In this article, you can read a detailed guide for every price settings option Flatio offers. Learn how everything works!
How do I set the rental amount?
The article was updated on 2. 5. 2024.
It’s well-known that choosing the right rental price is crucial in attracting potential tenants to your property. The amounts you set are completely up to your decision. In case you are ever looking to increase the number of received bookings, we recommend that you experiment with the rates in the My Rentals web app to see which price range gives you the best response rate.
Please keep in mind that the rental rates you share on Flatio must always cover all charges for utilities (water, electricity, etc.), as well as the commission fee for Flatio.
How to set the prices?
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;
- Click the "Default prices settings" button, fill out the default prices according to your preferences, and save the changes.
- If you allow short-term stays and want to apply different prices for them, go back to the main Rental prices and duraction page, click the "Short-term prices settings" button to set them up properly.
- After saving them, don’t forget to click the "Activate short-term prices" button to enable them so they can be applied to your short-term reservations.
If you prefer to import prices from a channel manager (e.g., BookingSync or ICNEA) instead, you can handle the synchronization via the Integration section of your profile, where it's possible to import prices to Flatio.
Basic rent
- In the default prices settings (applicable to all your reservations unless you have the short-term prices activated), you need to set a basic monthly price.
- If you also want to activate your short-term prices (applicable for stays up to 29 days/28 nights), you have to set a basic nightly price under the short-term prices settings.
The basic rate is always mandatory. We then use it to calculate the rent for reservations outside the dates/months when advanced price settings should be used according to your settings.
Seasonal pricing
You also have the option to set up different prices for specific months. If this setting is used, it will be charged instead of the basic price when applicable. In case you decide to not set it for certain months, the basic price will be applied during those periods.
| Note: Remember that if you have the short-term prices activated and wish to apply seasonal pricing to short-term stays as well, it’s necessary to set it up under the short-term price settings. If you have it filled only under the default settings, it will not be applied to reservations of less than 30 days unless you deactivate your short-term prices. |
Practical example:
In the default settings, you have a monthly basic price set to 1000 €. Only for the months of July and August, you change the rate via the seasonal settings, increasing it to 1200 €.
Then you receive a booking for the whole year (from 1.1. to 31.12.). From January to June (included), the tenant will pay 1000 € every month, for July and August he will pay 1200 €, and from September we will charge him 1000 € per month again.
Custom prices for specific dates
Finally, you can even choose to charge special prices for specific dates.
This setting is mostly used to either increase the rate during holidays or local festivals, or on the other hand, decrease the price to fill in a gap between bookings.
Click "+ Add new rental price" to access a form where you can fill in the relevant dates and the desired rental amount per night. It’s also available for both default and short-term price settings.
| Note: Remember that if you have the short-term prices activated and wish to apply custom pricing to short-term stays as well, it’s necessary to set it up under the short-term price settings. If you have it filled only under the default settings, it will not be applied to reservations of less than 30 days unless you deactivate your short-term prices. |
Practical example:
In the default settings, you have a monthly basic price set to 1000 €. There is a local festival from 1.-5.7., during which you would like to increase the price.
Since July has 30 nights, the standard nightly price is 33 € (1000 € / 30 nights). If you wish to increase the rate for the festival period, you need to go to the custom prices settings and set up the dates and new nightly rate. If you set a new nightly rate of 45 € for the period 1.-5.7., this special rate will be charged for the nights within the given period, i.e. 4 nights (1.-2., 2.-3., 3.-4., 4.-5.).
If you receive a reservation for the 1.-31.7., the tenant will pay 1047 € for the whole month ((1000 € / 30 nights * 26 nights) + (45 € * 4 nights)) instead of only 1000 €.
| Month | Tenant stays for | Price type applied | Calculation | Price per stay |
| July |
30 nights |
basic price (1000 € per month), |
(1000 € / 30 nights * 26 nights) + (45 € * 4 nights) | 1047 € |
Length discounts
On top of all this, you can even choose to set up percentage discounts for longer reservations. We strongly recommend offering these discounts, as tenants often favor listings with such options.
- In the default prices settings, it’s possible to set up discounts for durations of 30–89 days, 90–179 days, and for stays exceeding 180 days.
- In the short-term prices settings, you can apply discounts for stays of 7-13 days and 14-29 days.
And the cherry on top is that you don’t need to worry about setting prices incorrectly! We've developed a detailed price functionality checker in the price settings section to precisely show you how the rent is calculated. This tool allows you to ensure that everything is set up correctly before you share your listing on Flatio.
Visit this article to learn more about how the rents are calculated and to understand the price priorities in a detailed example.
