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MyRentAll

What does 2.9% come to on your rent?

Enter your weekly rent to see the fee in dollars, with the arithmetic. If you pay an agent, enter their percentage to compare. We do not assume what any agent charges.

The fee applies only to rent paid through MyRentAll. Leave at 100 if all of it will be.

Only if you want to compare. Use the percentage in your own agreement.

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Your numbers

  1. Rent: $500.00 a week × 52 weeks × 1 property = $26,000.00 a year.
  2. MyRentAll fee: 2.9% of $500.00 = $14.50 a week, which includes $1.32 GST.
  3. $14.50 × 52 weeks × 1 property = $754.00 a year.
  4. You keep $25,246.00 of the rent, before your other costs.
  • This counts MyRentAll’s fee only. It leaves out your other costs, and any charges from the payment provider.
  • The comparison uses only the percentage you typed. Agent fees vary, and an agent may charge other fees (such as a letting fee) that are not in this figure. Check your own agreement.
  • The weekly fee is rounded to the cent on each payment, so your invoices may differ from this estimate by a few cents.

The fee, with an example

The fee is 2.9% of rent paid through MyRentAll online. GST is included in it: it is not added on top.

  1. Rent paid through MyRentAll: $500.00 for the week.
  2. Fee: 2.9% of $500.00 = $14.50.
  3. The GST inside that fee is one eleventh: $14.50 ÷ 11 = $1.32. So the fee before GST is $13.18.
  4. You receive the whole $500.00 in your connected account. The fee is invoiced to you separately, after the rent succeeds.
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