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

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knwong
post Aug 18 2023, 09:27 AM

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3,558 posts

Joined: Sep 2005
From: Shenzhen Bahru


When I bought a furnished apartment in Iskandar Puteri during COVID I was concerned that I couldn't rent it out so I chance upon SpeedHome. I decided not to use their service because I'm not convinced with the terms that they offered

I eventually decided to change my strategy and spruce up my home a bit and put it up for rent in Airbnb. I set minimum 1 month stay instead of usual short daily stay. I set the month rate slightly higher than normal market rate (need to factor in electricity and water use). To my surprise there are still market for this and I secured my first tenant 2 weeks after I put up my ad there. Eventually that tenant, a foreign student decided to sign a long term TA directly with me (negotiated at lower rate of course) and have been good pay master until today

Airbnb is a better tool to filter out high quality tenant...tested and proven. You can see their previous reviews by other host that they ever stayed with

This post has been edited by knwong: Aug 18 2023, 09:28 AM

 

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