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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.
Calculate cap rate
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ResourcesseparatorProperty Management

Hospitable vs Hostaway: Best Airbnb Automation Software in 2026?

Key takeaways

Hospitable vs Hostaway: Best Airbnb Automation Software in 2026?

Hospitable (formerly Smartbnb) and Hostaway are both popular automation platforms for Airbnb hosts — but they serve meaningfully different audiences. Hospitable is built for individual hosts who want to automate guest communication and basic operations. Hostaway is a full property management system (PMS) for professional managers running portfolios at scale. The right choice depends on how many properties you manage and what operational depth you need. For hosts considering full-service management instead, see Awning's vacation rental property management.

Hospitable: Smart Automation for Individual Hosts

Hospitable's core product is AI-powered guest messaging — it learns from your communication style and handles the bulk of routine guest messages automatically. Beyond messaging, they offer task management, review automation, and basic operations coordination.

Hospitable Strengths:

•        Best-in-class automated guest messaging — natural language, personalized to your style

•        Auto-review posting and review request automation

•        Simple task management for cleaners and check-ins

•        Very easy to set up — most hosts are live within a day

•        Pricing: starts at ~$29/month for up to 2 properties

Hospitable Limitations:

•        Not a full PMS — limited financial reporting, owner statements, and multi-channel management

•        Doesn't replace a channel manager for complex multi-platform distribution

•        Less suitable for property managers running 10+ properties

Hostaway: Full PMS for Property Managers

Hostaway is a comprehensive property management system — channel management, reservations, guest communication, operations, financial reporting, and owner portals all in one platform. It's built for professional property managers who need to run an STR business, not just automate a few properties.

Hostaway Strengths:

•        Full channel management: Airbnb, VRBO, Booking.com, and 40+ channels synchronized

•        Operations management: task automation, cleaner coordination, inspection checklists

•        Financial reporting and owner statements

•        Owner portal for transparent property reporting

•        Strong integrations: PriceLabs, Wheelhouse, Beyond, Stripe, and more

Hostaway Limitations:

•        More expensive and complex than Hospitable — higher setup and learning curve

•        Guest messaging automation less advanced than Hospitable's AI model

•        Overkill for hosts managing 1–3 properties

Who Should Use Each

Scenario Best Choice
1–5 properties, want better guest messaging Hospitable
5+ properties, need full channel management Hostaway
Need owner statements and financial reporting Hostaway
Want smart review automation Hospitable
Running a property management business Hostaway
Want to avoid software altogether Awning full-service management

Both tools work best when paired with a dynamic pricing tool like PriceLabs or Wheelhouse. For hosts who'd rather not manage the software stack at all, Awning's full-service management handles everything — messaging, channel distribution, pricing, and operations — in a single service.

📎  Related Resources

Awning Airbnb Marketing & Distribution

Guest Check-In / Check-Out Management

Airbnb Market Data

Awning Full-Service Management

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