back to the topic..

188 boss.. imho, for startups and esp with IT, i mean the technical implementation, anything is possible..

but the biz model and marketing is what sets it apart.. if speedrent oredi has the platform, they are 1 step close and faster than other startups, if the commie rental module shud ever be considered..

i personally think the space is even bigger than the resi.. in terms of ticket size, commie terms and the even esp the weight on agent-dependency ratio.. however, it may well be serving the agents esp on the the sourcing part.. i honestly think that there is a more prominent market gap here..

in a relativity study, iproperty tried to separate out its commie prop into another platform but failed to hit off as they have already trained the market too accustomed to rojak listings.. but ecer wonder why the "tried" to separate the platform..?

anw, i leave you with this office rental model with a twist.. http://flyspaces.com/

tsg - as always, thanks for sharing your valuable insights..

for speedrent, i think that they are starting with resi first to "feel" the market and to gauge the performance of their app and if proven successful, they may and could just take on the commie market.. Just on the no deposit part
for commie, I think that may just prove to be very challenging as far as implemention is concerned..

flyspaces - interesting indeed, and in this challenging market condition, this may just be the answer for some owners who are finding it hard to find tenants the regular way

Anybody can explain this?

"By subscribing to the “Speedrent Rental Guarantee” service, you agree to purchase a landlord insurance policy from Allianz General Insurance Company (M) Bhd or any such insurance from other insurers as agreed by the parties (“Insurer”). You agree that Speedrent may collect the Rent on your behalf and that the advance rent paid by the Tenant for the 12th month rental will be utilised by Speedrent to purchase the insurance policy."

Speed rent take one month rental from you. No different from you hire an agent and pay one mth commission. Sorry to say that, speedrent ll ve hard to survive.

Speed rent take one month rental from you. No different from you hire an agent and pay one mth commission. Sorry to say that, speedrent ll ve hard to survive.

More than that, landlord has to give 50% discount for the first month rental, so total is 1.5 months rental.

More than that, landlord has to give 50% discount for the first month rental, so total is 1.5 months rental.

More than that, landlord has to give 50% discount for the first month rental, so total is 1.5 months rental.

You got to give win win solution to both parties, how the hell landlord want to list if u take away 1.5 months rental...

Response isnt good either from tenant.

So far i advertise in Roomly for room to rent the response is quite good there.

This speedrent i have advertise a few and receive none feedback.

also honestly id rather pay 1 month commission to agent that heps to filter the kind of tenant profile i want and they help me out to do the tenancy agreement and stamping  .

Speedrent still need to create more awareness by spending in the advertising and promotion.
Still many ppl not aware of this apps.

The landlord who use the apps need to filter the potential tenant. If u use agent, then u also need to filter the agent first to make sure they get u the right tenant. I have come across agent bring in tenant in Jan who only interested to rent in June, also experienced the so-called tenant just want to come in to see the new delivered project with no intention to rent.

i beg landlord not to be mistaken for being flexible in opting for this scheme..

more random tots..

system vendor offering "guarantee" scheme is quite daring but may attract some hardcore nip-ticking end-users i.e. unwanted publicity, or hit by a slew of genuine bad-tenants or organised fraudsters..

landlord participating in the scheme may be matched with touch&go tenants, damages / losses > the 3 mths cover..

not all tenants can accept the 10% premium due to the recurring nature as well as relatively bigger ticket size expenses..

maybe, just maybe..

stop-gap measures.. for system vendor, cap the total payout or failure rate.. run it as a campaign with definite timeline.. it is to promote brand awareness anyway..

as well as landlord, try to do min fittings / furnishings.. and in quite a few stratified buildings, they hv already implemented bulk metering for TNB supply.. the digitised system can cut-off the power supply remotely from the management office if it hits a threshhold of usage and when the payable remains outstanding.. all these are independent mitigation systems in manual tenant management if everything else failed..

for tenant, if speedrent can introduce card payments.. then it also mean that it is possible for the tenant to pay the security deposit by card.. they can roll by paying the min amt at lower than 10% charge.. work the math, it shud be cheaper by the end of the year, depending of how much is revolving and the term / duration of the tenancy.. it may solve the deposit part, as well as the top-heavy entry level.. but as is, who will bear the inter-change fee and at what rate, speedrent must earn their margin to be fair..

just my humble tots, still out of job now, retraining myself to stay relevant..

1) how to halau the problematic tenants
2) what's the charges?
3) how's the response? I guess not good. Imho, ppl who can't even afford deposits might be potentially problematic in paying rental on time in the future. (no offence to anyone ya)