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

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Shining star
post Jun 14 2021, 11:03 AM

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Let me summarize the online rental portals, there are several of them.
Do choose the best or most suitable for you.

And don't mislead by the insurance, it's not guarantee to pay/compensate in case of some damages. If some portal misrepresent it. you can sue them to tribunal or KPNDHEP or KPKT

A) Fasthome
https://www.facebook.com/fasthome.asia/

B) Ibilik
https://www.ibilik.my/

C) Easyrenz
https://www.facebook.com/easyrenz

D) intrahome
https://www.instahome.com/

E) Speedrent or speedhome
https://speedhome.com/


In summary, traditional model (through agent) also has its strength,especially your property not in the prime area or focused city by above portal.

Anyway, landlord has the choice to select which you want. and you still paying 1 month commission either to traditional agent or above portal.

Shining star
post Jun 14 2021, 11:09 AM

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QUOTE(Donidoni @ Apr 14 2021, 10:57 AM)
Legal estate agents are highly regulated by the Board of Estate Agents.  So, if you deal with legal estate agents, your rights are protected. 

I am not sure if this spid home are regulated by anyone.  Let's say you want to complain, you complain back to them?  And they will take action against themselves?
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Interesting question.

Just like when Uber and Gradcar were entering Malaysia.
This is kind of shared economy, the operator like Uber and Grad provide a platform and charge certain % commission.
It was grey areas of the insurance...in case something happend to the passenger...
A lot of people just silent. because they are benefiting by cheaper transport charge.

But for these speedhome or other online portals, they are still collecting 1 month fee as commission as traditional agent
So sure a lot of people will start to question it for legal right of landlord.



Shining star
post Jun 14 2021, 11:13 AM

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QUOTE(kinnasai @ Apr 14 2021, 11:26 AM)
Hi Bro, can figure out something to cover Landlord's interest on the outstanding utilities payment by Speedhome? Nowadays the electricity bill can be a killing figure if not paid by tenant... Understand no deposit is speedhome primary principle. But there shud be something to protect the Landlord mah.... Landlord's protection and experience will be Speedhome's ultimate reputation and growth.
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Last time i did questioned speedhome, their CEO Weimeng ask you to refer the policy and early post.
Ended up, the landlord still in dark... and the risk is greater than traditional agent,because they still hv 2 months deposit in hand to avoid further loss.
Shining star
post Jun 21 2021, 01:58 PM

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QUOTE(wheimeng @ Jun 20 2021, 08:42 AM)
We are a licensed general insurance agency, hence regulated under BNM (PIAM).

But if you need a regulator to feel safe about a company, it's too late. I take complaints seriously, and we address them accordingly.
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Sorry, u from speedhome right?
and u r the license insurance agent? or license online home rent service provider?
these are two different industries.

I not sure other providers, only you very aggressively response to any speedhome matter.
Shining star
post Jun 21 2021, 02:07 PM

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QUOTE(wheimeng @ Jun 20 2021, 08:44 AM)
Hm, this question is answered many times and I've written extensively about SPEEDHOME biz model, you can decide what's best for you. Read it @ https://forum.lowyat.net/index.php?showtopi...post&p=98925082
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How about made a quick comparison among speedhome, instahome, fasthome….
This may be importance for all readers.

As you know well, market is competitive. competitors can imitate what ur strength overnight.
Especially in online business...providing similar services .

The focus is how to made landlord happy, rather than tenant,
I read many posts, zero deposite may be impacted to landlord when tenant went away.
A) Even speedhome can add these bad tenant in blacklist, but they could use other names or friend to book, the cycle is repeating due to low barrier (no need two months deposit)

B) Landlord can claim compensation from Allianz, but all the claims may not be 100 % insured and compensated in real time.

Think in a simple way, supply is landlord but demand is tenant.
If many landlord pull out, then you didn't have enough critical mass.



 

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