The next big rort to be exposed: Insulation subsidy

[artemis]

Guys, do we as landlords have to state something on the tenancy agreement about the property being insulated or something?

Do we need to have it checked by an independent person?

1. Yes.
2. No or maybe.

Details here.

https://www.tenancy.govt.nz/maintenance-and-inspections/insulation/how-to-write-an-insulation-statement-for-a-tenancy-agreement/

[Davo36]

1. Yes.
2. No or maybe.

Details here.

https://www.tenancy.govt.nz/maintena...ncy-agreement/

Thanks for that.

[Bob Kane]

So I can install the insulation myself, satisfy myself that it is up to the standard for 2019, sign off the form and that's it?
Sweet.

[Wayne]

So I can install the insulation myself, satisfy myself that it is up to the standard for 2019, sign off the form and that's it?
Sweet.

Simple as that.
Others would like you to believe that it is hard so they can clip the ticket to 'help' you.
The people who check the insulation for you have little, if any, qualification in the matter - they were taught how to measure and that's about it.

[Don't believe the Hype]

So I can install the insulation myself, satisfy myself that it is up to the standard for 2019, sign off the form and that's it?
Sweet.

Take photo's and keep receipts to prove R value of the insulation as there is a minimum which varies depending on where you are in the country

[GLin]

The insulation installing industry has been rorting the government over the insulation subsidy and the media and the politicians seem to be turning a blind eye.
I have a quote involving the subsidy:
Full price: $4636.80
Subsidy: $2318.40 - from the taxpayer and into the insulation installers pocket
Price to me: $2318.40

Another quote from an installer who contributes to PropertyTalk:
No subsidy
Price to me: $2700

Not a big difference in price to me between the two quotes.
So the work is really about $2500 which covers materials and labour.
The rort is the first quote where the installing company does the work and covers it's costs and makes a profit and then charges the govt $2300 on top.

If I have made some wrong assumptions then let me know.
The media seem to be picking on landlords who haven't taken up the subsidy and imply they are being cruel to their tenants.
Could the media have a close look at the insulation installing companies and check their figures?
I also wouldn't be surprised if the meth testing scammers have also set up an insulation installing company to develop another income stream based on deceit.

This has been going on for the past 6+ years. Insulation companies just pocket the subsidy as pure profit.

[Frezzinghot]

Just did it yourself and some a whole lot of cash!

[Davo36]

So is there a template for one of these statements?

I have the details of insulation at my properties. Just need to put something in writing stating it I guess?

[Don't believe the Hype]

So is there a template for one of these statements?

I have the details of insulation at my properties. Just need to put something in writing stating it I guess?

if you PM me i'll send you one of mine to take a look at

[Don't believe the Hype]

6 years ago the subsidy covered 100% of a couple of my installations. I guess between then and now the installations companies worked out they could charge twice for the one job.

[Bob Kane]

So is there a template for one of these statements?

I have the details of insulation at my properties. Just need to put something in writing stating it I guess?

Try this:

https://www.tenancy.govt.nz/assets/Forms-templates/insulation-statement.pdf

[Meehole]

Wow alot of detail to complete there, wonder how accurate they are when you're dealing with an old house. Our rental complies, unfortunately the same cannot be said for our own place.....:-( work in progress

[Don't believe the Hype]

Wow alot of detail to complete there, wonder how accurate they are when you're dealing with an old house. Our rental complies, unfortunately the same cannot be said for our own place.....:-( work in progress

Might need to charge a letting fee for the time it takes to fill out mandatory forms when signing a new lease.

[Wayne]

Might need to charge a letting fee for the time it takes to fill out mandatory forms when signing a new lease.

Silly statement really - you'd do it once, it doesn't change.
But you knew that.

[Don't believe the Hype]

Silly statement really - you'd do it once, it doesn't change.
But you knew that.

get out of the wrong side of the bed today Wayne?