Kyle Sandilands is at the helm of a new business venture aiming to help assist Aussie renters.
The radio star is a 95 per cent shareholder of the company ZeroBonds, which helps with upfront rental fees, offering to pay rental bonds for a one-off payment along with an application fee.
The money-lending business is for renters who want a lease but are struggling with upfront costs.
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A sum of 14.5 per cent of the bond amount is charged in return along with a $24 application fee.
Once these are paid ZeroBonds then guarantees to pay the landlord should any damage be done to the rental property.
According to the website, the company aims to give tenants, agents and landlords “peace of mind” and hopes to “alleviate the stress of renting while modernising the process, our platform provides game-changing features such as comprehensive background checks, swift bond reversals and an admin-free simplified process”.
The company’s chief executive Hedley Hilton owns the other 5 per cent of the company not owned by Sandilands, Daily Telegraph reports.
Sandilands has previously been open about his own struggles with homelessness when he was just a teenager.
“Well you may not know this but I was homeless when I was 15 for a year,” Kyle said to an Australian Idol contestant in 2023.
“So it’s not easy.”
“Getting out of that situation and making your life matter, that’s impressive, just getting out of that situation.
“Because most people don’t.”
He went on to tell the other judges that he does not talk about it enough, admitting, “it’s a bit embarrassing sometimes”.
