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Table of contents

Cap rate calculator
The cap rate calculator is used to understand and compare the potential return on investment from an investment property.
Enter the current market value or purchase price of the property. This is the basis for determining the capitalization rate.
Input the total yearly income generated by the property, including rent, fees, and any other sources of revenue, before expenses.
Input the percentage of annual gross income that represents the property's total operating expenses. This is an alternative way to represent operating expenses if the exact dollar amount is unknown.
Enter the annual dollar amount of all costs associated with managing and maintaining the property, such as utilities, taxes, insurance, and repairs.
Input the estimated percentage of time the property is unoccupied or not generating income. This accounts for potential income loss due to vacancies.
This field displays the calculated yearly income after subtracting operating expenses and adjusting for vacancy rate. This figure is used to determine the capitalization rate and evaluate the property's potential return on investment.
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ResourcesseparatorProperty Management for Short Term Rentals

Awning Property Management Review: Services, Costs, and Terms

Key takeaways

Awning Property Management Review: Services, Costs, and Terms

BOTTOM LINE

Awning is the top-rated full-service vacation rental management option for most U.S. property owners in 2026. At 10–15% commission — roughly half of Vacasa's rate — Awning delivers complete management: listing, pricing, guest communication, cleaning coordination, and maintenance. The April 2024 acquisition by RedAwning added enterprise distribution technology and expanded market coverage. Use the free revenue estimator to see what your property could earn under management.

What Is Awning?

Awning is a full-service STR property management company founded in 2020 by Shri Ganeshram and Danaus Chang. In April 2024, Awning was acquired by RedAwning — a national vacation rental distribution and management platform with 20,000+ properties. The acquisition significantly expanded Awning's capabilities. See our RedAwning property management review for background on the parent company.

RedAwning's technology stack provides distribution to 50+ booking channels, enterprise-level dynamic pricing, and operational infrastructure across all major U.S. vacation rental markets. Awning's full-service management model now runs on this distribution foundation — making it one of the few companies combining full service, genuine nationwide coverage, and competitive pricing.

Awning Services: What's Included at 10–15%

Listing & Distribution

•        Professional listing creation with SEO-optimized titles and descriptions

•        Distribution to 50+ booking channels: Airbnb, VRBO, Booking.com, direct booking, and more

•        Professional photography coordination at onboarding

•        Ongoing listing optimization based on performance data

Revenue Management

•        Dynamic pricing updated daily based on market demand, events, and competitor rates

•        Minimum stay optimization by season

•        Occupancy gap-filling strategies for shoulder seasons

Guest Services

•        24/7 guest communication from inquiry through post-checkout review requests

•        Digital guidebooks and check-in instructions

•        Damage claim management

Property Operations

•        Turnover cleaning coordination with vetted local vendors

•        Maintenance request management and vendor coordination

•        Supply restocking coordination

•        Inspection protocols between guest stays

Awning Fees: Full Breakdown

ItemCostNotes
Management Commission10–15% of gross revenueExact rate varies by market/property
Onboarding Fee$0No setup cost
PhotographyIncludedProfessional photos at onboarding
CleaningPass-through to guestOwner-set cleaning fee collected from guests
MaintenanceCoordinatedOwner pays vendors; Awning coordinates
ContractMonth-to-monthNo long-term lock-in

For a broader look at what STR management fees look like across the industry, see our Airbnb management fees guide. The 10–15% rate represents the lowest full-service rate among national STR management companies — only Evolve matches the fee, but Evolve is a half-service marketing platform, not full-service management.

Awning Reviews: What Hosts Say

Awning holds a 4.7/5 rating on Trustpilot as of early 2026 — the highest among national full-service STR management companies.

Recurring positive themes:

•        Revenue performance meeting or exceeding onboarding projections

•        Responsive property management — maintenance resolved faster than with prior managers

•        Transparent monthly statements with no fee surprises

•        Fast onboarding and time-to-listed

 

Recurring improvement areas:

•        Some hosts in newer markets note local vendor networks are still maturing

•        Owner portal, while functional, is less feature-rich than Vacasa's legacy platform

Awning vs. Top Competitors

CompanyFeeServiceCoverageContractTrustpilot
Awning (RedAwning)10–15%Full-serviceNationwideMonth-to-month4.7/5
Evolve10%Marketing onlyNationwideMonth-to-month3.8/5
Vacasa / Casago25–35%+Full-service35 statesVaries2.1/5
AvantStay20–30%Full (luxury)30 marketsSelective3.2/5

Is Awning Worth It in 2026?

Yes. Awning's combination of full-service management, nationwide coverage, month-to-month flexibility, and 10–15% commission is objectively the strongest value proposition in the U.S. full-service STR management market.

The competitive advantage is clearest against Vacasa: on a property generating $60,000 gross revenue annually, the fee difference between Awning (12%) and Vacasa (30%) is $10,800 per year — with comparable or better service. Use the free Airbnb revenue estimator to calculate what that difference looks like for your specific property.

For more context, see our full comparison of Evolve vs Vacasa vs AvantStay and the 7 best Airbnb management companies in 2026.

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