Short video for how to add a property
Price Section options
The new options added are explained below:
Price adjustments for a certain period are done from the same window.
To set custom price click beginning date and end date (2 clicks) (updated with more options in 1.20)
For each property you can select default Price Settings, which we explain better below:
!!! The custom price set will overwrite the main price, price for 7+ days and for 30+ days. Once you have set custom price as explained above, this will be price that wil apply regardless of the number of booked days !!!
Price per night
- Price per night MUST exist for every property.
Price per night for 7n+ or 30n+
- Users can set a custom price per night, if user books more than 7 days (meaning 8 or more) and less than 30 days.
- Users can set a 2nd custom price per night, if user books more than 30 days.
NOTE
If you set weekend price, it will override 7d+ price or 30d+ price (so custom daily price will calculate only for week days)
To have 7d+ or 30d+ globally, weekend price must be empty.
Taxes in % – NEW in 1.20
Taxes in % (taxes are considered included in the daily price).
Check this help to understand where taxes value show (only for Owner invoice details) –http://help.wprentals.org/2017/03/30/1-20-how-to-understand-invoice-details-info-for-owner-and-user-submitting-request/
Formulas for taxes
$you_earn = $total_price – $security_deposit – floatval($city_fee) – floatval($cleaning_fee) – $service_fee;
$taxes = round ( $you_earn*$taxes_value/100,2);
Price per weekend in Currency (only numbers)
Starting v 1.16 you can select what are weekend days from admin – theme options – general settings:
Cleaning Fee – updated in v 1.20
- You can select per night, per guest or per night and guest
City Fee – updated in v 1.20
- You can select City per night, per guest or per night and guest
- You can also select City Fee to be a % of price
Minimum days of booking (only numbers)
- The minimum number of days applies for any booking request. You can override this value from Price Adjustments.
Security Deposit – NEW in 1.20
Security Deposit in $ – will be refunded if no complaints are received from the owner.
NOTE: Refund for this value can be done through the theme only if site admin installs and uses Payment Management ADD-ON from Rentals Club (which must be installed separately).
Early Bird Discount – in % from the price per night – NEW in 1.20
You can set discount in % and the number of days in advance for discount to apply.
NOTE: The number of days means discount applies when the booking is made before those x days (or more days) in advance.
Pay by Guest options:
- Extra Price per guest per night in USD and check to
- Check to Pay by the no of guests (all room prices will NOT be used anymore and billing will be done by guest no only)
Manage Turn Over days
Allow only bookings starting with the check in on specific day of the week OR Allow only bookings with the check in/check out on specific day of the week.
Extra Options
Add in booking form other options. You can select Option Name, Option Value (fixed number) and Option Calculation (fixed fee, by night, by guest or by night and guest)
Check this help to understand better the invoice details
http://help.wprentals.org/2017/03/30/1-20-how-to-understand-invoice-details-info-for-owner-and-user-submitting-request/
Formulas used:
total = (inter price + expenses + manual_expense ) – early bird + city fee+ cleaning fee + sec deposit
$early_bird_discount- doesn’t include extra guest, security, city fee, cleaning fee
$you_earn = $total_price – $security_deposit – floatval($city_fee) – floatval($cleaning_fee) – $service_fee;
$taxes = round ( $you_earn * $taxes_value/100,2);
$price_for_service_fee = $total_price – $security_deposit – floatval($city_fee) – floatval($cleaning_fee);
city fee % Doesn’t consider price for extra guest
city fee % Doesn’t consider extra expenses (added when owner issues invoice)
100% deposit includes automatically expenses (city fee / cleaning fee) – even if the option is set to NO