i listed a property on speedhome and i highlighted that the rent is non-negotiable but i keep getting request for lower rent

whats the point of putting my price as non-negotiable

i'm a first time user and i quite disappointed that i am getting lowballed and speedhome tend to favor the tenant more than the owner

True. I have another suggestion, that good tenants with good track record with Speedrent be given a Star/Thumbs Up Rating like Airbnb has in their Superhosts. Then maybe Landlords will be more keen to give those with good record a discount. But caveat is past history does not guarantee of future behavior

I'd understand giving bad ratings to members who don't honour appointments and/or commitments or behave badly towards the unit/house owner, but why penalise those that ask questions but didn't commit to anything?

I'm sure the latter scenario happens a lot on Lazada and Shopee when you need to enquire with vendors before committing to purchasing a product. I have also communicated with vendors selling the same products to enquire on the warranty, product details, etc. and so far none of them ever gave me negative ratings just because I didn't purchase in the end.

I sure wouldn't appreciate negative reviews thrown at me if all I did was make enquiries in a courteous manner and will surely lodge a complaint if this happens.

This post has been edited by DesRed: Nov 26 2020, 12:06 PM

The non-negotiable is for our system to strictly not show your property when the latter doesn't match the price filter.

We cannot police and stop human nature to negotiate. And some people like to negotiate for the sake of negotiating.

If your objective for non-negotiable is mainly because it's the price floor, then I suggest you increase RM100 and change it to negotiable just to show room for negotiation (a very common tactic)

If your objective for it simply hated to communicate with the tenant, then you can tell Alicia everything about the house and let help to answer some questions. You could ignore everything (at your own risk). After all, we are a platform for you to deal directly with the tenant, and we do send tenants who are interested in your property.

End of the day, a property investor is also a business owner of your property, communicating with a prospective tenant is critical. The expectation of all of the tenants behave exactly the way you want them to be is quite impossible.

This post has been edited by wheimeng: Nov 26 2020, 09:17 AM

As a tenant , need to pay 75% of rental as admin fee and 400 as signing contact fee

The convention deposit is refundable

75% + 400 , I would prefer pay deposit

What is 75%? Oh, are you renting short term? Yea, we are more focused on 12 months tenure.

Gotta say wheimeng is something awesome.

His like a star customer service agent, except his the founder.

Also would like to ask, do we need to pay speedhome every year as the tenancy renews?

i have the same question too, since my tenant is bound to renew soon....

my overall experience with speedhome is quite pleasant, although they are alot of ppl trying to low ball, but atleast a lead is a lead. Afterall, we can ignore the message till something is confirm

anw, kudos to the team

How the potential tenant being filtered in speeedhome? Any can do?

it's up to you to renew or not. but for renewal, we will include OTR (on time rental) FOC as an upgrade.

yes, it's common nature for people to low ball, you don't see it because agent filtered it. but like you correctly pointed out - you can ignore them and a lead is a lead.

we do income (bank statement vs payslip), employment check, Experian check, and internal data point.

This post has been edited by wheimeng: Jan 11 2021, 07:24 PM

u ask them to provide latest bank statement and payslip?

So I am going through the benefits of the 3 insurance packages that Speedhome + Allianz is offering, and I found out that Allianz actually have another product called "Smart Home Cover".

https://www.allianz.com.my/smart-home-cover...pRoCeIQQAvD_BwE

The benefits that the Smart Home Cover provides versus what Speedhome is quite similar, but at the fraction of the price?

Am I missing something here?

wheimeng are u going to do another equity raise?

Yup.

@flight don't think we will do crowdfunding moving forward.

Smarthome cover has significantly less coverage limit, like the damage is limited to RM2k, whereas we are up to RM15k. Or rental sum is limited to RM1500, whereas we can do up to RM5000.

would they provide such kind of personal info just for house rental?

that's no way to rent without providing these info, so yes they have to; else we need to reject.

Speedhome allows landlords and tenants to connect with each other. What is stopping landlords and tenants dealing on the traditional deposit scheme basis?

Meaning they meet on the platform but deal direct with each other at the end.

That's their prerogative, not ours.

If you're comfortable with the deposit method, go for it. And the same goes for those who prefer house rental platforms such as SpeedHome.