It is a brilliant idea. At time, I had a potential tenant from Speedrent, she was not able to pay the 2.5 months deposit, but didn't materialized as the tenant could not afford to pay the 2.5 months in one go. If this scheme launched earlier i would be able to close the deal.

I am not sure if she is a good tenant? It is a 50:50 ball game.
The best thing is she can pay the rent that I requested, which was around RM2500 pm.

My unit ended up tenanted for RM1900pm, the tenant negotiated down with the 1 year advance rental payment.
So these 2 are the extreme cases. Landlord either take the risk with higher rent or lower rent with minimal risk.

You can employ both methods.

I use both agents and speedrent, Whoever can get me the tenant first will close the deal. Especially in this difficult time, you need more channels to solicit tenants.

You are right about the filtering. I have come across African contacted me via Speedrent, his intention is more on money laundering rather than my properties. A few questions ask can easily filter out these fake tenants.

Some people still prefer to deal with agent, as got personal service, personal touch, no need to prepare tenancy agreement and go to stamp the tenancy agreement by yourself.

only owners can advertise, agents cannot.

If you advertise more than 2 properties at a time, you will get a call from Speedrent, as they may suspect you are the agents.
Similarly, if any prospect tenant sends in any enquiries for properties in the different areas, say Semenyih, Klang, Rawang at one time, then it is suspicious...Speedrent will also filter them out.

I think Speedrent is doing the good jobs in filtering.

one registrant one handphone number.
if one handphone number sending to multiple landlords in different areas, speedrent can detect it. I guess.

Speedrent makes it compulsory to offer 50% discount on the first-month rental.
So it will lower down the monthly average rental. Speedrent creates a platform for negotiation. Ppl can fix appointment and meet up for negotiation.

For partially or fully furnished unit, landlord prefers and ready to negotiate after showing the unit to the prospect tenants. Tenants must show their interest in the units first before nego.

That one I agree. Not many quality enquiries from speedrent.
I have one funny request from Speedrent's prospect. The prospect asked me my unit's facing direction as she believes in Fengshui. She can only accept the unit facing North East and 35 degrees more to East, which is not easy to find for condo. If we go thru the agents, they can help to filter out such enquiries.

Having said that, some agents also not doing their job such as the following situation.

(1) You advertise your ff unit for RM2500, the tenant budget is only RM2000. But agent still brings the tenant in, by hoping the tenant can increase the budget to RM2500. But the tenant insists in RM2000 budget, so it is still a no deal, and waste of time.

(2) Tenant view property in February, but only want to move in in the month of June. I call the tenant "wan kat" as no landlord will leave the property empty for 4 months in order to rent to the tenant. So the agent is not doing his job filtering the tenant, and wasting the landlord's time to open the door.

yes can chat, but the chat room response very slow due to obvious reasons.
so i prefer to chat in whatapps

I was told that Speedrent makes profits from the telco on the data usage, correct me if i am wrong.
And therefore, when i want to post a new ad, i need to try 3-4 times, and when i try and error the data usage is more, so beneficial to Speedrent.

Also when i chat with my prospect tenant, the message did not reach there real time. there is no notification if the tenant has read and no notification sound when message coming in. So, i prefer to direct the conversation to what apps instead.

Speedrent still need to create more awareness by spending in the advertising and promotion.
Still many ppl not aware of this apps.

The landlord who use the apps need to filter the potential tenant. If u use agent, then u also need to filter the agent first to make sure they get u the right tenant. I have come across agent bring in tenant in Jan who only interested to rent in June, also experienced the so-called tenant just want to come in to see the new delivered project with no intention to rent.