Top 6 Vacation Rental Management Companies for 2024

Owning a vacation home comes with fantastic perks like having a personal getaway spot, saving on hotel costs, and earning rental income. However, managing a vacation rental can be time-consuming, requiring constant attention to guest needs, cleaning, marketing, and maintenance.

That’s where vacation rental management companies step in. These services handle the hard work for you so you can enjoy the benefits of ownership without the hassle. Let’s explore the pros and cons of using property management companies and highlight six of the best in the industry, including RedAwning.

The Pros and Cons of Property Management Companies

Benefits:

• Time-Saving: They handle guest inquiries, maintenance, and bookings.
• Higher Occupancy Rates: Professional marketing and dynamic pricing optimize your listing’s visibility.
• Peace of Mind: Local representatives ensure issues are resolved quickly.

Drawbacks:

• Costs: Fees typically range from 10% to 30% of your rental income.
• Hidden Charges: Maintenance emergencies and extra services can add up.

Key Factors When Choosing a Management Company

1. Local Expertise: Proximity ensures faster response times and market insight.
2. Transparent Pricing: Look for upfront contracts with no surprise fees.
3. Guest Support: Responsiveness can make or break a guest’s experience.
4. Comprehensive Services: Cleaning, maintenance, and marketing should be included.

The 6 Best Vacation Rental Management Companies

1. RedAwning

RedAwning is one of the largest and most innovative vacation rental networks, known for its comprehensive, hassle-free property management solutions. With over 25,000 properties in its portfolio, RedAwning combines global marketing reach with personalized support.

Key Features:

• Global Distribution: Listings appear on 50+ platforms, including Airbnb, Vrbo, and Booking.com.
• Exclusive Damage Protection: RedAwning’s Damage Waiver covers up to $3,000 in accidental damages, included in the cleaning fee​​.
• Dynamic Pricing: Optimizes your property’s rates based on demand.
• 24/7 Support: Both guests and hosts receive round-the-clock assistance.

We're not the only ones that list us as the top vacation rental property management company. Learn more at Awning.com.

2. Vacasa

Vacasa manages over 35,000 properties worldwide, offering a tech-driven approach with dynamic pricing, professional photography, and marketing.

Strengths:

• 24/7 local teams for on-ground support.
• High-tech tools like 3D virtual tours.
• Nationwide presence.

Considerations:

• Higher commission rates (up to 30%).

3. Evolve

Evolve offers a budget-friendly option with a 10% management fee and no upfront costs. They focus on marketing your property while leaving day-to-day management up to you.

Highlights:

• Risk-free guarantee: No fees without bookings.
• Dynamic pricing and extensive marketing.
• No limit on personal use of your property.

4. AvantStay

Known for managing larger properties (3–10 bedrooms), AvantStay specializes in group travel and luxury experiences.

Perks:

• Dedicated account managers for hosts.
• Flexible contracts with included liability coverage.
• Vacation Club membership for travel credits.

5. SkyRun

SkyRun offers the perfect blend of technology and local expertise, operating through a network of independent property managers.

Advantages:

• No onboarding fees.
• Preventative maintenance programs with smart home technology.

6. Casago

This Arizona-based company focuses on regional markets, particularly in the Southwest and Mexico. It combines resort-style services with individual home management.

Features:

• The franchise model ensures local expertise.
• Includes tax filing and utility payments in its services.

Why Choose RedAwning for Your Vacation Rental?

RedAwning’s industry-leading solutions make it an excellent choice for property owners seeking maximum exposure and stress-free management. With tools like centralized communication portals, automated guest messaging, and premium marketing, RedAwning ensures your property stands out in a competitive market​​.

Ready to maximize your rental income?

Start your journey with RedAwning today and see the difference professional management can make.

Conclusion
Choosing the right vacation rental management company can transform your hosting experience, providing peace of mind and financial rewards. Whether you prioritize budget-friendly services like Evolve or comprehensive solutions like RedAwning, there’s a perfect fit for every property owner.