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A: Speedrent is an online home rental platform connecting landlords and tenants to rent direct. It is completely free to use for landlords and tenants. Through our partnership with Allianz General Insurance, landlords can get insurance to secure their property up to RM26,000 and room up to RM3,700.
Note: Insurance is only available for those who successfully transact through Speedrent with rental ranging from RM800 to RM5000 for property and room with RM300-RM1500.
Please watch the short video to know how Speedrent works for you as a landlord. It’ll take less than 1 minute of your time.
Website: Click on the top left button that says ‘Post Your Property’ and follow the instructions on the page.
Google Play app:
Click on the top left on the three horizontal lines. On the pop up bar, click on “My Listings” and then click on the + button in yellow on the bottom right to post your property.
Click on the “My listing” button at the bottom and then click on create my listing to list your property.
Note: Speedrent is completely free-to-use for searching and posting property.
Website: Login and click your name. After that, select “My Listings”. Click on the listing and select Edit.
Or, if you’re on the App and want to edit your listing on the app:
A: Speedrent protects you in several ways.
A: The tenant will send you a chat request. We will inform you via SMS and notification on the app. You’ll have to click on the link or use the app to chat with the tenant.
Meanwhile, our sales team will also connect you with the tenant via WhatsApp. We advise you to download our Speedrent App on Google Play or iTunes to get updates and instant chat notifications.
P.S: The No Deposit Scheme only applies to houses that have a rental from RM800 to RM5000 and rooms with RM300-RM1500.
A: Meet the tenant and ask any relevant questions to clear all your doubts and negotiate the rental to avoid conflicts and miscommunication.
Some questions you can ask are:
Go to Speedsign to create the agreement.
Click on the top left horizontal lines. Then, click on Speedsign to proceed.
Click on the “More” button at the bottom. Then, click on Speedsign to proceed.
Fill in all the details and send it to the tenant. The tenant will then fill in the information, sign the contract and send it back to you. This is where you’ll need to sign it.
After tenant has signed, she/he will receive an email about the payment. The tenant needs to click on the link to make the payment.
If you’re facing any further issues, contact our Customer Support team via the app or send an email to email@example.com.
A: You can follow the below steps to remove your listings:
1. Click on “My Listing” from the bottom bar.
2. There is a delete button on your listing. Click that to delete the listing.
1: See to it that you are logged in
2: Under your name, you will find the “My Listing” button
3: Click on it
4: Click “Delete” to remove your listing.
A: Here’s how you benefit.
1. Free to Use – Speedrent is completely free-to-use.
2. Protection up to RM26,000 or RM3,700 – You can get secured up to RM26,000 for your house or RM3,700 for room with Allianz General Insurance when you use our platform. For house, the insurance covers loss of rental up to 2 months, inconvenience benefits or minor damages in the property, accidental damage in the property, and theft in the property. For room, the insurance covers loss of up to 2 months’ rental, minor or cleaning charges and damage to/theft of household goods up to RM500.
3. Free Rental Collection – We’ll help you collect the rent and remind your tenants 3 days before the rental deadline. Do take note that rental collection will take 3 days. Our operations team will provide you frequent updates on the status of the rental, even in case of delay in payment by the tenant. You do not have to chase after the tenant.
4. Assist with Eviction Process – When a tenant is about to default or already defaulted, Speedrent’s operations team will guide you with the eviction process.
5. Free Tenant Background Check – To avoid/minimize defaults, Speedrent runs a strict background check on the tenant before renting the property to any tenant.
6. Letter of Demand – We provide you up to 2 letters of demand in case your tenant delays in paying the rent.
A: For House/Property, you can get secured with Allianz General Insurance up to RM26,000 when you transact using Speedrent with rental from RM800 to RM5,000. The insurance covers:
For Room, you can get secured with Allianz General Insurance up to RM3,700 when you transact using Speedrent with rental from RM300 to RM1,500. The insurance covers:
A: You will receive a soft copy of the insurance policy within 30 working days after the start date of the tenancy through email.
A: You can get the insurance using your last month’s rental after successfully renting out your property.
What it costs: Last month’s rent + 6%SST + RM10 stamping fee for insurance
NOTE: The 6%SST and RM10 will be deducted from your 1st month’s rent. Insurance coverage will only be provided for landlords who have completed transactions with Speedrent (rental ranging from RM800 – RM5000 for property/house and RM300-RM1500 for room). 6%SST and a RM10 insurance fee will be included. The 6%SST and RM10 will be deducted from your 1st month’s rent.
