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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

Evolve vs AvantStay: Which Vacation Rental Manager Is Right for Your Property?

Key takeaways

Evolve vs AvantStay: Which Vacation Rental Manager Is Right for Your Property?

Evolve vs AvantStay: Which Vacation Rental Manager Is Right for Your Property?

Evolve and AvantStay represent two very different philosophies in vacation rental management — one built on low-cost digital services, the other on premium, white-glove operations for high-end properties. Choosing between them (or realizing neither fits) comes down to your property type, your market, and how hands-on you want to be. See Awning's full review of top Airbnb management companies for broader context.

Evolve: Booking Management Without Local Operations

Evolve positions itself as a tech-enabled alternative to full-service management. They handle listing creation, distribution across Airbnb and VRBO, dynamic pricing, and guest communication. What they don't touch: cleaning, maintenance, and anything that requires someone physically at your property. You source and manage your own cleaner. You handle on-the-ground issues when guests have problems.

Fee: 10% of gross revenue. One of the lowest in the industry — and that price reflects the scope.

Evolve Works Best For:

•        Owners who already have a reliable local cleaner and handyman

•        Hosts comfortable managing local operations themselves

•        Properties in markets where Evolve has strong booking volume

•        Owners who want channel distribution without paying for full operations

Evolve's Limitations:

•        You are the local operation — if something breaks at 2am, that's on you

•        Limited channel reach compared to full-service managers with proprietary distribution

•        Minimal support for property setup, photography, or optimization beyond basics

AvantStay: Premium Management for Group-Travel Properties

AvantStay targets a completely different market: large, high-end vacation homes in premium leisure destinations. Think 5-bedroom mountain retreats, luxury beach houses, and properties designed for group travel. They offer genuinely full-service management — listing, marketing, cleaning, local operations, interior design consultation, and event-ready property setup.

Fee: 25–35%+ of gross revenue. They're selective about which properties they accept — yours needs to meet quality and size thresholds.

AvantStay Works Best For:

•        Owners of larger (4+ bedroom) properties in premium leisure markets

•        Properties targeting group travel and family vacation segments

•        Owners who want completely hands-off management and are willing to pay for it

•        High-end properties where the premium management fee is justified by RevPAR

AvantStay's Limitations:

•        Most properties don't qualify — they're highly selective

•        25–35%+ fee is among the highest in the industry

•        Smaller market footprint than Evolve or Vacasa

•        Not the right fit for standard homes, condos, or smaller properties

Head-to-Head: Evolve vs AvantStay

Factor Evolve AvantStay Awning
Management Fee 10% 25–35%+ Transparent — see awning.com
Property Types Accepted All Luxury / Large only All
Local Operations Owner-managed Yes Yes
Cleaning Coordination Owner-managed Yes Yes
Channel Reach Airbnb + VRBO focus Moderate 50+ channels
Best Property Size Any 4+ bedrooms Any
Dynamic Pricing Yes Yes Yes
Owner Portal Basic Yes Real-time

The Evolve vs AvantStay choice only makes sense if your property fits AvantStay's selective criteria. For owners of standard homes, condos, or mid-sized properties, neither is the optimal choice.

Validating Revenue Claims

Before committing to either platform, validate their revenue projections against real market data. Use Awning's free Airbnb income estimator and Airbnb market data for your city to establish an independent baseline. Both AirDNA and Rabbu also provide third-party market benchmarks.

📎  Related Reading

Top Airbnb Management Companies Reviewed

Airbnb Management Companies in Florida

Airbnb Income Estimator — Free Tool

Airbnb Market Data by City

Awning Full-Service Vacation Rental Management

RedAwning Portfolio Management

See how Awning compares to Evolve and AvantStay →

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