methaffected property - methsolutions · methaffected property how a proactive approach can help ....
TRANSCRIPT
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MethAffected Property
How a proactive approach can help
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Know what you are buying and protect what you have from meth contamination
Joining the dots on P
• Why all the fuss?
• Routes to contamination
• Scale of the Issue
• What can be done
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The perception
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The reality……
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Know what you are buying and protect what you have from meth contamination
Meth lab effects – Health Short Term Exposure – Acute
• Headaches
• Watery or burning eyes
• Nausea
• Burning skin
• Coughing or Choking
• Pain in diaphragm
• Feeling of coldness or weakness
• Shortness of breath / dizziness
• Decrease in cognitive function,
• Vertigo
• Convulsions
• Sleep disorders
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Know what you are buying and protect what you have from meth contamination
Meth lab effects – Health Longer Term Exposure – Chronic
• Cancer
• Nervous disorders/Tremors
• Damage to kidneys and liver
• Birth defects
• Reproductive problems
• Death
• Children at proportionately higher risk
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Know what you are buying and protect what you have from meth contamination
Meth Consequences – Landlord MethSolutions Baseline test $150 to $500
Forensic testing $2,500 to $3,000
Decontamination $10,000 to $50,000+
Retesting $2,500 to $3,000+
Fit out $5,000 to $50,000+
Loss of Rents $?,000
Loss of Value of Property $??,000
Reaction of Banks $??,000
Future Liability and Health $???,000
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Know what you are buying and protect what you have from meth contamination
Meth Consequences – Tenant
MethSolutions Baseline test $150 to $500
Acute Health Effects $?00 to $?,000
Chronic Health Effects $?,000 to $???,000
Contamination of possessions $?,000 to $???,000
Alternative accommodation $?,000 +
Additional Travel Costs $?00
Loss of income $?,000
Emotional & Psychological harm $?,000
Reaction of other landlords
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Know what you are buying and protect what you have from meth contamination
How Contamination Arises
• Use contaminates property
• Takes time
• All property types at risk
• Manufacture results in immediate contamination
• 32% of long term users try to make it
• +70% labs found in rentals
• Ministry of Health Guidelines 2010 0.5µg/100 sqcms
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Know what you are buying and protect what you have from meth contamination
The scale of NZ’s meth contamination
Official police busts
±2000
Estimates of P lab totals 20,000 to
40,000
Labs move around
??,000 to ???,000
Use contaminates
property ???,000 to
???,000
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Know what you are buying and protect what you have from meth contamination
The scale of NZ’s meth contamination
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WHO HAS THE PROBLEM AUCKLAND?
As at 31 December 2015
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WHO HAS THE PROBLEM NZ?
As at 31 December 2015
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Know what you are buying and protect what you have from meth contamination
Meth & Meth Lab Indicators
Things that may indicate meth related activity • Unusual chemical odours
• Paint thinners/acetone • Cat urine
• Access denied to certain rooms • Neighbours notice unusual activity • Visitors at odd hours • Occupants are uptight/secretive • Rent always paid in cash • Damage to the property • Reports of violent/anti-social behaviour
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Know what you are buying and protect what you have from meth contamination
Things that may indicate meth related activity • Blacked out windows/curtains always drawn • Rubbish – drug packaging chemicals • Security cameras installed • Cigarette butts outside • Chemical burns in garden • Corroded drains • Corroded light fittings • Drug paraphernalia • Missing lightbulbs
Meth & Meth Lab Indicators
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Know what you are buying and protect what you have from meth contamination
Things to look for on inspection • Litmus/Ph papers • Lab ware – equipment and paperwork • Containers containing unusual fluids
• Clear with chalky solids at bottom • Two layered liquids
• Used coffee filters with unusual colouring • White pasty or red/brown
• Cookware with white/crystalline powders • Hot plates near chemicals • Unusual chemical odour – how do you feel? • Stains on walls/ceiling/carpets – yellow brown • Burns of carpets
Meth & Meth Lab Indicators
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Know what you are buying and protect what you have from meth contamination
Property Management Limitations
• Actions of Partners Family and Friends
• Coercion of at risk people
• ‘Good’ tenants turning ‘bad’
• 48 hours notice for access – time to clean up!
• Willingness of communities to do nothing
• Courts bailing people to properties
• Police not following up with property owners
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Know what you are buying and protect what you have from meth contamination
Spot the meth contamination
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Know what you are buying and protect what you have from meth contamination
MethSolutions • NZs only proactive MethRisk Management business
• Purpose
“To help reduce the harm MethAffected property causes people”
• Core Service Offerings • Baseline testing – Basic screening • Insights Testing – More information • Detailed Testing – Clean up focused (CPINZ) • MethManagement – Investment/Commercial property • MethRisk Management - Real Estate Professionals
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Why Meth Test On Purchase?
• Investment returns!!!!!!!!
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Know what you are buying and protect what you have from meth contamination
Choosing a Meth Test
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Choosing a Meth Test
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Know what you are buying and protect what you have from meth contamination
Protect what you own
• Window of insurance opportunity
• Ignoring the problem makes it worse
• MethManagement reduces risk
• MethManagement results in opportunity
• Improve bottom line performance
• Investment starts at around $10 per week
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Know what you are buying and protect what you have from meth contamination
Does it work? • Baseline meth test on purchase
• Issues quantified/ruled out
• Right price paid
• Property marketed as being MethManaged
• Status used to assist tenant selection
• Rent lift $30-40
• Tenants stay longer
• R&M costs reduce
• Easier to manage
“A stunning return on investment”
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Know what you are buying and protect what you have from meth contamination
Questions to Ask Yourselves • How are you currently managing the risk?
• What insurance do you have in place?
• How will you fund the fix?
• How is the liability landscape changing?
• What opportunities are you missing?
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Know what you are buying and protect what you have from meth contamination
Summary
• Risk is real and significant
• Most people unaware
• Normal management not enough
• Proactive management essential
• Early adopters will find opportunities
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Know what you are buying and protect what you have from meth contamination
Contacts
• Miles Stratford
• 0800 6384 522 (0800 METH LAB)
• www.methsolutions.co.nz