will use this full amount to calculate the total buyback amount.
  • If you no longer have the proof of purchase on file, we will be happy to provide you with a quote based on the cost of our own equipment.

Find a rental solution to make your job easier

After the buyback is complete, Reliance assumes ownership of your old equipment. Property residents will then rent the equipment from Reliance, and you will never have to worry about the costs associated with repairing or maintaining your heating and cooling equipment. Renting with Reliance eliminates the risks associated with equipment ownership and the risk of downtime due to equipment failure, with no extra repair or service costs. Reliance offers flexible rental and financing options and has 800+ licensed HVAC and water heater technicians, installers, electricians, and plumbers, available for round-the-clock customer service and same-day response times to provide the expertise and peace of mind needed to keep your essential facilities running smoothly.

Putting your residents’ and tenants’ service needs in Reliance’s hands lets your team focus on other core management duties and re-invest capital into high-value areas. You can also speak with a Reliance representative to find out more about potentially gaining access to government grants by outfitting your properties with Reliance equipment that may be energy-saving.

Get tangible results

Don’t just take our word for it.

Reliance helped a Brantford co-operative resolve its serious heating and cooling problem. Not only was the equipment old, outdated electric baseboard heating that was creating uncomfortable conditions for tenants and staff, it was inefficient and led to rising hydro bills. Replacing the system was a challenge for the members because the Co-op could not afford to purchase entirely new equipment.

In response, Reliance installed a new ductless HVAC system to replace their baseboard system. Individual installations were coordinated by a designated Install Manager to accommodate the facilities’ and condo owners’ requirements, and Brantford was able to rent the equipment through a plan that suited them, unlocking cost savings as well as improved heating and cooling throughout the year. The Co-op ultimately lowered its hydro bills by half in the first year thanks to their new equipment, and they can also now resolve any service or billing issue with a phone call to Reliance.

Meanwhile, in Huntsville, Ont., condo owners and the property manager at Vernon View Condominiums were dealing with significant challenges caused by the building’s aging gas-powered water heater tanks failing, leading to a lack of heat and hot water as well as flooding damages.

Reliance delivered and safely installed 20 Combomax Ultra water heater units to restore the supply of hot water and heat, as well as residents’ comfort and peace of mind. To help the property manager establish more cost certainty, the equipment and future maintenance services and costs are now covered through the Reliance Rental Program. This new energy-efficient equipment has also led to tangible results such as a reduction in CO2 emissions.

Teaming up with Reliance and taking advantage of the Buyback Program and Rental Program ensures you can rest easy knowing your equipment is being cared for by experts and allows you to reap the reward of benefits for property managers and residents alike.

To learn more about Reliance’s equipment solutions or to speak to a dedicated Key Account manager, call 1-866-764-8131 or visit Reliance Commercial Solutions – Property Management Program online.

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