OK2Charge offers Professional Vacation Rental Managers endless options on how to operationalize EV charging across their portfolio. The flexibility is great, but will so many choices it can be difficult to decide which strategy is best. We've created this 4 step checklist with our key recommendations and best practices to help make that decision a little easier
PROPERTY MANAGER (most popular option)
Are looking to accelerate the impact of EV charging as you get close to your prime booking season or need help filling last minute gaps? This is the strategy we recommend.
Discounts are available bulk orders, allowing property managers to purchase chargers and either:
OWNERS
We will work with you to educate and drive adoption with your owners (read more below)
BOTH
INSTALL COST
Exact installation costs are dependent on configuration, location and requirements. On average our customers have paid between $800 - $1200 per charger. Here are a few ways to manage those costs:
PROPERTY MANAGER (most popular option)
OWNERS
WHO WILL INSTALL?
PROPERTY MANAGER (most popular option)
WE CAN HELP
FIRST, WHAT DOES THE FEE COVER?
Our annual software fee is $199 per charger (equivalent to the standard Netflix subscription) and it includes:
Ongoing platform upgrades, including new features
As your PMS releases monthly/ quarterly API updates, we upgrade our platform, ensuring our direct integration always up to date. This API integration unlocks powerful management tools including access controls based on reservation and guest information
Continued access to pricing tools to enhance your strategy
Self-service, Guest platform with automated payments and payouts eliminating the burden of manual reconciliation
On demand reporting to monitor revenue, utilization and performance
Partnership - from access to support to proactive, partnership success plans, we are invested in your success.
WHO PAYS FOR THE SOFTWARE?
PROPERTY MANAGER (most popular option)
When setting pricing remember, EV charger demand is still growing and today the largest and most immediate ROI property managers experience is a result of increased bookings.
Think big picture and measure your ROI on the impact of elevating your brand experience with a modern, green friendly message and increasing bookings by capturing a new market of travelers who will become lifelong guests of your brand.
PRICING OPTIONS
"PAY AS YOU GO" (most popular option)
Drive usage by adopting the EV pricing model your guests are already familiar with - charge a per KwH fee and let guests pay for the electricity they consume.
Consider a marginal lift in rates to cover OK2Charge's 20% transaction fee. Example: Current electricity costs is .30 per KwH. Increase your rate to .38.
Does your electricity cost vary based on time of day? Leverage our platform to charge different per KwH rates at different times.
FLAT FEE
ADDITIONAL, OPTIONAL FEES
Connection Fee
Add a $3-$5 connection fee to ensure a minimum revenue gain for each session
Idle Fee
Will you charger be in a public location? Charge a $5-$7 idle fee to discourage drivers from leaving their cars for a prolonged period post charge to maximize availability for the next EV driver.
REVENUE SHARE BEST PRACTICES
How should you allocate the revenue generated through charging sessions (less OK2Charge's transaction fee)? Whatever you decide, payouts are sent from our platform at the end of each month to your owners or you, no updating statements or manual reconciliation.
100% to OWNER (most popular option)
X% TO OWNER / X% TO PROPERTY MANAGER
Your properties, your rules. We are here to guide you on best practices and give you the flexibility you need to define the strategy that is right for your business.
Start somewhere and we'll iterate together. We encourage our partners to continually enhance their strategy post launch as they receive feedback from owners and guests.