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 Speedrent, Guarantee Deposit Scheme (ask opinion)

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lucifal
post Apr 11 2017, 11:29 PM

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Junior Member
85 posts

Joined: Jun 2011
From: KL / Selangor


Just got a tenant through SpeedRent recently. Let's see how everything turns out.

1. Met up with Tenant face to face.
2. Speedrent has been helpful in arranging the meet-up using WhatsApp.

Correct me if I'm wrong. I'm not giving 50% discount on 1st month rental. Speedrent is taking the 12th month rental , however, they're providing guarantees using Allianz insurance to cover up to 2 months rental loss in case of no payment and also legal fees in eviction of bad tenants.

Eviction will NOT be handled by them, but Speedrent stated will assist on a case to case basis.

Speedrent basically invoice Tenant, tenant pay speedrent, speedrent pay Landlord. Let's see how this works out, as Speedrent becomes a collecting agent on my behalf as well.

Also for analysis purposes

I've engaged 4-5 property agents to rent out , but all like tidak apa attitude.

Posted in SpeedRent in January 2017. Met 1 potential tenant face to face recently, with around interested 2 people (1 of them is a property agent)

This post has been edited by lucifal: Apr 11 2017, 11:33 PM
lucifal
post Apr 12 2017, 11:32 PM

Getting Started
**
Junior Member
85 posts

Joined: Jun 2011
From: KL / Selangor


The insurance coverage covers the following:
-02 month's rent
-RM 1000 for any inconvenience benefits (utilities bills + minor repairs)
-RM 15K (For any accidental damage+theft in the house)

So far what I got from SpeedRent.
lucifal
post Apr 17 2017, 01:26 PM

Getting Started
**
Junior Member
85 posts

Joined: Jun 2011
From: KL / Selangor


The Tenant backed out last minute. However, Speedrent got another few potentials lined up.

Let's see how things worked out from here. An update to those interested in SpeedRent services.
lucifal
post Jul 29 2017, 06:34 PM

Getting Started
**
Junior Member
85 posts

Joined: Jun 2011
From: KL / Selangor


I finally rented out my unit through conventional Real estate agents, who actually screened through the tenants before introducing to me.

Speedrent had 1 prospect, nearly signed, but Tenant canceled last minute.

 

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