Rent paid direct. Straight to your bank.

Each property has its own wallet. Rent lands, our fee comes off automatically and the rest is paid to your bank.

Apply now See how it works

From tenant to you. On the same day.

  1. 1

    Your tenant pays rent

    By PayID, BPAY or bank transfer. No fees for them.

  2. 2

    It lands in the property wallet

    Processed by Zai, a regulated Australian payments platform. Our fee comes off automatically.

  3. 3

    The rest goes to your bank

    Paid the same day and visible in your dashboard.

31 Oxford Street · Week of 28 March

  • Rent received $850.00
  • Rentnest fee −$68.00

Paid to your bank

$782.00

CommBank ending 4821 · Same day

Your money. Your account. Always.

Most rent is paid straight through to you, so you see every dollar move in real time instead of waiting for a monthly statement.

Property wallets
Each property has its own. Rent lands here, property bills are paid from it and the balance goes to your bank.
Owner wallet
Top up by bank transfer or BPAY to cover maintenance or bills across any of your properties.
Your bank accounts
Nominate a different account per property. Useful for SMSFs or separate ownership structures.
Zai

Payments by Zai.

A regulated Australian payments platform holding an Australian Financial Services Licence (AFSL 527370) with PCI DSS Level 1 certification.

How we keep it secure

Questions owners ask. About how payments work.

Does Rentnest hold my money at all?
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.
Is Zai safe to use?
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.
What happens if a tenant doesn't pay?
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.
How are maintenance bills paid?
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.
Do I get a statement at the end of financial year?
Every transaction runs through the platform, so your EOFY statement is generated automatically. Download it any time and hand it straight to your accountant.

Still unsure how it works? Talk to us