Speedhome OR normal tenancy agreement?, Which one better and why?
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 Feb 23 2020, 08:43 PM
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#1
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All Stars
12,522 posts Joined: Feb 2013 
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Having dealt with both concepts agent is MUCH better for me.
For instance one of my units just extended the tenancy for another year. As the landlord, I have absolutely 0 cost to pay as I still have all the deposits n checked that the place is well kept. If I were to utilize speedhome, I'd have to pay another 1 month rental as insurance effectively reducing my nett rental SIGNIFICANTLY! |
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Apr 14 2021, 10:38 AM
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#2
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All Stars
12,522 posts Joined: Feb 2013
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QUOTE(AridEyes @ Apr 13 2021, 08:19 PM) I would really advise against using speedhome as a landlord. No deposit means tenant can simply not pay utility bills and move out once their tenancy ended. Speedhome coverage is just not enough to cover this cost. As a result I lost 3k since speedhome insurance only can cover up to 1k. Tenant left without paying 4k electricity bill. Sibeh good to highlight this. Most important speed home got no deposit to fall back on. Easily can use your normal 2 month deposit to contra this.On the other hand, if you're a tenant looking for rental, I would recommend using speed home. You can rent without paying any utility bills, and simply move out once your tenancy has ended. Speedhome will not take any action on you, and you can just repeat this process as many times as you like.  |
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