When setting up your recipient strategies, you can also add exceptions, for example, if the owner earns 80% of the booking value for all their rentals except for one specific rental where they have agreed to a higher commission for the rental agency. In the following, we will list some examples of strategy exceptions and will show you how to set them up.
💡 Note: The taxes strategy only considers the VAT, as all other taxes need to be set up in the fees strategy. Therefore, most tax strategies are left blank and there are no typical use cases for exceptions in the tax strategy. Recurring Expenses do not have exceptions.
To access the recipients' strategy, follow these steps:
- Go to your Main Menu in the top left corner and select PM Modules
- Click Owner statements from the left menu bar.
- Select Recipients and click on the recipient you want to edit.
- Click Edit information and Strategy.
| Should receive money from ... | Strategy setup for the rental agency | Strategy setup for the rental owner |
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Bookings 🔎 Example: Let's say the owner should receive 88% of the rental price on all bookings except the ones from a rental named “Barceloneta Beach Apartments” from which they will earn only 80% of the rental price as they agreed with the rental agency on a higher commission. |
In the default rental price strategy, add the following exception: 20% on the rental “Barceloneta Beach Apartments” | In the default rental price strategy, add the following exception: 80% on the rental “Barceloneta Beach Apartments” |
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Fees 🔎 Example: Let's say the agency should receive 100% of all the fees, except for all those fees that contain the word cleaning, as the owner takes care of the cleaning and the agency only provides linen. |
In the default fees strategy, add the following exception: if the fee name contains "cleaning", 15€ per fee. The agency will then earn 100% of all fees, except for cleaning fees where they will only earn 15€ for the service of providing the linen. |
In the default fees strategy, add the following exception: if the fee name contains "cleaning", 45€ per fee. The owner will earn 45€ of cleaning fees and 0% of all other fees. |
Strategies allow a high level of customization. Feel free to play around with them as much as you want until you have a solid strategy for each one of your recipients.