Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Speedrent, Guarantee Deposit Scheme (ask opinion)

views
     
buckbugs
post May 7 2019, 01:11 PM

Getting Started
**
Junior Member
63 posts

Joined: Nov 2008
does the web got issue? I cant check my Profile and My listings since yesterday

QUOTE
Whitelabel Error Page

This application has no explicit mapping for /error, so you are seeing this as a fallback.

Tue May 07 13:09:08 SGT 2019
There was an unexpected error (type=Internal Server Error, status=500).
org.springframework.web.util.NestedServletException: Request processing failed; nested exception is org.springframework.web.client.HttpClientErrorException$Unauthorized: 401 Unauthorized

buckbugs
post May 14 2019, 12:37 PM

Getting Started
**
Junior Member
63 posts

Joined: Nov 2008
how much speedrent charge to landlord?
I found insurance cost info only but did not found speedrent charges to landlord

This post has been edited by buckbugs: May 15 2019, 09:47 AM
buckbugs
post May 23 2019, 04:15 PM

Getting Started
**
Junior Member
63 posts

Joined: Nov 2008
QUOTE(Johnsmith1175 @ May 22 2019, 10:29 PM)
Better be careful. The worst thing has happened. Just rent out my place through speedrent with no deposit. I thought they did all the due diligence on tenants background. After signed everything through speedrent and the tenant has moved in. The Speedhome agent told me the tenant did not pass the CTOS checking..... now I got no insurance coverage on this. This is suck!
*
I just signed the last stage as a landlord and I though the tenant already pass the CTOS checking but unfortunately not. Speedhome have not check it yet

I check the tenant CTOS record by my self and OMG.... the score is terrible.
tenant plan to move in next two days as stated in Tenancy Agreement but her CTOS record is terrible. To cancel, i have to pay denda RM1k. bangwall.gif Im stuck right now

how come speedhome didnt alert me? or speedrent didnt check at all?
Please state clearly at which stage speedhome will notify landlord about tenant CTOS status?



buckbugs
post May 24 2019, 11:48 AM

Getting Started
**
Junior Member
63 posts

Joined: Nov 2008
QUOTE(wheimeng @ May 24 2019, 10:03 AM)
We use either CTOS or RAMCI to credit screen tenant. Two situations arises:

1. Tenant failed the credit screen, there is NO penalty for landlord to abort a booking fee paid deal.
2. Tenant passed the credit screen and paid booking fee, landlord abruptly terminates the agreement. In this case, landlord faces RM1k penalty.  The RM1k is a form of compensation to the qualified tenant when a landlord refuses to honor paid and signed agreement.

In this case, RAMCI didn't capture the trade reference like CTOS did. We use both for redundancy purpose, and have found that both provide very similar data set.

Currently we are extracting data from CTOS to double confirm.

If the tenant does not pass our screening, we will advise to abort the deal.
*
Wheimeng,
Thanks for your clarification.

Personally I like Speedrent concept; easy for landlord and tenant:-
>> direct nego between landlord and tenant, CTOS checking, monthly rent auto collect, Tenancy Agreement & stamping preparation, insurance
>> the concept is safer and better than traditional concept

but you have to improve:-
>> u have to find a way to make it informative and easy to understand the process.
>> your website error are quite some time and haven't been fixed ("error loading avatar photo" & web chat box is unable to open).
>> honestly your website is quite dull.

This post has been edited by buckbugs: May 24 2019, 11:51 AM
buckbugs
post May 24 2019, 03:05 PM

Getting Started
**
Junior Member
63 posts

Joined: Nov 2008
QUOTE(wheimeng @ May 24 2019, 12:41 PM)
But last month, Speedhome raised RM2.5m funding through crowdfunding. With that, we have scaled up our engineering team from a size of 2 to more than 15 headcount in 2 months time.

We expect the product will be enhanced significantly in 45-60 days. Stay tuned and apologise for the subpar experience.
*
Good luck bro. I support your business notworthy.gif

buckbugs
post May 24 2019, 03:16 PM

Getting Started
**
Junior Member
63 posts

Joined: Nov 2008
QUOTE(Johnsmith1175 @ May 24 2019, 03:13 PM)
You’re lucky. I passed my key because the tenant has made the payment and all agreement signed. Even the speedrent agent chase me to confirm the meet up time to pass the key....
*
but how is your tenant? does he make a payment on time?

 

Change to:
| Lo-Fi Version
0.0301sec    0.51    6 queries    GZIP Disabled
Time is now: 1st December 2025 - 08:32 PM