Add-on: Automated rent increases
This add-on automatically creates scheduled rent increases. For details on manually creating or cancelling any jobs, refer to this help document: Scheduling and cancelling a rent change.
This Add-on eliminates manual rent changes and allows operators to set percentage rent increases and offer advance notice. It is ideal for maintaining consistent price increases.
Once a rent increase has been scheduled for a unit rental through the Add-on, it will be visible on the unit rental as it would be if you manually scheduled a rent change.
You can also view upcoming rent changes in the Site's job list, just filter by "Rent change" type.
How to set up the Add-on
Once the Add-on is available, install it at the business level via the main settings in the Add-on marketplace.
- Configure the settings
- Days between price hikes:
- Specify the number of days between each rent increase. (i.e 60 days or 90 days)
- Percentage increase:
- Set the percentage by which the rent will increase after each interval.
- This can be overridden per unit rental by setting a custom value in the rental's Automatic rent increase % custom field. Setting it to
0means that unit rental's rent will not be increased automatically.
- Notice period:
- Set how many days in advance the tenant will be notified of the upcoming price hike.
- Round the new price?:
- Number of decimals to round the price to.
- Days between price hikes:
- Click Update once done to save changes.
