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Step #4 Editing a Property’s Info
Step #4 Editing a Property’s Info
Ramonelle Zaragoza avatar
Written by Ramonelle Zaragoza
Updated over a week ago

In addition to letting you view all of your properties, the Listings feature allows you to also edit each property’s information by clicking on the arrow on the right side of the listing.

Doing so will take you to a page where you can change any of the property’s information and details:

On the left side of this page, you can see a number of options for editing specific details about your property:

  • Listing Details.

  • Booking Settings.

  • Policies & Rules.

  • Prices.

  • Taxes.

  • Availability.

  • Address.

  • Photos.

  1. Listing Details:


    This page lets you change the basic details about your property listing:

    • Listing’s name.

    • Property’s description.

    • Property type (country house, chalet, camping site…etc.).

  2. Booking Settings:


    This page lets you control the specific booking settings for each property, which include:

    • Instant booking option: this lets you control who can book your property instantly and can be set to off, everyone, well-reviewed guests, guests with verified identity, or well-reviewed guests with verified identity.

    • Welcome message: the message that your guests will receive when they book the property.

    • Check-in time start/end: these options let you control the time window available for the guests to check in at the property.

    • Check-out time: this lets you set the time at which your guests will need to check-out of the property.

    • Guest Control settings: control different aspects of what’s allowed and what’s not allowed in your property by checking the box:

      • Allow children.

      • Allow infants.

      • What message to show if children/infants aren’t allowed.

      • Allow smoking.

      • Allow pets.

      • Allow events.

  3. Policies & Rules:


    This page lets you control the different options of policies and rules that your property is subject to:

    • Cancellation Policy Category: select from a list of cancellation policy features that are supported by Airbnb and other platforms. These policies include but are not limited to:

      • Flexible.

      • Moderate.

      • Strict.

      • Better Strict with Grace Period.

      • Strict with 14 days Grace Period.

    • Long-Term Stay Cancellation Policy: these are the cancellation policy options for long-term guests. (example; “Cancel Long Term Fair policy” or “Cancel Long Term With Grace Period”).

    • Non-Refundable Price Factor: this is the amount of non-refundable money in case of cancellation, and depending on the cancellation policy. (example; a factor of 0.5 means that the guest will be refunded 50% of the amount).

  4. Prices


    This page is perhaps the most important for optimizing the rental income that your properties generate while being rented out on online booking platforms.

    Through this page, you will be able to control all the different financial aspects of your property including rental rates, discounts, expenses, and fees.

    Starting at the top, you’ll see a section for controlling the rental rate of your property:


    In this section, you will find options to control:

    • Currency: what type of currency you want your guests to pay with.

    • Min/Max Daily Charge: what the minimum and maximum amounts you want to charge your guests for staying at your property per day.

    • Default Daily/Weekend Price: this lets you choose the default rate at which you want to rent out the property on a weekday or on a weekend.

    What these options do is that they will automatically change the rental price of your property based on these parameters depending on the market’s data and the property’s historic data.

    For example, if you set the default weekend price to $60 per night but our max price is $100, then the tool will setup the default price on any normal weekend, but will attempt to increase that price up to $100 on a weekend where the demand is high and multiple bookings are made for the property.

    In other words, these parameters determine how much the price can go up or down automatically based on the property’s availability, which is in turn affected by the number of bookings being made.

    Following that is a section dedicated to setting the automation options on your property listing which can either increase or decrease the property’s availability:

    All of these options determine when and how often your property listing’s availability will be adjusted based on bookings made by guests.

    • New Bookings: this means that your property’s availability will be decreased whenever a new booking is made for that property.

    • Modified Bookings: this means that your property’s availability will be adjusted (increased/decreased) whenever a pre-existing booking gets edited by you or the guest.

    • Canceled Bookings: this means that your property’s availability will be increased when a booking has been canceled.

    Next, we have a small section that lets you offer a variety of discounts to your guests depending on the length of their stay:

    This lets you incentivise longer stays by offering guests a percentage-based discount if they rent your property for a week or a month, which is self-explanatory.

    After that, we have a section for adding and controlling additional standard fees that can greatly contribute to the amount of income your rental property generates:

    These settings let you change the following options:

    • How many extra guests are permitted to the property.

    • How much extra charge has to be paid for each extra guest.

    • Resort fee (if applicable).

    • Management fee.

    • Community fee (if applicable).

    • Linen fee per person (example; providing clean sheets to new guests, cleaning mattresses after the guests leave).

