We request for the offer letter to verify it.

would speedhome actually really call the school/college/U to verify the student?
i also heard speedhome also require bank statement? how does bank statement of a student passed the check?

On a random basis when we are suspicious of it.

We pay more attention to the foreign students bank statement.

so potentially the random not being checked (though he/she is malaysian) could not be a genuine student.. this will be worrying..

We still do credit checking on them.

how? student has no source of income..

I noticed in the past few posts that checking will be done on the tenant's background before any TA is signed. This concerns private and personal details of the individual in question, and to a certain extent, the landlord as well.

Can Speedhome guarantee that it adheres to the Personal Data Protection Act 2010 when handling this information?

Nobody wants to be a victim of identity/financial theft and doxxing. Both of which are getting more rampant in this day and age.

We have stated our PDPA policy and all background check requires tenant/landlord consent.

Their file should be clean if truly a student. If something comes up, that's something fishy.

means if student initiated the rent-interest.. speedhome would usually approve them.. since most of student has clean file i assume..

Not always but statistically, they are OK.

pls becareful then, if i would like to rent via speedhome, and i know my record is bad (surely disqualified by speedhome via credit check), i will then get my student's fren/niece/nephew to rent for me..

Let's say I engage your service
How do you deal with errant tenants who refused to move out and never pay rental?

On our Extended+ package, we will cover legal costs for evicting the tenant and pay you for the period of tenant overstayed in your house for up to 12 months.

For more info, https://speedhome.com/blog/ocd/

This is common, even for deposit model, isn't it? I can ask for a loan for the deposit from my friend, family?

The difference is we do further checking, we do not claim to be bulletproof but at the very least we go through screening and using AI to detect.

And if the tenant defaults, we will share this info to credit reporting agency. Check the image.

Ok thanks for your speedy reply

yes, is common even for deposit model.. but at least landlord has deposit on hand..

How is deposit different from insurance?

If tenant does run away, default, insurance will pay out too.

Been trying use the speedhome apps for a while now.

What i notice is the potential tenant from apeedhome is incredibly fickle minded.

You always get notification they are interested to view your home at certain date and time. And you reply by acknowledging that. Once the date come, a day or on the day itself. The prospect most of the time will go MIA without replying.

Some of the time. They message to inquire certain details on your property like can they as a foreigner rent for example. Once you reply yes they go MIA as well.

I would suggest to speedhome mgmt to do a scoring system and minus prospect mark if they spam appointment and MIA on most of them without at least notfying the owner to can el the appointment.

It makes your apps prospect feel much less credible as if they are just playing around with the apps.

We have received some feedback like this and will be implementing a scoring to address that.

Sorry for the inconveniences.