- Real Estate
Awning Review -- find and invest in single-family rental properties
This review of Awning Property Management aims to provide insights into their services, costs, and terms. As a full-service company established in 2020, Awning has quickly become known for providing excellent value in the US short-term rental management industry.
Awning
- Investment Types: Real Estate
- Sectors: Vacation Rental Property Management
- Open to all investors
Pros
- Low fee of 15% of revenue for comprehensive property management.
- Positive reviews indicating high customer satisfaction.
- Services available across the entire US, catering to various property types.
Cons
- Relatively new in the industry, established in 2020.
- Additional costs for interior design and furnishing.
- Insurance costs are separate from the management fee.
Overview
This Awning Review will help you learn more about Awning's investment offerings, including how the alternative investments on Awning are structured, and what your potential returns might be. You can read more about the criteria we use to review investment platforms here.
What Awning Is:
- A comprehensive service provider for both long-term and short-term rental properties.
- Services include buying, furnishing, and managing vacation rentals.
- Focused on offering effortless property management to maximize passive income.
Where It’s Available:
- Nationwide coverage, managing various property types across the US.
- Unique ability to handle properties in all major cities and remote locations.
How It Works:
- Full-service management including property readiness, listing, marketing, dynamic pricing, guest management, cleaning, restocking, and maintenance.
- Additional services for interior design and furnishing managed by an ex-Head of Design at Airbnb.
Types of investments Awning offers
Terms and Requirements:
- Flexible management terms with options for a discounted annual contract.
- Comprehensive service agreement covering all aspects of vacation rental management.
Customer Reviews:
- Positive reviews with an average guest rating of 4.8/5 stars.
- High marks for well-maintained properties, excellent locations, and responsive customer support.
Additional Tools and Services:
- Awning also offers investment brokerage services, pre-analyzed property deals, free tools for Airbnb and LTR investors and multiple partnerships through which investors can get discounts on everything from insurance to furnishing and design.
What do you get when investing with Awning?
can help you locate and purchase rental properties, but if you choose to invest, you will be purchasing a physical property, not a security.
How does Awning make money?
- Industry-low fee of 15% of monthly revenue for full-service management.
- Additional costs for design and furnishing, and insurance.
- No extra costs for onboarding or leaving the service.
Potential returns and cashflow
The specific returns from any particular property will vary greatly based on factors like ownership and maintenance expenses, rental income, vacancy rates, and property value fluctuations.
Breadth of offerings on Awning
Awning currently offers properties in several major metropolitan areas in California, Texas, and Florida. Properties are sourced via the MLS (multiple listing service) system.
Regulatory framework
Awning Property Management stands out with its low fee structure, nationwide coverage, and comprehensive services. Ideal for investors seeking a hassle-free approach to vacation rental management, Awning’s approach to maximizing revenue while ensuring high levels of guest satisfaction makes it a strong contender in the vacation rental industry.
This review was first published on .
Our Rating
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