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Speedrent, Guarantee Deposit Scheme (ask opinion)
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ManutdGiggs
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 Apr 13 2016, 06:46 AM
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QUOTE(icemanfx @ Apr 13 2016, 05:38 AM) This business model attract low credit rating tenants, landlord has no incentive to evict defaulter until after 3rd month rent is paid, could last as long as reserve is available to pay landlord. If this payment platform fold, landlord will leave without any protection. U r no longer property owner so join sked. U r high credit rating Tenant who pays the 4k maintenance fee for owner. |
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ManutdGiggs
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May 9 2016, 03:33 PM
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QUOTE(emyght2016 @ May 9 2016, 02:48 PM) in all fairness, speedrent has identified the target market.. so called, under-served.. perhaps playing a bit on the desperation factor.. it is not a 1-fit-all solution.. it may create another set of problem with the trigger-free plastic generation.. guess what, the more creative ones will even do a balance transfer with zero-interest for 12 mths after swiping.. be it the mthly rental or the one-off security deposit charge.. it's all back to the discipline and integrity of the tenant, if it can be parked into a virtual account which is interest-free, the tenant may end up with forced-savings by the end of the tenancy coz he/she will be able to collect back the deposit refund that were paid by installments.. u get the drift.. Emy boss is the Emy fr wtf??? |
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ManutdGiggs
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May 9 2016, 08:08 PM
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QUOTE(emyght2016 @ May 9 2016, 08:00 PM) yes, janitor boss.. how's yr arcadia trophy? heard quite immune to current sentiments.. maybe won't explode as anticipated, but may still fare better than rest of the commies.. those with holding power like janitor boss will not have to worry, as opposed to those bragging kings waiting to lausai even with a low-end prop.. Nice to c u again Sir Emy. Siudai janitor chui sui no. 1 la. How to b sure arcadia can do any beta than project with gurus sapoting the backbones. At current econ it's oledi jackpot to cover repayment. The rest eg misc insolan quit rent assessment maintenance wear & tear all have to dig the garden to get coffin moolah.  Anw hope speed rent can oso offer for commi in order for more users to enjoy the platform.  |
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ManutdGiggs
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May 10 2016, 10:35 PM
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QUOTE(emyght2016 @ May 10 2016, 09:44 PM) hi BJ commie king.. havent butterfly yet..? invisible but certainly not sleeping like me.. kekeke Cocoon boss has turned butterfly long ago. Huat til pig head liao. Tis is cocoon Jr  This post has been edited by ManutdGiggs: May 10 2016, 10:36 PM |
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ManutdGiggs
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Jan 8 2020, 09:18 AM
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To b fair if one is in rental market long enuf, wear n tear kenot charge tenants. Small repair under tenants during tenancy. In most cases those repair above 250 ll b paid by owners during tenancy subject to T&C. Structural issue under owners. Tis r the basic for resi rental play.
It's not hassle free when one decided to enter prop market. Slight difference for shop or ofis or factory. Hardly hav such issue but once u need to refurbish the cost ll cos a bomb n last many moons if done up properly.
Resi tenants won't stay long but for biz operators they ll wanna hav a longer tenure in shop or ofis or factory.
Identify the risk u can take b4 venture into any of the above mentioned. Kpkb is just a loss in term of opportunity cost. Get it done ASAP n move on might b a beta option.
As for insolan, I personally won't buy into it. No reason. Just not my cuppa tea.
All tis while I blif wheimeng has done a gd job to build speedrent. He has provided an alternative to certain grp of investors which is gd in a way or another. Well done boss.
This post has been edited by ManutdGiggs: Jan 8 2020, 09:19 AM
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ManutdGiggs
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Feb 6 2020, 07:10 AM
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QUOTE(uamcy @ Feb 5 2020, 10:10 PM) It depends on what is stated in the contract. Take all the pictures of your whole house. If the damages incurred more than the deposit amount, you can file the case to the court to claim from him. And also viral the case online so no one will rent to him anymore. Just to share with u, wear n tear is hard to justify in the event u wanna price it to go thru legal way to make a claim fr ur tenant. Small amount is oso hardly worth the time n effort to file to court. If the amount is huge tat can reach the 50k bankruptcy threshold then I blif the deposit part is not a small amount to begin with. Anw there isn't any number given in ur above post so I'm just sharing my experience. Dun mind me as I'm alwiz wrong wan 🤭☺️😉 |
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ManutdGiggs
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Feb 6 2020, 03:26 PM
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QUOTE(uamcy @ Feb 6 2020, 12:43 PM) The majority of the people are lazy and ignorant of the law. Still, by getting a 2.5months deposit and a good contract, the likelihood that he will damage your property is not high. No such thing as hard to justify. If the bed frame is broken, it definitely will minus from the deposit. You check everything before signing the contract. Inside the contract have listed down the prices and everything. Not worth your time and effort then that's your problem, not my problem what. I am telling you the better way of claiming damages from your tenant for extreme cases. If you lazy what to do? It's still better than the CEO giving you all sorts of figures but in fact, never supported by any evidence right? If you look at Wild card case, he had wasted months on the CEO and finally only received the money for damage control. Somemore have to wait for the adjuster to come and in the meantime, you cannot rent out your house. OK boss. U r taikor of cos kicimiao has to listen 🤭 |
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