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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

Vacasa vs Airbnb: What's the Difference and Which Is Better for Your Property?

Key takeaways

Vacasa vs Airbnb: What's the Difference and Which Is Better for Your Property?

Vacasa vs Airbnb is a comparison that reveals a common misconception about the short-term rental industry. Airbnb is a booking platform — a marketplace where travelers find and book properties. Vacasa is a management company — an operator that lists and manages your property on Airbnb and other platforms. They're not competing alternatives; they serve fundamentally different functions. But understanding this distinction is essential for any property owner evaluating their options. See Awning's top Airbnb management companies review for a proper management company comparison.

What Airbnb Actually Is

Airbnb is a marketplace. They connect travelers with properties and collect a service fee from both guests and hosts. They don't manage properties — they provide the platform on which properties are listed. As an Airbnb host, you can self-manage your property or hire a management company to manage it on your behalf. Airbnb is just the channel.

As a Property Owner on Airbnb:

•        You (or your manager) create and maintain the listing

•        Airbnb charges you a 3% service fee on each booking

•        Airbnb handles payment processing and some guest protections

•        Everything else — pricing, cleaning, communication, maintenance — is your responsibility

What Vacasa Actually Is

Vacasa is a management company that manages your property on Airbnb, VRBO, Booking.com, and other platforms. They handle operations — pricing, guest communication, cleaning, maintenance — in exchange for a management fee of 25–35% of gross revenue. Your property appears on Airbnb because Vacasa lists it there, not because you signed up with Airbnb directly.

As a Property Owner with Vacasa:

•        Vacasa creates and manages your listing on Airbnb and other channels

•        Vacasa handles pricing, guest communication, cleaning, and maintenance

•        You pay Vacasa 25–35% of gross revenue

•        Vacasa pays Airbnb's 3% host fee from your revenue

The Real Question: Which Channels + Which Manager?

The right framework isn't 'Vacasa vs Airbnb' — it's 'which management approach do I want?' with 'which channels does my manager distribute on?' as a sub-question. Your options:

•        Self-manage on Airbnb (and VRBO, Booking.com, etc.) — no management fee, maximum control, significant time commitment

•        Use a partial-service manager like Evolve — 10% fee, booking management only, you handle local ops

•        Use a full-service manager like Vacasa or Awning — 25–35% fee, everything handled, truly passive

The management company you choose determines which channels your property appears on. The best managers list on Airbnb, VRBO, Booking.com, and 47+ other platforms — maximizing your reach without you managing each channel separately.

Channel Reach: Airbnb Alone vs Multi-Channel

One of the key advantages of using a strong management company: they distribute across far more channels than most self-managers maintain. Awning lists properties on 50+ booking platforms. Self-managing hosts typically use 1–3 channels. Use Awning's income estimator to see the revenue impact of multi-channel distribution on your specific property.

Validate any revenue projection against Airbnb market data before making a management decision.

📎  Related Reading

Top Airbnb Management Companies Reviewed

Airbnb Income Estimator

Airbnb Market Data by City

Airbnb Cap Rates Guide

Awning Full-Service Management

RedAwning Portfolio Management

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