Hmm, if tenant cannot cough up 3 months deposit can still get credit card? Assuming gen X/Y is the target segment.
Speedrent, Guarantee Deposit Scheme (ask opinion)
Speedrent, Guarantee Deposit Scheme (ask opinion)
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Apr 12 2016, 12:01 PM
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#1
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209 posts Joined: Apr 2016 |
Hmm, if tenant cannot cough up 3 months deposit can still get credit card? Assuming gen X/Y is the target segment.
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Apr 12 2016, 12:22 PM
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#2
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QUOTE(wheimeng @ Apr 12 2016, 12:17 PM) We built this with Gen X/Y in mind. But ever since we launched 4 weeks ago, the requests came from various groups because it also address the need of managing cash flow or conserving emergency savings. Seems like a well thought out business model. Wish you smooth sailing in the future. If tenant's credit card has exceeded its credit limit, and unable to pay that down - it is the first indicator to a highly probable financial distress. With cash payment, it's hard to know anything. Another benefit to this - totally seamless and automated solution. No more bank checking on rent payment or to call up to chase for rental. |
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Apr 12 2016, 04:23 PM
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QUOTE(cybertechmkteo @ Apr 12 2016, 04:15 PM) thanks for all the explanation and sounds good for owner, but for tenant will they fork out additional 10% just to fork out the processing fee? 1. Tenants can't pay 3 months deposit.so far do u have any successful tenancy that you've already done? btw, what about the half price for the 1st month rental? mind to explain a bit? thx. 2. Tenants pay 10% extra rental. 3. Tenants reduced savings because pay extra rental. 4. Reduced savings, tenants can't pay 3 months deposit. Hmm, seems like a vicious cycle in the making. Kesian all the tenants. This arrangement like only benefit owners and Speedrent. This post has been edited by JianNinety: Apr 12 2016, 04:23 PM |
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Apr 12 2016, 05:12 PM
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#4
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QUOTE(aaron1717 @ Apr 12 2016, 04:26 PM) maybe when you are an property owner who wanted to rent out your house... you will be looking for things like this as well? I am just looking out for the tenants also ma. QUOTE(natman @ Apr 12 2016, 04:28 PM) What u say if tenants stay 1 mth with 50% off and no deposit but paying extra 10% for service ? 1 month 50% discount then 11 months +10% so its still 60% increase assuming tenancy agreement is 12 months. there is no agreement and nothing so tenant may move out from 1 unit to another unit or place ? No agreement stopping tenant from moving out? Tenancy agreement? |
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Apr 12 2016, 05:19 PM
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Apr 12 2016, 05:25 PM
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QUOTE(samkps @ Apr 12 2016, 05:19 PM) A big loophole.. Sorry cannot tie someone from moving out. My error.Let say market rental RM 2k, I rent the first month, pay RM1k rental, then move out the second month, can? Need to pay fine? I cancel the credit card, can you sue me? Court case because the rental of RM 1K? Tenancy agreement can tie someone from moving out? |
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