Investors

8 Meth Myths we hear all the time

Working in this industry, we are privy to a lot more information than the average Kiwi when it comes to meth, for better or worse! Here are a few myths we hear being bandied about that we thought we’d set straight: Meth Myth #1: I don’t have to worry about meth – it’s only being [...]

March 9th, 2018|Home Owners, Investors, Meth News, Property Managers, Real Estate Professionals, Uncategorized|Comments Off on 8 Meth Myths we hear all the time

Insurance and meth contaminated property

Meth contaminated properties and insurance – what is the future? The difference between contamination from use of meth and contamination from meth manufacture is technically difficult to determine although generally the level of contamination from manufacture tends to be higher.  Both affect insurance claims. One thing is for certain, the period between no meth and [...]

October 5th, 2017|Investors, Property Managers|Comments Off on Insurance and meth contaminated property

Unfortunately, we’ve heard this all before!

Meth Test when buying a house When purchasing a property one of your first steps of due diligence should be a lab based meth test. The results help you make an informed decision to either move forward with further due diligence or walk away from buying that property. If you are buying a home you [...]

July 19th, 2017|Home Owners, Investors, Real Estate Professionals|Comments Off on Unfortunately, we’ve heard this all before!

Government working to amend Residential Tenancies Bill

Here at MethSolutions, we are watching closely the amendment to Section 59 of Residential Tenancies Act.  It strengthens the law for prosecuting landlords who tenant unsuitable properties, tenants will be liable for the cost of their landlord’s insurance excess up to a max of 4 weeks’ rent for each incident and also allows easier access to test [...]

June 1st, 2017|Goverment/Council, Investors, Policy, Tenants|Comments Off on Government working to amend Residential Tenancies Bill

Meth contamination: Ignorance is no defence at tenancy tribunal

A recent meth contamination Tenancy Tribunal decision shows that Landlords who fail to MethManage rental properties are creating more risk for their investment returns. Investors realise profits on rentals at the time the property is sold.  But if the property is contaminated with methamphetamine this may impact the market value as seen recently with a property [...]

May 16th, 2017|Discussions on Meth, Home Owners, Investors, Property Managers, Real Estate Professionals, Tenants, Uncategorized|Comments Off on Meth contamination: Ignorance is no defence at tenancy tribunal

Decontamination restores value in “meth house”

Prevention is better than cure when dealing with meth contamination.  But we're happy this property has been successfully cleaned and re-sold at auction netting gains for the former owners. Decontamination after positive methamphetamine testing successfully restores the home. Proactive MethManagement of rental properties is the key to maintaining asset value and ROI. Decontaminated house [...]

April 4th, 2017|Investors|Comments Off on Decontamination restores value in “meth house”

Does my insurance cover meth decontamination?

For the last few years MethSolutions has been advising clients that the window of opportunity for full insurance cover for meth contamination is closing and now it has closed. There is now a ceiling on any insurance claim settlement of between $25-$30,000. Article on meth decontamination insurance Image credit: Interest.co.nz Avoid big insurance claims Proactive [...]

April 2nd, 2017|Investors, Tenants|Comments Off on Does my insurance cover meth decontamination?

Property Inspection – Who’s Got The Key?

Who’s got the key? An important part of a Property Manager’s role is undertaking regular inspections to meet requirements of insurance cover, identify maintenance and repair needs as well as generally inspecting the property. So what happens during a property inspection?  You arrive on site, the tenant lets you in and you complete your inspection. [...]

November 10th, 2016|Investors, Property Managers|Comments Off on Property Inspection – Who’s Got The Key?