Payments

Rent paid direct. Straight to your bank.

Most agencies pool every landlord's rent into one trust account. We don't. Each property has its own wallet, our fee comes off automatically, and the rest lands in your bank. You watch the whole thing happen in real time.

Apply now See the flow
Rentnest Rent · Wk of 28 Mar
Cleared

Paid to your bank

$782.00

CommBank · BSB 062-***

Tenant paid via PayID

Wk of 28 Mar

+$850.00

Property wallet

142 Maple St

$850.00

Rentnest fee · 8%

Auto deducted

-$68.00

Paid to your bank

Same day

+$782.00
Sample rent cycle
Payment flow

From tenant to your bank. In one hop, on the same day.

Step 1

No fees

Tenant pays rent. PayID, BPAY, or bank transfer.

PAY PayID $850
BPA BPAY $850
BAN Bank transfer $850

Step 2

Powered by Zai

Rentnest routes the funds. No trust account in the middle.

Rent received
+$850.00
Rentnest fee
-$68.00

Step 3

Same day

Your bank account. Visible in your dashboard.

142 Maple St Wk of 28 Mar
CBA · 062-***
+$782.00

Nominate a different bank account per property. Useful for SMSFs or separate ownership structures.

How it works

Your money. Your account. Always.

Traditional agencies pool every landlord's rent into a single agency trust account. This creates delays, a lack of visibility, and unnecessary risk. Rentnest does not operate a trust account at all.

Instead, each property has its own Virtual Wallet. When a tenant pays rent, it lands there. Our management fee is deducted automatically, and the remainder is paid directly to your nominated bank account. You're in control of your funds at every step.

Need to cover an upcoming maintenance job or water bill? You can top up your Owner Virtual Wallet via bank transfer or BPAY. Once funds are in the wallet, approved bills are paid from there automatically.

Fund structure

How your funds are structured.

Owner Virtual Wallet

Portfolio level

A top-up wallet for your portfolio. Deposit funds here via bank transfer or BPAY to cover maintenance or bills across any of your properties.

Property Virtual Wallets

Per property

Each property has its own wallet. Rent lands here, any property bills are paid from it, and the balance is then paid to your bank account.

Your Bank Accounts

Per property

Nominate a different bank account for each property. Useful for SMSFs, separate ownership structures, or just personal preference.

Common questions

Owners ask us this. About how payments work.

Still unsure how a no-trust-account model works? Get in touch and we'll walk you through it.

Talk to us
When you sign up, you authorise Zai to collect rent payments from your tenant on your behalf. When rent arrives, it goes into your property's virtual wallet and is yours from that point. Rentnest deducts our management fee automatically, and the remainder is paid to your nominated bank account. We process the payment and get out of the way.
Zai is a regulated Australian payments platform used by major businesses across the country. They process billions in transactions annually and hold an Australian Financial Services Licence (AFSL 527370), with PCI DSS Level 1 certification.
If rent doesn't arrive in the property's virtual wallet on the due date, our system flags it and our team follows up directly. Arrears notices go out the same day so you don't need to chase anyone.
You approve each invoice before anything is paid. Once you've approved it, the amount is paid from the property's virtual wallet. If the wallet balance doesn't cover it, the shortfall draws from your Owner Virtual Wallet, so it's worth keeping a buffer there for any upcoming jobs.
Every transaction runs through the platform, so your EOFY statement is generated automatically. Download it any time and hand it straight to your accountant.