1. FOC for landlord, 10% for tenant.
2. We hate to call ourselves as guarantor, but yes.
3. We have been in market since June 2015. I've personally pump in RM500k into the company.

Some background:

http://property.sinchew.com.my/node/3387
http://www.bloombergtv.my/video/australia-...radar-says-ceo/

bumped, liked and congrats esp putting yr own money where your mouth is.. :thumbsup:

it's been a while.. just to share some random thoughts with the sincere hope that both speedrent & speedsign will take off successfully in a big way..

i let the agents do the filtering, but often i close the deal myself.. comm still applies of coz..

commie rental i.e. corporate & retail leasing will still have a small window to explore, coz staff / employee may wanna earn some moolah dealing direct with owners.. the middle range corporate tenant will also prefer to deal direct eith owners, but MNCs usually have their own panel of sourcing agents..

the penetration strategy of zero-down for tenant is a calculated risk not only for the system vendor, but also for the landlord.. by the law of probability given the normal considerations, it may work.. afterall this is a platform, if harnessing the owners / tenants community gains traction from this campaign, it can monetize the traffic for cross-sell to other product and services.. there are many start-ups going purely for flipping-strategy, high burn-rate to accelerate traffic. they will target investors for exit / divestment based of the traffic-CPC-keywords valuation method then only think abt how to monetize the system itself.. i believe you and your team is not that short-sighted..

but bro, imho, this is truly susceptible to fraud attempts despite of the ID verification as there are many cloned cards out there.. i hope u have a manual pattern recognition to sieve it out, not entirely dependent on the automated check&balance.. the fraudsters are usually 2-3 steps ahead esp in the plastic industry.. i wud put a max exposure overall capping i.e. credit policy, as the parameter to control potential losses while being able to test out this solution..

keep it up, go on and disrupt the eco-system.. but communication is key, and engage all parties including the agents.. just my humble 2c..

not sure what is the response currently on the no deposit scheme but for owners who are flexible meaning
they could go either way depending on the tenant's preference, there should be an option on the app to cover
for this as well..

Most of msians who i met a bit lazy to do the work themselves. They dont mind paying to agents as long as agents get good $ for them. Those who i met generally own 5 props and above. Already lazy

I personally don't recommend tenants or landlords doing this.

If tenant need to pay monthly rental with credit card and stretch the 2+1 deposits. This means the tenants need 45 days to pay the rental. I would be wary whether the tenant then would be responsible to take care of my property.

Landlord should focus on selecting a better tenant profile or adding value to their property.

Speedrent, if you are willing to insure my property against tenant's damages up to the property's construction value, then I might consider your scheme. The deposit is a security deposit anyways.

in all fairness, speedrent has identified the target market.. so called, under-served.. perhaps playing a bit on the desperation factor.. it is not a 1-fit-all solution..

it may create another set of problem with the trigger-free plastic generation.. guess what, the more creative ones will even do a balance transfer with zero-interest for 12 mths after swiping.. be it the mthly rental or the one-off security deposit charge..

it's all back to the discipline and integrity of the tenant, if it can be parked into a virtual account which is interest-free, the tenant may end up with forced-savings by the end of the tenancy coz he/she will be able to collect back the deposit refund that were paid by installments.. u get the drift..

Emy boss is the Emy fr wtf???

yes, janitor boss.. how's yr arcadia trophy? heard quite immune to current sentiments.. maybe won't explode as anticipated, but may still fare better than rest of the commies.. those with holding power like janitor boss will not have to worry, as opposed to those bragging kings waiting to lausai even with a low-end prop..

Nice to c u again Sir Emy. Siudai janitor chui sui no. 1 la. How to b sure arcadia can do any beta than project with gurus sapoting the backbones.

At current econ it's oledi jackpot to cover repayment. The rest eg misc insolan quit rent assessment maintenance wear & tear all have to dig the garden to get coffin moolah.

Anw hope speed rent can oso offer for commi in order for more users to enjoy the platform.

haha.. thx for bringing back to the topic.. rusty liao, losing focus..

speedrent only requires 50% off rental on 1st mth, commies usually gives 1 month fitting out period.. sure janitor boss hope speedrent will do a commie version lah, untung 1/2 mth.. kekeke..

anw, nice to c u again..

Got taiko told me emyght gor is back. Must say Hi Hi...

Back to invisible mode ...

hi BJ commie king.. havent butterfly yet..? invisible but certainly not sleeping like me.. kekeke

Cocoon boss has turned butterfly long ago. Huat til pig head liao. Tis is cocoon Jr

dun think its feasible for commies..
now for resi its capped at 3k monthly rental max..

commies is a different ball game together as monthly rental can run into double digits..gulp..

anyway, giggs and emy taikors  would already have their renters all lined up before VP...)