    • Security deposit.

    Additionally, there are extra Cleaning Fees that you can add to further increase your rental income to cover the cost of property cleaning and maintenance.

    Cleaning fees can have different values for guests renting the property for less than 3 nights and guests whose stay lasts for 3 nights or more.

    In recent years cleaning fees have become very common for vacation rentals as they have significantly improved the return on investment that these properties can generate.

    All of these fees will be added to the price that the guest will have to pay for your rental property.

  5. Taxes

    Another very useful menu that users can use to further detail their property’s information and get more accurate results and analytics is the option to add custom taxes to each property.

    This feature lets you add one or more taxes, fees, or expenses related to the rental property that you own so that you can get a better understanding of your spending and compare it to your rental income in other sections of Mashvisor’s platform.

    When you click the “Create Tax” on the previous page, you will see this popup window appear.

    This window allows you to create a new tax entry related to the property that you’re editing.

    You can start by naming the tax entry, such as “Relax Home’s City Tax”, which will be the name that appears in the list of taxes for that property.

    After that, you can choose between an inclusive or an exclusive tax - select inclusive if the tax amount is included in the total fee that you’re adding, or exclusive if you’re adding the tax separately from this particular fee’s entry.

    Example; if you’re adding a property management fee and that fee’s amount already includes taxation, then you can add it as an inclusive fee. But if you’re adding a fee to which the tax amount is yet to be added to arrive at the final cost, then you should select exclusive.

    Next, you have the option to select a “login” type, which refers to the trigger that you want to take effect for each of this particular tax’s entry to be logged. These options include:

    • Per Booking: creates an entry of this tax whenever the property is booked - appropriate for expenses like rental income tax.

    • Per Person: creates an entry per person whenever the property is rented out - appropriate for expenses like providing clean fresh sheets and blankets for each guest.

    • Per Room: creates an entry per number of rooms that get rented out - appropriate for expenses like mattress cleaning fees.

    • Per Night: creates an entry for each night that the property is being occupied - appropriate for expenses like electricity and water bills.

    You can also choose the type of expense, including:

    • Tax.

    • City Tax.

    • Fee.

    After selecting the type of tax or expense that you want to add, you can then set the amount and currency per entry of this tax.

    You can also add additional optional settings for each tax entry to setup specific parameters and limitations and optimize the creation of future entries to this tax:

    • Applicable After/Before Dates: this makes the tax entry limited to specific dates which helps you create tax entries for date-based taxes and expenses like weekly-based or monthly-based property taxes and maintenance costs.

    • Max Nights/Skip Nights: this controls the number of nights that a tax entry will register and lets you further customize tax entries for niche situations and expenses.

  6. Availability

    One of the most important features that Mashvisor’s Vacation Rental Property Management tool provides is the ability to control and automate your property’s availability across several online booking platforms from one place.

    By clicking “Availability” on the left-side menu you will be taken to the page you see above where you can control several settings of your property’s availability times and schedule:

    Max/Min Advance Booking Time

    Starting at the top, you can choose the maximum and minimum amount of time that guests can book a property prior to the date they want to rent it on.

    For example; if you set the maximum advance booking days to 30 days, it means that a guest has to book the property less than 30 days before their check-in date. And, if you set the minimum advance booking hours to 24 hours, then a guest has to book the property more than 24 hours before their check-in time.

    Limit Stay Duration

    In this section of the page, you can set limits on the minimum or maximum length of a guest’s stay on the property.

    This includes setting a Minimum Stay Type, which is an Airbnb setting that lets you choose the method by which a minimum stay is permitted from the options:

    • Arrival

    • Through

    • Both

    Check-in/Check-out Days

    Lastly, this section lets you choose which days of the week is your property available or unavailable for either checking in or checking out.

    This is important when it comes to the automation of your property’s availability if you want to avoid guests checking in or out on specific days of the week for any reason.

  7. Address & Photos

    Address

    This option lets you edit everything related to the address of your property including:

    • State.

    • Country.

    • Street Address.

    • ZIP Code.

    • City.

    • Timezone.

    It will also show you a map image of your property if it’s available based on its address location.

    Photos

    Finally, this straightforward setting lets you add photos to each listing’s gallery to showcase your vacation rental.

    You can add photos of the exterior of your property to showcase the appeal of its location or attached utilities, or you can add photos of the property’s interior design and different rooms with captions and descriptions that can attract new guests.

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