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 Speedhome OR normal tenancy agreement?, Which one better and why?

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forever1979
post Mar 22 2022, 07:04 PM

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QUOTE(BBC Learning Hub @ Mar 21 2022, 05:57 PM)
Hi everyone, i need your advice.

My condo is tenanted till December 2021 with speedhome

But tenant still staying at my condo till today.

Speedhome said will help me with eviction process.

But it's been 3 months and i chose the highest premium insurance.

Is there anything i can claim from speedhome?
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i wonder how SH can act on eviction ?

eviction order only can get via court order

i think the more practical make police report and see got luck to get helpful policemen or not...


almostthere
post Mar 23 2022, 01:36 PM

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Hi wheiming, sent a PM to you regarding the renewal of my tenancy for the 6th year, do kindly assist
wheimeng
post Mar 24 2022, 01:15 PM

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QUOTE(BBC Learning Hub @ Mar 21 2022, 05:57 PM)
Hi everyone, i need your advice.

My condo is tenanted till December 2021 with speedhome

But tenant still staying at my condo till today.

Speedhome said will help me with eviction process.

But it's been 3 months and i chose the highest premium insurance.

Is there anything i can claim from speedhome?
*
on Ext+, you should be getting rental on monthly basis even if tenant is staying.

Is that not happening?
1ullaby
post Mar 27 2022, 09:01 AM

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QUOTE(wheimeng @ Mar 24 2022, 01:15 PM)
on Ext+, you should be getting rental on monthly basis even if tenant is staying.

Is that not happening?
*
On Ext+ if tenant overstay, speedhome will keep paying until the tenant is evicted?

Then that's really peace of mind
wheimeng
post Mar 27 2022, 10:13 AM

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QUOTE(1ullaby @ Mar 27 2022, 09:01 AM)
On Ext+ if tenant overstay, speedhome will keep paying until the tenant is evicted?

Then that's really peace of mind
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That's correct.

1ullaby
post Mar 27 2022, 11:44 AM

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QUOTE(wheimeng @ Mar 27 2022, 10:13 AM)
That's correct.
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Hi Wheimeng, another ques on Ext+

If the tenant isn’t paying early in the tenancy, SH will guarantee the rental right, but to what duration? Till the end of tenancy or until the tenant is evicted for not paying?

If it’s the latter, once the tenant is evicted, do we owners lose out on the balance of the tenancy? As we have already paid for Ext+ for a year.

This post has been edited by 1ullaby: Mar 27 2022, 11:44 AM
wheimeng
post Mar 27 2022, 02:08 PM

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QUOTE(1ullaby @ Mar 27 2022, 11:44 AM)
Hi Wheimeng, another ques on Ext+

If the tenant isn’t paying early in the tenancy, SH will guarantee the rental right, but to what duration? Till the end of tenancy or until the tenant is evicted for not paying?

If it’s the latter, once the tenant is evicted, do we owners lose out on the balance of the tenancy? As we have already paid for Ext+ for a year.
*

Up to the end of tenancy, or tenant evicted, whichever comes first.
1ullaby
post Mar 27 2022, 02:17 PM

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QUOTE(wheimeng @ Mar 27 2022, 02:08 PM)
Up to the end of tenancy, or tenant evicted, whichever comes first.
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Noted, once tenant evicted, but original tenancy has still say 6 months to run, will SH reimburse us half of the Ext+? As we signed for 1 year tenancy
wheimeng
post Mar 28 2022, 06:46 PM

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QUOTE(1ullaby @ Mar 27 2022, 02:17 PM)
Noted, once tenant evicted, but original tenancy has still say 6 months to run, will SH reimburse us half of the Ext+? As we signed for 1 year tenancy
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With a deposit, the most is to forfeit the entire deposit yea. So Ext+ will cover more on the overstayed period.

