do we need to sign tenancy agreement and buy insurance with Speedhome?

how to claim the annual aircon service?  my contractor charge me the below:

R22          410a
1hp-130 1hp-200
1.5-170 1.5-230
2hp-210 2hp-280
2.5-270 2.5-340
3 rooms unit usually have 4 aircon. so annual service will be about RM600-1000 even without change of parts.  i always charge my tenant from his deposit

and also the painting , can we claim ? most times there are some stain here and there , we have to paint the whole house to look nice.  usually i deduct from the deposit depend on the stain , partially , 50% or full cost of RM1500-2500

u mean landlord can claim teh annual aircon services??

Hi wheimeng,

I'm having the following problem and your team hasn't provide the solution yet. My tenant is giving an excuse of mco for not leaving my unit within the agreed date.
However, I can't allow him to overstay due to the reasons:

1) it was agreed multiple times that tenant will moved out from my unit on 29th April. Thus, it is tenant and prospect landlord to plan this in advance during the mco situation.
2) the mco doesn't restrict tenant to move to your new place as long you have a valid agreement with the prospect landlord. this approach has been checked and approved by new tenant with the police.
3) it is a crime for overstaying at my unit without landlord approval as stated in the tenancy agreement and can be detained as breaching of private property.
4) my insurance will be expiring on 28th April which will not be applicable for overstaying and this is unfair for me incase there are any goods are damaged.
5) existing tenant had been informed  about my new tenant about the urgency to move in to my unit since she's pregnant and her in laws are staying at block A ken rimba.
6) my prospect tenant can sue me for not fulfilling the agreement date on 30th April for moving in to my unit since both parties have signed and they pay the full deposit.

I also drop you an email, kindly please check the best options to evacuate the tenant out.

Kind regards,
Mk yap

I think for drilling of holes, it can be disallowed and it is reasonable to claim for compensation/insurance from Allianz via SpeedHome. Of course, its still up to their discretion and seems pretty much border line. Just make sure its clearly stated inside your additional clauses that no drilling is allowed. But double sided tape seems really minor, think it'll be hard for that.

https://www.starproperty.my/news/117398/mco...-strata-schemes

We confirmed with KPKT last week that it's not permissible to move house except essential personnel.

What you said is correct under normal circumstances, and we cannot do something that put anyone in risk of breaking the restriction.

Hi, can someone help to advise how do I unarchive a listing? I suspect the listing became archived due to it being listed too long as there were no viewings encouraged during MCO.

Not sure if its' a good or bad thing, but yes, have personally experienced it myself. Have used SpeedHome a few times and the tenant experience ranges, from those that are very good (landlord's dream tenant to those nightmare from hell).

Secured a foreign tenant from Central Asia 2 years back. Paid more than the normal rate but wasn't too comfortable with his character (based on first impression, six sense). Nevertheless, went ahead with him through SpeedHome (it was called SpeedRent back then). First 6 months were fine, thereafter, that's when the nightmare begin. Calls and rental not paid. After 1 month++ of no answer, decided to break into the unit only to find it in an absolute mess and shit hole condition. Tenant left the unit for quite some time already. Only good thing was that he had already evacuated the place, so there was no need for any confrontation.

Lodge police report, file for claims, engage cleaners, fix back the unit. All in all, managed to get back the unit into rent condition within 2 weeks and actually even rented it out within 1 week once it was on the market (also through SpeedHome again, but this time, a better tenant, who is still renting it up until today)!!!

So, here's the thing. All-in-all, if I were to look back and analyze the situation, I don't think the part of getting a tenant from hell can be avoided, be it renting it out on our own, through a property agent or through platforms such as SpeedHome. As bad an experience as it was, I was lucky that SpeedHome's insurance pay out managed to cover most of my damages, RM8k+- (it came out to be about 4x the monthly rental). That's how much I claimed through the insurance. Had I go for the normal tenancy agreement with the conventional deposit, I would probably had only be able to collect 2x or max 2.5x monthly deposit.

Of course, having the deposit collected up front would give one a feel good feeling, since its cash in hand. Insurance claim on the other hand will need documentation and time to process (got my money within a month, not too bad, but certainly hope it can be better and faster). But at the end of the day, it is obvious that the SpeedHome deposit would be better compared to a conventional deposit.

I only figured out the part where conventional deposit would be better. If its for scenario whereby landlords decide to keep the deposit regardless of how good the unit condition is after the end of the tenancy (bullying tenant) or if the landlord has plans for that money and is able to roll it or invest and get a significant return before finally giving it back to the tenant once the tenancy is over. This is particularly true if one has a significant amount of properties. (Example: 8 properties, each with monthly rental of RM2k). If each property he collects 2.5 months and the units are hot properties that are always rented out, he/she will have RM40k of deposit at any point in time. Good to roll and invest.

All in all, SpeedHome is a decent option if one wants to rent out his/her unit and have that piece of mind as far as protection is concerned. No guarantee that the tenant will not give issues (this will require further effort from the landlord end in order to ensure this. For example, I make it an effort to verify the place where the tenant is working, tenure of employment.....etc). Not sure if its' the best option in the market, but certainly better than many others out there (including real estate agents who take 1 month commission and give you nothing else in return once the unit is rented out).

Cheers.

Hi Speedhome, may i know why are you holding my money? I have received noticed that the tenant has paid, but it will take a fews to be transferred to me?

Why is the need to hold my funds? This is alarming as the above message shows you are fund raising which indicates a need for more funds whilst my payment is being held by Speedhome.

hi guys, want ask about this speedhome. is cheap rental house also able to advertise there ?
i got few cheap house rental around 700-800 per month.
i did advertise few times last few years but didnt get any feedback.

and about the tenant pay the rent, they must pay using credit card ?

Wheimeng, does speedhome covers penang markEt too? I notice most if the propertIes listed at speedhome are from klang valley areas. Not sure you can get tenant for me if my property is in Penang

Ofcos someone would wanna view all these details way before the signing of the TA

Anyway my main concern with SpeedH remains la. In a normal TA if my tenant continues for 2nd n 3rd year I would still have the deposit with NO additional cost as the landlord while if I was with Speedhome I would have to either get the deposit or pay another one month of insurance.

Also if the tenant has no skin in the game i.e. no deposit money with the landlord they would be less inclined to take care of the unit. I would list up my units via speedH also but I would price it higher.

My2c

@wheimeng I filed claim against my ex tenant after evicting him for failure to pay rental and utilities after only 4 months occupied, was told current insurance will cease & non refundable and for new tenant new insurance will need to be purchase. What are the option for me?

My current claim are for lost of rental, minor repair, utilities and move out house cleaning.

That's good. Reported in ccris/ctos?

Most of your next concerns can easily be mitigated by extensive due diligence of the tenant. I have yet to own a condo that needs so long to rent out to a good tenant. But will surely keep SH as an option.