How it Works

RentWallet makes paying property expenses simple, fast, and stress-free.

No loans. No credit score impact. No impact on your borrowing capacity. Just fast access to funds for approved property costs, with a portion of upcoming rent directed through your property manager until the agreed amount is received.

Step 1: Apply Online

Tell us what you need covered — whether it’s strata fees, upgrades, maintenance, urgent repairs, or other essential property costs.
The application takes just minutes, and there’s no impact on your credit score.

Step 2: Quick Advance

Once approved, RentWallet advances funds based on a portion of your upcoming rent payments.

The approved amount is paid directly to your property manager’s trust account (or the service provider completing the work, such as a tradesperson or strata company) within a few days.

You’ll receive a clear summary showing:

• The amount advanced,

• The portion of rent directed to RentWallet, and

• The service fee agreed upfront.

Step 3: Automatic Rent Direction

Your property manager simply directs a small portion of ongoing rent to RentWallet until the Assigned Rent Amount is reached.
No lump-sum payments, no extra admin, and nothing to track.

• Typical duration: 6 – 12 months, depending on rent inflows.

• Fixed service fee: clear, transparent pricing — no interest, no compounding.

Why Landlords Use RentWallet

• Cashflow-friendly – handle property costs without dipping into savings.

• No credit impact – RentWallet isn’t a loan or line of credit.

• Seamless process – your property manager manages the rent direction automatically.

• Flexible – ideal for maintenance, strata bills, urgent repairs, insurance, or other property related costs.

Example – Urgent Repairs

• Purpose: Roof repair and painting

• Advance paid by RentWallet: $6,000

• One-off Application fee: $100 (paid upfront)

• Service fee: $900

  • A flat fee equal to 1.25% of the advance amount per month (over 12 months). Agreed upfront, no interest or compounding.

• Total portion of rent directed to RentWallet: $6,900

• Typical portion of rent: about $575 per month for 12 months, managed automatically by your property manager.

• Outcome: Complete essential maintenance now while keeping your cashflow steady.