{"id":4286,"date":"2015-04-16T20:16:25","date_gmt":"2015-04-16T20:16:25","guid":{"rendered":"https:\/\/www.lodgix.com\/blog\/?p=4286"},"modified":"2015-04-16T20:16:25","modified_gmt":"2015-04-16T20:16:25","slug":"universal-property-template-security-deposits","status":"publish","type":"post","link":"https:\/\/www.lodgix.com\/blog\/universal-property-template-security-deposits\/","title":{"rendered":"Universal Property Template – Security Deposits"},"content":{"rendered":"
\n
\n

Security or damage deposits are now setup within the new Universal Property template.<\/p>\n<\/div>\n

\n

Settings > Templates > Universal Property<\/h2>\n
\"\"<\/a><\/div>\n<\/div>\n
\n

\u00a0Click on the Security Deposit Tab<\/h2>\n
\"\"<\/a><\/div>\n
\n
    \n
  1. Choose when to collect the security deposit. \u00a0The most common (and preferred) implementation is “at time of reservation”.<\/li>\n
  2. Click “Add Deposit”.<\/li>\n<\/ol>\n<\/div>\n<\/div>\n
    \n
    \"\"<\/a><\/div>\n
    \n
      \n
    1. Enter a name like “Security Deposit”<\/li>\n
    2. Enter the amount of the security deposit<\/li>\n
    3. Choose whether the deposit is a pre-auth or not. \u00a0A pre-auth means that the security deposit is never actually collected. \u00a0A pre-auth means that a pre-authorization is run on the guest credit card for the amount of the security deposit. \u00a0This places a hold on the guest credit card in the amount of the security deposit, usually for seven (7) days, at which times the pre-auth will expire. \u00a0 Note: pre-auths typically aren’t a real good mechanism for protecting the property as many times the pre-auth will expire before the guest checks out, leaving little protection for the property manager.<\/li>\n<\/ol>\n<\/div>\n<\/div>\n
      \n
      \"\"<\/a><\/div>\n
      \n
        \n
      1. Select the security deposit.<\/li>\n
      2. Add to ALL properties or<\/li>\n
      3. Add to individual properties<\/li>\n<\/ol>\n

        The arrow shows how the table can be manipulated to show which properties contain (or don’t contain) the security deposit.<\/p>\n<\/div>\n<\/div>\n

        \n
        \n

        Note: most property managers no longer use security deposits for many reasons:<\/p>\n

          \n
        1. Time required to collect \/ refund the security deposit.<\/li>\n
        2. Possible loss of discount rate as most merchant accounts will not refund the discount rate.<\/li>\n
        3. Possible damage to online reputation when a guest disputes the retention of the security deposit and complains in the many forums and review sites online.<\/li>\n<\/ol>\n

          Most property managers now mandate Damage Protection. \u00a0Learn more about damage protection and how to set it up within Lodgix.<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

          Security or damage deposits are now setup within the new Universal Property template. Settings > Templates > Universal Property \u00a0Click on the Security Deposit Tab Choose when to collect the security deposit. \u00a0The most common (and preferred) implementation is “at time of reservation”. Click “Add Deposit”. Enter a name like “Security Deposit” Enter the amount […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[298],"class_list":["post-4286","post","type-post","status-publish","format-standard","hentry","category-vacation-rental-software-new-features","tag-security-deposits"],"_links":{"self":[{"href":"https:\/\/www.lodgix.com\/blog\/wp-json\/wp\/v2\/posts\/4286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lodgix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lodgix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lodgix.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lodgix.com\/blog\/wp-json\/wp\/v2\/comments?post=4286"}],"version-history":[{"count":1,"href":"https:\/\/www.lodgix.com\/blog\/wp-json\/wp\/v2\/posts\/4286\/revisions"}],"predecessor-version":[{"id":4287,"href":"https:\/\/www.lodgix.com\/blog\/wp-json\/wp\/v2\/posts\/4286\/revisions\/4287"}],"wp:attachment":[{"href":"https:\/\/www.lodgix.com\/blog\/wp-json\/wp\/v2\/media?parent=4286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lodgix.com\/blog\/wp-json\/wp\/v2\/categories?post=4286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lodgix.com\/blog\/wp-json\/wp\/v2\/tags?post=4286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}