A: The time taken for you to get your claim amount is as follows:
|What we cover||Time Taken|
|Loss of up to 2 months of rental||3-7 working days|
|Inconvenience benefits or minor property damage up to RM1,000||3-7 working days|
|Accidental damage or theft (up to RM15,000)||21-30 working days|
You get 2 weeks after the end date of tenancy agreement to claim any of the above.
Any consequential loss or damage of any kind will not be insured. They are only covered should the losses/damages be caused by your tenant.
>A: For claims, you need to file a police report and have the relevant supporting documents. The supporting documents are as listed below.
Having a lot of pictures showing the damage is good as Allianz Insurance will analyse based on the picture given.
If the tenant runs away or moves out without giving any notice, you also need to make a police report and submit it to firstname.lastname@example.org. Contact us at +60187777650 for further assistance on claims.
A: Yes, you should add utility and internet charges to your rental amount. Utilities and internet charges should be included.
A: Yes, there is. You should estimate the cost properly. If the total amount is set too low, you will lose out on money. Be careful when you combine your utility bills and rental!
A: Your rental amount should include utilities, Internet and once a month cleaning costs. Note that if you set your rental amount too high, it will be difficult for your property to attract tenants. We highly advise you to check out the average value of the same properties in the surrounding area and calculate costs before setting the amount.
A: The tenant is responsible for their own room. If the tenant moves out and leaves the room dirty, you can claim cleaning charges from Allianz Insurance up to RM200.
A: Our service is completely free-to-use. Because of our partnership with Allianz General Insurance, you can get Insurance from us using your last month’s rent. The insurance secures your property up to RM26,000 and room up to RM3700.
A: Your tenant will pay us the rent and we will transfer it to you within 3 working days.
A: Within 2 weeks after the tenant still hasn’t paid the rental on the agreed date (specified in the tenancy agreement) and left the premise, you must file a police report of this incident. We will process the claim procedure on your behalf.
A: Yes. We will always keep you notified in case of any delay in the payment via SMS, WhatsApp and phone calls. You can also check the rental status using the app.
Also, you can check the rental status using the app.
Click on the top left three horizontal bars. Then, click on “Rental Management” to check the rental status.
Click on “More” at the bottom of the screen. Then, click on “Rental Management” to check the rental status.
You can always email email@example.com for any further rental issues.
A: Yes, but only if you’re getting the insurance.
Note: The RM26000 insurance is for rental from RM800 to RM5000 while RM3700 insurance is for room rental from RM300-RN1500.
A: Go to Speedsign to create the agreement.
A: First, go to Speedsign to sign the tenancy agreement.
A: Go to the mobile app and click on Speedsign to sign the tenancy agreement.
First, go to https://speedsign.speedrent.com/. Fill in all the details and send the agreement to tenant. Then, your tenant will fill in the information and sign the contract before sending it over to you. This is where you’ll need to sign the contract.
After this, your tenant will receive the email in regards to payment. Your tenant needs to click on the link to make the payment.
Click on the top left horizontal lines. Then, click on “Speedsign” and proceed with the process.
Click on “More” at the bottom of the screen. Then, click on “Speedsign” and proceed with the process.
Having trouble? Contact our support team via the app or send an email to firstname.lastname@example.org.
A: The tenancy agreement fee is paid by the tenant.
A: A standard tenancy period is 6-12 months.
A: We screen your potential tenant’s credit history and also do a background check. After you successfully lease with us, you can get insurance with Allianz General Insurance which secures you up to RM26,000 for house/property or RM3700 for room.
A: If your tenant for any reason wants to terminate the tenancy agreement early, he/she must comply with the following terms:
– Give us(Speedrent) and the landlord 2 months’ notice before the termination date.
– Should he/she need to leave immediately, he/she must pay two months rental as a penalty.
– Arrange handover of keys upon moving out.
A: A digitally signed tenancy agreement legal and the duty stamped copy will be admissible in court under Section 7 of Electronic Commerce Act 2006 and Section 62(2) of Digital Signature Act 1997.
Section 7 of Electronic Commerce Act 2006 basically states that an electronic message can be used to express any related communication when it comes to a contract formation.
As for Section 62(2) of Digital Signature Act 1997, a document signed with a digital signature is as legally binding as a document signed with a handwritten signature, an affixed thumbprint or any other mark.