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.

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.

So far in using Speedhome, my only complaint is the chatting app. It sucks.

But their product is great value. I had a unit wrecked by a tenant. I followed speedhome’s claim process to a tee and one week later there was a payout. It happened to two of my units and it both, it was sorted. I’ve had units wrecked in the past and it never was the same when I had the deposit.

I also must say I like the tenant screening. It’s really good. Sometimes, its frustrating also because you think you secured a deal and then it gets rejected because the tenant profile is bad, but over time, I’ve had some really good fuss free tenants.

I do think there needs to be more competition in the space. Speedhome uses Allianz. Blue Duck uses Liberty. I’m going to give Blue Duck a try because their pricing is more competitive and if I find tenants in Mudah, I don’t have to direct them to SH app where they can see other tempting units away from mine.