my experience using speedrent..mostly tenant tries to lowball the rental...i advertise for rm2.2k per month

got enquiries wanna rent for 1.2k (wtf?) and 1.8k(okaylor)

then my agent secured a tenant for 2 years contract for rm2k per month..win liao lor

dunno about others but my agent delivered liao..haha

@hakamika – happy to discuss if you know anyone in MIEA wish to collaborate. Please allow me to segment the market so that you can see the market clearer and where speedrent is positioned:

In my world view, there are 3 types of landlord:

1. very busy, very wealthy, hate hassle – agent’s market.
2. the opposite of #1, wanna know tenant, wanna DIY – underserved market, and speedrent is here to fill the gap.
3. hybrid of #1/2, whichever find me tenant the speediest, I’ll either pay or DIY. This is a market we will compete head on.

So we don’t wipe out agents, we co-exist.  (cheahcw2003 is the hybrid I mentioned, and I believe they form the majority of the market)
@godlikexioo thanks for the support.

@Asali I did not start the thread. hungryJack wanted to sought for opinion of our no deposit deal.

Actually we are quite different in terms of filtering. We have begun CCRIS / CTOS / RAMCI to credit score tenant (this is one of the major step on how bank approve loan). Next month we will start Global Criminal Check on foreigners as well.
I believe what you experience as to 'look see look see' tenant is everywhere, just that agents will deal with that.

It's crucial to speak to the tenant a little more before doing viewing appointments. Acknowledging this is a problem - we will have this solution by Q3 this year.

They actually have a decent video that explains the whole process. Perhaps you can download the app and try it out? Quite an impressive and intuitive app I would say. My only comment would be most of the prospective tenants that I search seems to be agents or 'not serious tenants'. Other than that, a pretty good app.

If you've finished your bank loan better use your condo apartment as weekend home. Safer like that LOL. Do it up nicely if you can afford and use it yourself. I rather do like this.

If you let it sit quietly you still no rugi if the property appreciates in value. Sometimes renting out is a headache also. Young adults today are very strange bcs they ask for Rm100-200 discount saying they have problem with their budget. If I hear like that I get scared bcs how would they pay the monthly rental. I always tell them to look for cheaper areas. They want better areas/furnishings but don't want to pay. The budget is just a trick. If you cannot pay 5 star price then look for 4 or 3 star,right? They are just trying their luck bcs they think a lot of landlords need to furnish the bank loan. If you're no longer repaying the bank just don't layan this type.

One more thing I discovered that the real estate negotiators have cornered the market so I don't know how speedrent with its terms that's so lop-sided will fare in this kind of market. Also they are in control of everything - our deposit/our monthly rental. We have no control over our property/tenant at all.

If you advertise on Mudah.my I bet you out of 10 inquiries 8 or 9 will come from those RE negotiators. Tenants these days go to them bcs it's easier. If you put your property up on Mudah these guys will look for you so it's easier no need to hunt them down. These people are exactly semacam vultures. They only bother if they could make a killing. They drop you at once when they find you won't layan their ridiculous requests. Neither would they reduce their commission by even RM1!!! They must make their profits while landlords are supposed to do charity LMAO.

What do u mean by landlord benefits? Such as?

Q: I was discussed few times with speedrent guys. They're only think about tenants side and whole processes are favorite to tenants. I am not sure speedrent guys got landlord experiences or not. All i can sense they have ton of tenants experiences. 

A: You can read https://speedrent.com/web/happy-landlord-guidebook/ for full landlord experience and benefits.

Hi thanks for the comprehensive response. With my current tenants. I put these clauses in my tenancy:

1. After 2 weeks non-payment they will be asked to leave and deposited forfeited.

2. If refused I have to right cut utilities and padlock the grill.

All my tenants read this and initial on that page.

Can Speedrent insert these special clauses in the virtual tenancy agreement?

Great app btw.

Cut utility also illegal