Add-on: Automated rent increases

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

Note: The demo below is interactive.

• Install the Add-on
  • Reach out to Storeganise Support to request for the add-on to be installed.
• Deploying the Add-on
  • Navigate to the site you want the Add-on installed
  • Click on Add-ons then Automated rent increases
  • Click on the pencil icon to configure the settings
• 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 0 means 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.
• Click on update to save the changes
• Toggle the Enable switch to activate the Add-on