Can I set different rental prices for different months?

Use this article about Flatio's advanced pricing options to understand how they all work in practice. Examples provided!

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Of course you can! On Flatio, you can set different prices for different periods, whether it’s for specific months or even some special short-time events.

For long- and mid-term rentals (i.e. stays from 30 days/29 nights onwards) you need to set a basic monthly price, whereas for short-term rentals (i.e. stays up to 29 days/28 nights) you have to set a basic nightly price.

Then you have the option to set a seasonal rate for each month, and can also specify some custom rates for exact dates during which you want the price to be lower or higher (for example, on New Year’s Eve). And as a cherry on top, you can even set some discounts based on reservation length. It’s completely up to you whether you decide to use these advanced settings, although we highly recommend it.

Here’s how that works in practise with a mid-term reservation:

Let’s say you get a reservation request for a stay from June 1 to August 15. We consider it a mid-term reservation, meaning we’ll use the mid- and long-term rent settings operating with monthly prices.

Imagine that you have a basic monthly rental set at 1000 €. You only raise the rent to 1200 € for the months of July (i.e. July 1 to July 31) and August (i.e. August 1 to August 31). On top of this, there is a special event in the city on July 14-17, which is specified by a specially higher nightly rate of 45€.

June rate: Because you haven’t set any special price for June, the basic price of 1000€ will apply for that month. The tenant will stay for the whole month of June (29 nights), so he will pay the full price of 1000€.
July rate: In July, we have two crossing prices - the raised monthly rent of 1200€ for the month of July (30 nights), and the raised price of 45€ for 3 specific nights. Therefore, the total price the tenant will pay for July will be 1215€ ((1200€ / 30 nights * 27 nights)+(45€ * 3 nights)).
August rate: For August, you raised the rate to 1200€ per month (30 nights), so since the tenant will stay for only 14 nights, he’ll pay 560€ (1200€ / 30 nights * 14 nights).

IMPORTANT NOTE: If you received a reservation shorter than 30 days, we would calculate the rent based on the short-term rentals settings, operating directly with nightly prices instead of the monthly ones.

Where to set different prices for different periods?

To set up prices for your listing, you need to go to the My Rentals web app and:

In the Properties section, click on the specific listing’s detail;
On the newly shown menu on the left, select the Rental prices and duration section;
In the Price settings subsection, click on the “Short-term rentals” or “Mid-term rentals” button to set up the prices for the desired rental type.

To learn more about the price settings and how it all works, please visit this article.