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View Poll Results: Meth test any one agrees?

Voters
3. This poll is closed
  • yes with reservations

    0 0%
  • yes but paid by the interested party

    1 33.33%
  • yes,but voluntary

    1 33.33%
  • yes but not mandatory

    0 0%
  • yes 100 agree

    1 33.33%
  • no

    0 0%
  • no with reservations

    0 0%
  • no unless paid by the goverment

    0 0%
  • no unless there is help from the government to decontaminate

    1 33.33%
  • no meth has been around since the beginning of time

    0 0%
Multiple Choice Poll.
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Results 11 to 20 of 1217
  1. #11
    Join Date
    Nov 2008
    Location
    Karratha WA
    Posts
    1,444

    Default

    I am covered through Crombie Lockwood and have been assured it is in there somewhere. The policy is called monument rental property insurance (NZI & Vero).

    Contact details at: http://www.crombielockwood.co.nz/

  2. #12
    Join Date
    Jan 2007
    Posts
    482

    Default

    Quote Originally Posted by kingkong82 View Post
    so what happens if the property is constantly burgled...lol....
    Then your premiums go up.

  3. #13
    Join Date
    May 2007
    Location
    Hamilton
    Posts
    3,560

    Default $30,000 clean up cost and 10-30% reduction in property value

    Ive just been talking to a business that specialises in reducing Meth risks for rental properties. I thought you might be interested in the following brief summary.

    Insurance companies are changing their criteria, and your property might not be covered for Meth damage.

    The average cost to clean up a property after a Meth problem is $30,000. Ouch!
    Plus worse still, then no one wants to buy a property that has had Meth issues. This commonly reduces the value of the rental property by 10-30%. So if you have a rental worth $300,000, the total real cost in terms of clean up and lost value could amount to over $100,000! If banks hear about Meth issues they then relook at LVR ratios, which can make the borrowers life difficult.

    The Company I was talking to:
    - Provides a buying service for $99, where you can check to see if the house has traces of Meth. Gives a simple Yes/No I think this is a no brainer and you should be obtaining some kind of report before purchasing to ensure your next rental does not have a Meth issue. Also you should be asking the vendor and the agent about Meth.
    - Provides a monitoring and testing service for around $500 per year to ensure the property is kept Meth Free. They feel that being Meth free is a bonus, and that if advertised well might get the landlord $10 extra per week which then pays for the monitoring cost.

    www.methminder.co.nz contains further information as well!

    Ross
    More Profit from Property? TEACH ME MORE
    Ross Barnett - Coombe Smith Property Accountants
    Proud to give the best property advice for over 13 years.

  4. #14
    Join Date
    Sep 2011
    Location
    Dunedin
    Posts
    1,657

    Default

    maybe its time to hold the meth industry responsible for the cost od clean up

  5. #15
    Join Date
    May 2004
    Location
    Bay Of Plenty, NZ
    Posts
    3,604

    Default

    http://www.nzherald.co.nz/nz/news/ar...ectid=10879548

    Patsy Haigh, five doors from the P-house, said: "This is supposed to be one of the top addresses in New Zealand to live, then we have something like this. It's quite bizarre.''
    LOL
    Patience is a virtue.

  6. #16

    Default

    Does anyone think that the safety issue regarding Meth contamination is the usual overblown safety Nazi propaganda?To give an example, someone dropped a Mercury thermometer on her kitchen floor & it broke ,then calls the fire brigade who enter the house with safety gear on etc. Back in my day we would have just cleaned it up ourselves. Then a few years back a headmaster of a local high school had the entire recreation fields closed off because he'd found a small piece of Fibrolite [contains Asbestos].The over emphasis on safety issues in this country totally lacks perspective.

  7. #17
    Join Date
    May 2007
    Location
    Hamilton
    Posts
    3,560

    Default

    Yes it could be blown out of proportions. I think a lot of it is unknown and that is the problem.

    I wouldn't want to live in a house that had a P lab. Same as I wouldn't want to live under powerlines. Might be perfectly safe, but I'd still rather not. Or I would only buy if there was a large discount.

    I think it is worth investors checking their insurance to see what is covered. And also worth $100 to check a house before you buy it. Imagine the discount you could get, if your potential purchase tested positive? Or for me, I would probably walk away quickly. It just saves a whole lot of hassles.

    Apparently the occupants can get quite sick, if the house has been a P Lab, but this is just what I have heard and isn't fact.

    It was suggested to me, that if you think you have possible meth issues, that you get really good insurance in place that covers meth cleanup while you still don't know, then after 3 months get a test done.

    I think this is a new area to keep an eye on!

    Ross
    More Profit from Property? TEACH ME MORE
    Ross Barnett - Coombe Smith Property Accountants
    Proud to give the best property advice for over 13 years.

  8. #18

    Default

    I feel like I'm being sold a product reading this thread.

  9. #19
    Join Date
    May 2007
    Location
    Hamilton
    Posts
    3,560

    Default

    I have nothing to do with this product at all, or the company. Its also not a client of ours.

    I don't care whether you buy this or another product. But what is important is whether you have considered the risk of Meth to your existing rentals, or more importantly to a new one you might be looking at buying. I think meth damage could be a real risk to rental properties.

    I apologise if this comes across as a sales pitch, as it is not intended to. It is meant to be informative so that investors are aware of a possible risk.

    Ross
    More Profit from Property? TEACH ME MORE
    Ross Barnett - Coombe Smith Property Accountants
    Proud to give the best property advice for over 13 years.

  10. #20
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,719

    Default

    Quote Originally Posted by mrsaneperson View Post
    The over emphasis on safety issues in this country totally lacks perspective.
    Unless there is someone's privacy involved EG. A registered sex offender moves in next door and your three pre school children are at risk. You will not be told.


 

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