Sharp Rise in Number of Agents offering Zero Deposit
Sharp Rise in Number Agents offering Zero Deposit
There has been a significant of increase in number of letting agents are offering Zero Deposit and many are benefited from it mainly for 2 reasons – faster enquiry, solving the concern of tenant and landlords.
BlueDuck Zero Deposit – designed to unlock deposits to increase cashflow for property industry. It was initially rejected by many due to lack of understanding from agents – mainly they were afraid that this is to disrupt their sales process. After rounds and rounds of educating the market, it is proven that BlueDuck Zero Deposit is here to enhance the property market.
Tenant Remain AccountableUnder the term of Zero Deposit, tenants remain accountable for any damages, unpaid rents, and outstanding utility bills. And many may ask how? This will be recorded in tenant’s CTOS report. Banks decline your loan application based on how you have behaved in the past – whether you paid your bills/loans on time, and that will affect your credit scores.
With this, irresponsible tenants will be filtered in this 12-24 months while a group of responsible tenants will be combat with people’s tenant’s bias. Creating a healthy rental market for all the players – landlord, property agent, and tenant.
Landlord Enjoys Cash Flow
BlueDuck Zero Deposit allow landlord to have their property vacancy risk to be shorten with this attract offers to potential tenants especially in this competitive and volatile market. Cash flow is key in managing investment properties.
Our message is clear - If agents are offering Zero Deposit as replacement of deposits, it is vital that landlords gets to enjoy getting verified tenants through BlueDuck Zero Deposit.
For more information, check out our website at www.blueduck.my.
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