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 Speedrent, Guarantee Deposit Scheme (ask opinion)

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kochin
post Apr 12 2016, 11:56 AM

I just hope I do!
********
All Stars
10,314 posts

Joined: Dec 2009
From: Malaysia


thumbs up wheimeng
kochin
post Apr 13 2016, 08:24 AM

I just hope I do!
********
All Stars
10,314 posts

Joined: Dec 2009
From: Malaysia


i think you guys missed the point.

speedrent is essentially a platform or medium for landlord/tenant.

this zero downpayment scheme is an added feature or option which tenant/landlord can choose. it's not mandatory.

it's always good to have more options in the market. it's up to the people to choose.

wheimeng, might need your help in the future. got some ideas to bounce. kekeke.
kochin
post Apr 13 2016, 09:10 AM

I just hope I do!
********
All Stars
10,314 posts

Joined: Dec 2009
From: Malaysia


QUOTE(hakamika @ Apr 13 2016, 08:43 AM)
I'm not property agent, but i can see that speedrent has really cut out the middleman like property agent, i think speedrent should come out a platform that agent can also benefit from it so to create a win win to landlord-tenant-agent...
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agents can advert in speedrent and still pocket one month commission from landlord?

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?
Tenants 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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touch and go also practise 10% top up for car parks. a lot of people still uses it.

 

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