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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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ResourcesseparatorFurnishing and Design for Real Estate

Best Smart Locks for Airbnb & Vacation Rentals (2026)

Smart locks eliminate key handoffs and let you issue unique codes per guest. Compare the 12 best smart locks for Airbnb and vacation rentals in 2026.

Key takeaways

Best Smart Locks for Airbnb & Vacation Rentals (2026)

Smart locks have become standard equipment for serious Airbnb hosts. They eliminate the logistics of key handoffs, let you issue unique access codes per guest that expire at checkout, and give you remote visibility into who's entering your property.  

If you're still using a lockbox or physical keys, upgrading is one of the highest-ROI improvements you can make. See how Awning sets up properties for maximum performance →

What to Look for in an Airbnb Smart Lock  

The best smart locks in our 12 selected categories are:

  • Keypad access — guests don't need to download an app or have a smartphone  
  • PMS integration — connects with Guesty, Hospitable, Lodgify to auto-generate codes  
  • Battery life — look for 6–12 months per charge  
  • Connectivity — Z-Wave, Zigbee, Wi-Fi, or Bluetooth each have different range and hub requirements  
  • Retrofit vs. full replacement — some locks add a smart module to your current lock

The 12 Best Smart Locks for 2026  

1. Schlage Encode Plus  

Best overall for Airbnb. Built-in Wi-Fi (no hub required), Apple Home Key support, up to 100 access codes,  

strong build quality. Works with most PMS integrations. ~$290.  

2. Yale Assure Lock 2  

Excellent all-around option. Wi-Fi or Z-Wave, clean design, touchscreen keypad, up to 250 codes.  

Integrates with SmartThings and most STR software. ~$200–$250.  

3. August Wi-Fi Smart Lock (4th Gen)  

Retrofit option that installs on your existing deadbolt interior. Easy install, strong app, good PMS integration via August Access. ~$200.  

4. Kwikset Halo Touch  

Fingerprint + keypad + app. Good for owner-occupied STRs. ~$180.  

5. Schlage BE489WB

Budget-friendly Schlage with Z-Wave. Requires a hub but reliable at a lower price point. ~$150.  

6. Ultraloq U-Bolt Pro Wi-Fi  

Best value for multiple entry methods: fingerprint, keypad, app, and key. Strong battery life. ~$130.  

7. Level Lock+  

Best-looking lock on the market — completely hidden mechanism inside your existing hardware. Bluetooth only, so best with a hub. ~$329.  

8. Igloohome Keybox 3  

Best smart lockbox for properties where a full replacement isn't possible (condos, HOA restrictions). Generates time-limited offline codes. ~$179.  

9. RemoteLock  

Best for multi-property operators. Cloud-based platform integrating with nearly all major PMS and OTA tools. Pricing varies by plan.  

10. Wyze Lock  

Best budget smart lock. App-based with keypad add-on available. Hard to beat at ~$90 for single-property use.

11. Lockly Secure Plus

Unique randomized keypad layout that prevents code-guessing from fingerprint smudges. ~$180.  

12. Schlage Sense

Apple HomeKit-only. Best in class for the Apple ecosystem. ~$230.  

Smart Lock + PMS Integration  

For multi-property managers, the real power comes from PMS integration. Platforms like Guesty, Hospitable, Lodgify, and Hostaway can automatically generate unique door codes for each reservation and push them to your lock — no manual steps required.

Awning's property management partners use smart locks as standard across managed properties. Learn about Awning management services →

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