Speedrent, Guarantee Deposit Scheme (ask opinion)
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 Apr 13 2016, 08:31 AM
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#1
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Senior Member
3,838 posts Joined: Sep 2013  
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i like the idea
 but i must say speedrent as the guarantor in case of no deposits, sounds dangerous to both speedrent and the landlord? sorry to ask but speedrent really can swallow the losses if many tenants abuse the feature? |
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Apr 13 2016, 08:57 AM
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#2
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Senior Member
3,838 posts Joined: Sep 2013
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QUOTE(Fortezan @ Apr 13 2016, 08:51 AM) I think the success of this will depend on the number of tenants who are willing to use this platform, as landlord will go where the tenants are. So from tenant's perspective, what are the benefits for using this platform? i thought so too but then maybe we underestimate the number of young people short of ready cashTenants are actually paying 10% extra just so they can avoid the deposit upfront (correct me if I'm wrong), so for those who can afford the deposit, I don't see any benefits for using this platform. Even if I were to put the deposit saved in a fixed deposit, the interest generated will be far lower than the extra 10% I have to pay every month.  |
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