Discounts are a great way to increase your visibility and boost occupancy. To stand out to potential tenants and encourage them to stay longer, you can add long-stay discounts for a property. With a long-stay discount, you can offer varying discounts on the basic rent depending on how long the tenant stays.
In this article:
How long-stay discounts work
Long-stay discounts give the tenant the flexibility to get a discount on the rent depending on how long they stay. When potential tenants select their move-in and move-out dates, their new rent is automatically calculated according to the discounts you've set for their rental period.
When long-stay discount can be applied
To set long-stay discounts for a property, choose a Flexible rental period and Basic pricing on the listing.
Applies to flexible rental periods
To add a long-stay discount, your listing should have the rental period set as Flexible rental period. Long-stay discounts can't be applied to strict rental periods, as tenant can't pick their move-in and move-out dates.
Flexible rental period
Applies to Basic pricing
A long-stay discount is calculated as a percentage off of the basic rent. To set long-stay discounts on bookings, the listing should have Basic pricing.
Basic pricing
Setting up long-stay discounts
You can set up long-stay discounts once, and they'll automatically apply to all bookings for that property. You can add or adjust the discount anytime by editing the listing.
To set up long-stay discounts:
Log in, go to Listings.
On the listing you want to edit, click More options (3 dots) > Edit.
Scroll to Costs.
Under Rent, turn on Long-stay discount.
Select a Rental period, then add a Discount for it. The new rent for this period is automatically calculated and shown in the column Rent after discount.
To add more discounts, choose Add New Discount.
Edit listing > Costs
Under Rent, turn on Long-stay discount
Select a rental period
We recommend adding a maximum of 3–4 discounts. Any more, and you could risk confusing potential tenants.
What tenants see
If you've added a long-stay discount for your property, potential tenants will see it on the listing's information page. They'll see the property's basic rent with a label mentioning the maximum discount possible.
Discount label on listing information page
When potential tenants select their move-in and move-out date, they'll see the new discounted rent if applicable.
Tenants see discounted rent
The payment details overview always shows a complete breakdown of the tenant's payment for renting your place. The tenant will see the original (basic) rent, the new discounted rent, and the applied discount percentage.
Payment details with discounted rent
When booking dates are adjusted
A long-stay discount applies to a booking according to the confirmed rental period. If the booking dates are adjusted, the monthly rent is recalculated to match the discount of the new rental period.
For example, let's say the basic monthly rent for a property is €1000. You've added long-stay discounts to the listing, with varying discounts for different rental periods. You've set a 5% discount on the basic rent if the tenant stays for 3-6 months and a 10% discount if they stay 6 or more months. The tenant contacts you for a rental period of 7 months. They'll see a discounted monthly rent of €900 (10% discount). Later, you use a special offer to adjust their rental period to 4 months. They'll now see a discounted monthly rent of €950 (5% discount).
When move-in or move-out is mid-month
To add a long-stay discount to a listing, you select a rental period that's made up of months. Discounts for a rental period apply to full calendar months that make up that rental period. If a tenant's move-in or move-out date is mid-month, their new monthly rent is calculated based on the long-stay discount that applies for their entire rental period. For example, let's say a tenant stays from 15 April to 26 November (8 months). If you've set a discount for an 8-month rental period, the tenant's new rent will be calculated according to that discount.
Special offer under long-stay discounts
After adding long-stay discounts to a listing, you can always send a Special offer to customize the monthly rent for a potential tenant. When the tenant accepts your special offer, your adjusted rent will become their new monthly rent.