Everything you need to know

Frequently asked questions

About Futurerent

What is Futurerent?

Futurerent is a simple alternative to borrowing money. Created for property investors, Futurerent is a loan-free financing solution that gives property investors their rent in advance, with no hidden fees and no credit impact.

The technical explanation of what we do is as follows: Futurerent enters into a type of lease with you called a concurrent lease, under which it provides you with a rental prepayment, and receives a fixed amount of rent from the property.

What is special about Futurerent?

The key difference between Futurerent and other options, is with Futurerent you are not borrowing money. You are simply getting your rent in advance.

Unlike the banks, we are simple, fast, and loan-free, which means:

  • no credit impact
  • no hidden costs
  • you still receive some ongoing rental income throughout the term 
  • if the tenant moves out or is in arrears, you won't need to make a payment to Futurerent and it won’t cost you any extra.
Couldn't I just top up my mortgage through my bank?

Futurerent gives property investors their rental income, paid in advance. While you should consider your own circumstances and consult your financial adviser, Futurerent offers a simpler solution than dealing with the banks and won’t impact your credit.

When it comes to topping up your mortgage, many people don't factor in the total interest over the entire term of their mortgage, or other transaction costs like LMI or break fees that might apply.

Given we are not a loan, Futurerent is a fundamentally different product to a mortgage so it is difficult to compare and you should seek your own financial advice.


How does Futurerent work?

Can I use Futurerent for more than one property?

Absolutely! Many of our clients use Futurerent across a number of their investment properties to maximise the amount of rental income they can access in advance.

How much does this cost me?

The total cost will be fixed at the date of the advance, so it won’t change with interest rates or snowball if your property is vacant.

For example, if you were to access $30,000 in Futurerent upfront and select a 3 year repayment term, it would cost you $3,270 p.a. (10.9% p.a. on the advance) so a total of $9,810 over the 3 years.

A portion of this will be paid in onboarding costs and the balance will be taken from part of the rental income paid by your tenant.

Given the cost is fixed, it means if it takes slightly longer than 3 years to pay off because the property is vacant or the tenant does not pay, it won’t cost you any extra.

How much of my rental income can I access?

Subject to approval, you can access anywhere between $10,000 and 2 years of your rental income (up to a maximum of $100,000 per property).

You will need to ensure the remaining rental income, after Futurerent's payment each month, is enough to cover your expenses.

Getting started

Do I have to submit an application to find out how much Futurerent will charge me?

Definitely not! We offer complete transparency. We've developed a handy calculator to help you make better decisions about your rental income. With this calculator, you can see:

  • exactly how much rental income you can access in advance 
  • what it will cost you
  • the remaining rental income you'll receive after Futurerent each month

Will applying for Futurerent affect my credit score?

No. Applying for Futurerent doesn't affect your credit score. We run 'soft' credit checks through Equifax on our applicants (we will ask for your consent before we do this). This leaves no trace of a credit enquiry on your record.

What information do you need from me?

All we need from you is:

  • your driver's licence, or passport number
  • your contact details
  • your property manager's contact details
  • from your property manager, we'll get a copy of the lease (if there is one) and your property management agreement.

Property management

Is Futurerent a property manager?

No, Futurerent doesn't provide property management services, as we specialise in providing future rental income. However, we have strong relationships with some of the best property managers in the industry. If you're looking for a property manager, we may be able to connect you with one.

Does it matter who my property manager is?

We work with most property managers, and have a network of +300 preferred property manager partners.

What if I don't have a property manager?

As we work closely with the property manager to ensure you're paid your share of the rental income every month, we need to have a property manager in place.

If you're self-managing to save on property management fees, we suggest you still apply, as we work with some of the best property managers in the industry. They may be able to offer you a heavily discounted rate if you come through us.

After getting my Futurerent

What if the tenants stop paying or my property is vacant?

We understand that tenants sometimes pay their rent late or are unable to pay the rent.

That's why if the tenant moves out or is in arrears, you won't need to make a payment to Futurerent and it won’t cost you any extra. It will simply take Futurerent a little longer to receive the fixed amount of rent it is due.

As usual, if the tenant moves out, the property manager will need to find a new tenant.

What happens if I want to sell the property?

That's fine, plans change. We just ask that you let us know and keep us in the loop. Futurerent can collect the remaining rent from the sale proceeds at settlement.

Legal and financial questions

How does it work legally?

Futurerent enters into a type of lease with you called a concurrent lease, under which it provides you with a rental prepayment, and receives a fixed amount of rent from the property.

Once we receive that fixed amount of rent, the Futurerent lease ends.

What about tax?

We enter into a type of agreement that gives Futurerent the right to collect a fixed amount of rent from your investment property. Once we collect that fixed amount of rent, the agreement ends.

We have obtained a product ruling from the ATO to make things easy for your accountant and protect our customers. At the end of each financial year we will provide you with a statement showing the rent collected by Futurerent and your indicative accrued rent (see paragraphs 15(b) and 15(c) of the product ruling). The statement is intended to assist you in filling out your tax return and does not constitute tax advice. Futurerent does not provide taxation advice. You should review the product ruling for more information and seek your own tax advice on the application of the product ruling to your own specific circumstances. If tax laws change or if the Commissioner of Taxation withdraws the product ruling, it may result in different tax outcomes than those described in the product ruling. You can get a copy of the product ruling here, or contact us at hello@futurerent.com.au for a copy of the product ruling (free of charge).

Please note that the product ruling from the Australian Tax Office:

  • is only a ruling on the application of taxation law
  • is only binding on the ATO if the Scheme is implemented in the specific manner outlined in the product ruling.
  • The Commissioner of Taxation (Commissioner) does not sanction, endorse or guarantee this product. Further, the Commissioner gives no assurance that the product is commercially viable, that charges are reasonable, appropriate or represent industry norms, or that projected returns will be achieved or are reasonably based.
  • Potential participants must form their own view about the commercial and financial viability of the product. The Commissioner recommends you consult an independent financial (or other) adviser for such information.

How does the bank look at Futurerent?

Every bank and credit officer is different, so it is hard to generalise about this topic. We also hear different things from different clients, but generally our clients tell us that when they go to refinance, the bank looks at the rent going to Futurerent as an expense, which reduces their rental income available for debt service until our agreement ends.

Prefer to talk?

Feel free to call us during business hours (we’re based in Sydney) and we’ll talk you through it.

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