RentMy - Rental and sale pricing controller. We have powerful pricing options to help you price your rentals for your specific workflow. RentMy offers several options to price your products in a way that matches your current rental operation. Choose from any option (by product, if you prefer) to help you accomplish your objective.
To set or adjust the price for a product, visit the Manage Inventory screen. Click on the name of the product. Once product detail is open, click the Price tab.Sell Price: Just like it sounds, enter a value here to offer the product for sale. This is optional; if you don’t want to offer a “for sale” price, just leave this field blank. RentMy permits you the rent and sell the same product (without having to create multiple SKUs/products).
Fixed Rental Rate: Use the Fixed Rate option when you want to offer an item for rent for an indefinite period of time for one fixed price. You may set this price to zero if you prefer, and the value you enter into this field is the amount to be charged, regardless of how long the item is rented. A typical example of how Fixed pricing is used is for businesses or clubs who simply want to track their inventory, rather than profiting from it.
Flat Rental Rate: Use the Flat Rate option when you want to offer an item for rent for a set price per term, for example, $10 per day, regardless of the number of days selected. Rental charges are calculated as the price multiplied by the number of periods. In our example, if the rental term is 4 days, the rental charges = $10 x 4 = $40. You can set a price for hourly, daily, weekly and/or monthly periods. And, the term needn’t only be 1 (like 1 day). You can set the term for 3 days for $25, for example.
Flex Rental Rate: The most powerful of the RentMy pricing controls, Flex Rental Rate allows you to establish multiple options for each interval (hour, day, week or month), allows you to establish the number of intervals the price is offered and also allows you to establish a second tier of pricing.
RentMy will reflect the lowest price based on the rental scheduling inputs by picking the greatest term that will “fit” into the term selected for the rental.