Managing Base Rates and Advanced Options

Article contents

• Set Property Base Rates
• Pro-rating Formula
• General Settings / Advanced Options
• Rates Description 

Set Property Base Rates

Step 1: Navigate to Properties > Properties > [Property Name]

Step 2: Click Rental Rates

Step 3: Enter Base Rates (NOTE: all optional except for Nightly rate)

1. Nightly rate 
2. Weekend night rate 
3. Weekly rate
4. Monthly rate
5. Minimum Stay 
6. Maximum Stay 

Step 4: Click Save Base Rate

Prorating Formula

NOTE:

• Once the number of nights threshold is met, weekly and monthly rates apply.
• If a guest stays for 7 or more nights, the weekly rate is used. 
• If a guest stays for 30 or more nights, the monthly rate is used. 
• When there are additional nights after 7 or 30, the remaining nights are prorated based upon the weekly or monthly rate.

Examples:

Rate for 9 night stay

• Weekly rate = $900
• $900/7 = $129
• ($129 x 2) + $900 = $1,158

Rate for 37 night stay

• Monthly rate = $3,000
• $3,000/30 = $100
• ($100 x 7) = $700 + $3,000 = $3,700

NOTE: Click Open Pricing Tester under Custom Rates to test calculations.

General Settings / Advanced Options

Step 1: Click Edit Options

Step 2: Edit Advanced Rate Options

1. Same Day Turns: Select Yes to allow the renter to check in the same day as the previous renter checks out.
2. Check In / Out Times: Changes made apply to new reservations only
3. Rate Currency: Currency for reservations; defaults to USD.
4. Custom weekend nights: Select days of the week for base weekend rates to apply.

NOTE: If the rate currency does not match the card or issuing bank used by the renter, conversion fees will apply.

Rates Description (optional)

NOTE: Optionally add a description or extra information about rates here, e.g. specials, rate conditions, etc.

Step 1: Scroll down to Rates Description block

Step 2: Complete free-form text field

Step 3: Click Save Description