21 January 2020

[Property] Really can "Rent with Zero Deposit" with SPEEDHOME ???

Renting a house through online platforms has become a new trend. However, what catches the attention is the “ZERO Deposits” package to help the tenant to rent easier.

Is it true?
How could it be?
It is good for renters, but, how about landlords?

Established in 2015, Speedrent Technology Sdn Bhd combines protection and technological innovation in the house rental and property market.

Partnered with Allianz General Insurance since 2017, the company provides an accessible and secure home rental platform for landlords and tenants. Landlords can secure their property with Allianz General Insurance up to RM42,000 or room up to RM 3,700 while tenants can rent with ZERO Deposit.

Wait... Speedrent?

Yup, that's the previous name. 
In 2019, Speedrent started a new chapter and rebranded it - as SPEEDHOME !!! Open an account (click here).

How it works actually?

Does SPEEDHOME offer short-term rental?
Or, can I rent for the short-term?

A tenancy period for SPEEDHOME users starts from a minimum of 3 months and can be extended to a maximum of 12 months.

How does SPEEDHOME protect me as a Landlord?

SPEEDHOME provides landlords 20x better protection, in several ways:
  • With On-time rental, regardless of whether your tenant pays you on the due date, you’ll receive the money on-time, every time from SPEEDHOME.
  • SPEEDHOME is as strict as a bank when it comes to running background checks on tenants. They undertake CCRIS & CTOS credit checks to ensure that you get a good paymaster kind of tenants every-time.
  • Scared of the pain caused by a tenant ruining your house? No worry. With the Allianz Insurance partnership, your property is protected up to RM42,000. covering damages, theft, unpaid utilities, unpaid rental, etc.

SPEEDHOME + Allianz General Insurance
With the partnership with Allianz General Insurance, you can protect your property 20x better than the traditional deposit. Get secured with Allianz up to RM42,000 when you transact using SPEEDHOME.
  • Loss of rental if your tenant runs away or defaults: up to 2 months
  • Inconvenience benefits or minor property damage: up to RM2,000
  • Accidental damage or theft in the property: up to RM30,000
  • Demand letters: up to 2

There are three insurance plans for home rental. Please refer to the following visual:

Cost to Landlord is up to 1.5 months rental rate

Please take note that:
  • There are NO other charges for landlords except for insurance charges (refer below table).
  • The insurance cost for Extended and Extended + will be spread over the first two months.
  • On-Time Rental is a feature that allows you to get your rental income on time during the entire tenancy period.
  • Insurance coverage will only be provided for landlords who have completed transactions with SPEEDHOME (rental ranging from RM800 - RM5,000).
  • The Insurance plans apply to only 12 months and below.


What are you waiting for?

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