From Theme Options – General – Listings Labels you manage the following options:

When you add a new property status, you may require to add custom css for it, so that you can arrange text and choose background color. Custom CSS panel is in Theme Options – Design.

For example: you add status ‘new offer’ and ‘hot offer’. This is the css code that you must as as well:

.hot-offer{
color: #fff;
background: #FB6A5C;
}

.featured_property .hot-offer,
.property_listing .hot-offer {
font-size: 12px!important;
}

 .new-offer{
    color: #fff;
    background: #FB6A5C;
}

.featured_property .new-offer,
.property_listing .new-offer {
font-size: 12px!important;
}

IMPORTANT: if you type the status with caps letters, the css must include the new names with the same caps letters.

Help for custom CSS:  http://help.wpresidence.net/article/how-to-add-custom-css/

Status is selected from Admin – Edit property

 

And status can be selected from submit form as well

 

Labels show on property unit – featured image.