1ullaby
post Mar 28 2022, 08:51 PM

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QUOTE(wheimeng @ Mar 28 2022, 06:46 PM)
With a deposit, the most is to forfeit the entire deposit yea. So Ext+ will cover more on the overstayed period.
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Alright, sure, fair enough. Just wanted to know.
BBC Learning Hub
post Apr 5 2022, 08:04 PM

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QUOTE(wheimeng @ Mar 24 2022, 01:15 PM)
on Ext+, you should be getting rental on monthly basis even if tenant is staying.

Is that not happening?
*
No, no rental at all
blu.sockz
post Apr 19 2022, 04:40 PM

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QUOTE(BBC Learning Hub @ Apr 5 2022, 08:04 PM)
No, no rental at all
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sorry to hear about your situation, do update here how the process goes.
i was just thinking of engaging SH but i guess conventional will still give us more control it seems
wheimeng
post Apr 22 2022, 01:53 PM

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QUOTE(BBC Learning Hub @ Apr 5 2022, 08:04 PM)
No, no rental at all
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could you pls pm me? just checked this thread out.
mnfl
post Apr 26 2022, 01:01 PM

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Hello, I started using Speedhome earlier this month and I am impressed with the mechanism whereby all are insured during the tenancy. I have an interested tenant for my house in Kajang but when I wanted to arrange for viewing through runner they mentioned their runner does not cover my area. Now I have to do the viewing myself which I didn't know there were only certain areas of coverage. Tried going through the Landlord FAQ, didn't mention anything on areas of coverage for runners. Maybe I miss it. I do hope my area can be covered soon, as it seems unfair that certain area runners can do from A-Z but my area cant. If my tenant decides to proceed, I am paying the same amount of money for your services so it should be the same services throughout. Plus, it's Kajang, still the Klang Valley area. Thanks
faira_faizal
post Apr 27 2022, 09:10 AM

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I wanted to subscribe to SH program. But after all these feedback, need to have 2nd thought on this.
wheimeng
post Apr 29 2022, 04:10 PM

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QUOTE(mnfl @ Apr 26 2022, 01:01 PM)
Hello, I started using Speedhome earlier this month and I am impressed with the mechanism whereby all are insured during the tenancy. I have an interested tenant for my house in Kajang but when I wanted to arrange for viewing through runner they mentioned their runner does not cover my area. Now I have to do the viewing myself which I didn't know there were only certain areas of coverage. Tried going through the Landlord FAQ, didn't mention anything on areas of coverage for runners. Maybe I miss it.  I do hope my area can be covered soon, as it seems unfair that certain area runners can do from A-Z but my area cant. If my tenant decides to proceed, I am paying the same amount of money for your services so it should be the same services throughout. Plus, it's Kajang, still the Klang Valley area. Thanks
*
We see that as a potential area to expand too. Work in progress...

ATM we can't do it.
mnfl
post May 10 2022, 09:55 AM

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QUOTE(wheimeng @ Apr 29 2022, 04:10 PM)
We see that as a potential area to expand too. Work in progress...

ATM we can't do it.
*
Thanks for the kind reply and consideration. For now, Speedhome is still my 1st choice due to the insurance coverage and minimizing the risk of having bad tenants. Please keep it up.

I do hope you can improve the interface of your app. Laggy and seems outdated. Shown there are messages and when launching the app, the messages do not load. I have highlighted this to your team via email as well. Thanks again Whei Meng.
faira_faizal
post May 10 2022, 05:13 PM

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QUOTE(mnfl @ May 10 2022, 09:55 AM)
Thanks for the kind reply and consideration. For now, Speedhome is still my 1st choice due to the insurance coverage and minimizing the risk of having bad tenants. Please keep it up.

I do hope you can improve the interface of your app. Laggy and seems outdated. Shown there are messages and when launching the app, the messages do not load. I have highlighted this to your team via email as well. Thanks again Whei Meng.
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Hi have u tried to claim any damage to ur property from SH? Is the process convenient?
bcombat
post May 26 2022, 03:31 AM

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so good?
bcombat
post May 26 2022, 07:40 PM

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The other promise

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