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 Speedrent, Guarantee Deposit Scheme (ask opinion)

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wheimeng
post May 12 2021, 10:15 AM

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Pls pm me your email and contact, I'll check it out for you.
frederick_kk
post May 20 2021, 09:52 PM

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after few months of using speedhome, now their team very slow respond edi, not following up rental for late payment, not issuing invoice after send the bills to then, not issuing notice of demand after tenant not paying rental after 14days, everyday send them a reminder also not reply, think twice if you planning to use this.
Nama saya Amad
post May 20 2021, 11:34 PM

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wow didnt know speedhome is that bad
cwt2878
post May 21 2021, 09:47 AM

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Used it over a year back and my experience was good
wheimeng
post May 21 2021, 11:06 AM

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QUOTE(frederick_kk @ May 20 2021, 09:52 PM)
after few months of using speedhome, now their team very slow respond edi, not following up rental for late payment, not issuing invoice after send the bills to then, not issuing notice of demand after tenant not paying rental after 14days, everyday send them a reminder also not reply, think twice if you planning to use this.
*
I've written an apology mail, sent out on 11th May. Did you not receive it?

https://speedhome.com/blog/public-apology-f...speedhomes-ceo/

Full headcount coming in next week, which I believe we will turn this slow/unresponsive issue around.

PM me your phone number/email, I'll look into this immediately.

This post has been edited by wheimeng: May 21 2021, 11:10 AM
Shining star
post May 31 2021, 01:20 AM

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QUOTE(wheimeng @ May 21 2021, 11:06 AM)
I've written an apology mail, sent out on 11th May. Did you not receive it?

https://speedhome.com/blog/public-apology-f...speedhomes-ceo/

Full headcount coming in next week, which I believe we will turn this slow/unresponsive issue around.

PM me your phone number/email, I'll look into this immediately.
*
Ur business model has some problem
A) put zero deposite and push the liability to insurance company.
B) speedrent still collecting 1 month rental advance fee which similar to traditional agent.

It mean speedrent still earn good,but the risk and liability are still at the cost of landlord. U think so easy to claim the compensation ? The compensation is not guaranteed.

Last time when in traditional way through agent, landlord has 2 months deposit, it minimize their loss. Without deposit, it tend to hv more low civil mindset tenant due to low barrier entry. Like they didn't take care the rental property. And tend to bye bye without advance notice. Landlord may only know when they didn't pay rental.

Every bodies can see what happens to ubike (sorry, I could not remember the name, some company put many bicycle during SEA game 2-3 years ago under shared economy). But all the bicycle was stolen, sabotage and not practical ( how often u can drive bicycle under hot sun continuously ?)
Sorry to say, we are not prepare for it.


wheimeng
post May 31 2021, 09:29 AM

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QUOTE(Shining star @ May 31 2021, 01:20 AM)
Ur business model has some problem
A) put zero deposite and push the liability to insurance company.
B) speedrent still collecting 1 month rental advance fee which similar to traditional agent.

It mean speedrent still earn good,but the risk and liability are still at the cost of landlord. U think so easy to claim the compensation ? The compensation is not guaranteed.

Last time when in traditional way through agent, landlord has 2 months deposit, it minimize their loss. Without deposit, it tend to hv more low civil mindset tenant due to low barrier entry. Like they didn't take care the rental property. And tend to bye bye without advance notice. Landlord may only know when they didn't pay rental.

Every bodies can see what happens to ubike (sorry, I could not remember the name, some company put many bicycle during SEA game 2-3 years ago under shared economy). But all the bicycle was stolen, sabotage and not practical ( how often u can drive bicycle under hot sun continuously ?)
Sorry to say, we are not prepare for it.
*
Hmm... the 1 month rental that we collect is paid to Allianz as an insurance premium. We, as insurance agent gets commission for selling insurance package. Transferring risk from individual to insurance company is exactly the business that the latter is in.

I think you have misunderstood the business model of SPEEDHOME.

I've written extensively about SPEEDHOME biz model, you can decide what's best for you. Read it @ https://forum.lowyat.net/index.php?showtopi...post&p=98925082
wheimeng
post Mar 10 2023, 07:33 PM

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https://www.nst.com.my/property/2023/03/886...ntals-last-year

We have opened up deposit model to give maximum flexibility to owners to choose the strategy for the rental homes.

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