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Pricing Assistance - Let Rex Help Set Your Rates

5 min read Beginner For Owner, Manager Updated 13 days ago
Quick Answer
Tell Rex what you want to charge in plain English (like 'charge 20% more on weekends') and Rex creates the pricing rule for you. Rex also suggests pricing improvements based on your booking patterns.

Pricing Assistance

Setting the right prices can be complex. Rex makes it easy by letting you describe what you want in plain English—then creates the pricing rules for you.

Natural Language Pricing

How It Works

Instead of navigating forms and dropdowns, just tell Rex what you want:

Charge 20% more on weekends

Rex translates your words into a properly configured pricing rule, shows you a preview, and applies it when you confirm.

Example Phrases Rex Understands

Weekend/Weekday Pricing:

  • Add 20% on Saturdays and Sundays
  • Charge $50 more on weekends
  • Give 10% off on Tuesdays and Wednesdays

Holiday Pricing:

  • Double the price on July 4th
  • Add 50% for Memorial Day weekend
  • Charge $100 extra on holidays

Seasonal Pricing:

  • Increase prices 25% from June through August
  • 15% off in September and October
  • Peak season pricing from May 15 to Labor Day

Early Bird / Last Minute:

  • 15% discount for bookings made 30 days ahead
  • 10% off if they book 2 weeks early
  • Last-minute deal: 20% off within 3 days

Volume Discounts:

  • 10% off when booking 3 or more units
  • Give groups a discount for 5+ rentals

Using Rex for Pricing

From the Price Rules Wizard

  1. Go to Account → Pricing in the navbar
  2. Click Create with Rex
  3. Rex guides you through a 5-step wizard
  4. Describe your pricing intent in plain English
  5. Rex analyzes your request and shows a preview with calendar visualization
  6. Select which units to apply the rule to
  7. Review and confirm — the rule is active immediately

From Rex Chat

  1. Open Rex chat from anywhere
  2. Describe what you want: > I want to charge more on holiday weekends
  3. Rex asks clarifying questions if needed: > How much more would you like to charge? A percentage (like 25%) or a fixed amount (like $50)?
  4. Rex creates the rule and shows a preview
  5. Confirm to apply

Rex's Pricing Guidance

When you're creating price rules, Rex provides step-by-step guidance:

During Setup

Rex explains each step:

**Setting the modifier** — This is how much to change the price. Use a percentage (like +20%) for proportional changes, or a fixed amount (like +$50) for flat fees.

Pro Tips

Rex shares best practices:

💡 **Pro tip:** Most successful rental businesses use 3-5 price rules covering weekends, peak season, and one promotional discount.

Field-Specific Help

Hover over any field for Rex's explanation:

**Days of Week:** Select which days this rule applies. Leave blank to apply every day.

Pricing Suggestions

Rex proactively identifies pricing opportunities based on your data.

Missing Rule Types

Rex notices when you're missing common rules:

You don't have a weekend premium, but your weekend bookings are 40% higher than weekdays. Would you like me to create one?

Underperforming Rules

Rex spots rules that aren't working:

Your early bird discount has only been used 3 times in 2 months. Would you like to adjust it or try a different approach?

Seasonal Opportunities

Rex watches the calendar:

Memorial Day is in 3 weeks and you don't have holiday pricing set. Last year, similar businesses charged 30% more.

Preview Before Applying

Rex always shows you what the rule will do before it takes effect.

Rule Preview 

📋 Price Rule Preview

Name: Weekend Premium
Type: Percentage increase (+20%)
Applies to: Saturday, Sunday
Units: All pontoon boats
Dates: Year-round

Example Impact:
• $300 weekday rental → $360 on weekends
• $450 weekday rental → $540 on weekends

[Apply Rule] [Edit] [Cancel]

Impact Estimation

Rex estimates revenue impact when possible:

Based on your last 3 months, this rule would have generated an additional **$2,400** in revenue.

Conversation Example 

You: I want to charge more during the summer

Rex: Great idea! Summer is peak season for most rental businesses.

How would you like to set this up?
• Percentage increase (e.g., 25% more)
• Fixed amount increase (e.g., $50 more)

You: Let's do 25% more

Rex: Perfect. What dates should this cover?

• Memorial Day to Labor Day (traditional summer)
• June 1 to August 31
• Custom dates

You: Memorial Day to Labor Day

Rex: Got it! Here's the rule I'll create:

📋 Summer Peak Season Premium
• +25% on all rentals
• May 24, 2026 - September 1, 2026
• Applies to all units

This would increase a $300 rental to $375 during summer.

Want me to apply this rule?

You: Yes, apply it

Rex: Done! Your Summer Peak Season Premium is now active. 
Customers booking between May 24 and September 1 will 
see the adjusted prices.

Tips for Natural Language Pricing

Be Clear About Amounts

✅ Add 20% on weekends
✅ Charge $50 more on holidays
❌ Charge a bit more sometimes

Specify When It Applies

✅ 15% off in September
✅ Weekend premium on Saturdays and Sundays
❌ More expensive when busy

Include Which Units (If Not All)

✅ 20% more for pontoon boats on weekends
✅ Jet ski holiday surcharge of $25

Editing Rules Later

After Rex creates a rule, you can always edit it:

  1. Go to Pricing → Price Rules
  2. Find the rule
  3. Click to edit
  4. Make changes manually or ask Rex for help

Rex, change my weekend premium from 20% to 25%

Frequently Asked Questions

Can I just tell Rex what I want to charge?
Yes! Describe your pricing in plain English like 'Add $50 on weekends' or '15% off for early bookings.' Rex translates your words into the correct pricing rule configuration.
Does Rex show me the rule before applying it?
Yes, Rex always shows you a preview of the pricing rule before applying. You can customize or cancel before it takes effect.
Can Rex suggest what prices I should charge?
Yes, Rex analyzes your booking patterns and suggests pricing opportunities like weekend premiums, early bird discounts, and seasonal adjustments.