What happens if my tenant leaves?
Your property manager will need to find a new tenant as soon as possible. There is no additional cost to you.
What happens with my property manager?
Nothing, your property manager continues to collect the rent from the tenant and simply allocates part of the rent to repay FutureRent.
What is a rental prepayment service?
You get paid a lumpsum of rent early and FutureRent gets paid back by your tenant.
How does it work?
We enter into a type of lease that gives FutureRent the right to collect a fixed amount of rent from your investment property. Once we collect the fixed amount, our agreement will end.
Is this a loan?
No. That’s the best part. After we’ve paid you, we simply collect the fixed amount of rent we agreed to receive from the tenant of your investment property. See ‘What is a rental prepayment service’ above.
Am I eligible?
What happens if I sell the property?
It’s simple, you can pay out the fixed amount of rent FutureRent is yet to receive before settlement or from sale proceeds.