When Adam decided to rent out his second property — a condominium in a prime area — he went about looking for an estate agency that he could rely on.
Remembering the hassle he previously had with the bossy, incompetent real estate agent who took home a big fat check after renting out his first property, he was almost at his wits’ end.
Until a friend recommended home rental platform Speedrent.
Adam learnt that Speedrent connects landlords to tenants online, but does everything in between — from arranging the home viewing, to signing the tenancy agreements digitally and collecting rental on the landlord’s behalf without the tenant needing to pay deposits.
The only thing that Adam had to do was to sign up on Speedrent’s app, upload photos of the condominium and show the potential tenant the place when the time came.
Speedrent officially began its business at the end of 2015, focusing on the rental market in Malaysia.
Its CEO Wong Whei Meng told The Malaysian Reserve the company decided on the business first because it was a very underserved market.
“There are many websites doing property sales, but not many focusing on rental.
“Selling is a one-time transactional deed, but rental is an occurring ongoing business deal,” he said.
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