Awning
Work with our expert team to furnish or manage your next investment property.
Top Features
Comprehensive Real Estate Investment Services
Awning offers a full-service solution for investing in both long-term and short-term rental properties. The platform assists investors from property acquisition to management, including furnishing, listing, marketing, and guest management. This end-to-end service is designed to maximize passive income with minimal hassle for investors, ensuring a seamless experience from start to finish.
Nationwide Coverage and Diverse Property Management
With a presence across the entire United States, Awning manages various property types in major cities and remote locations. Their nationwide coverage allows investors to diversify their portfolios geographically, tapping into different market dynamics and opportunities without the complexity of dealing with multiple vendors.
Low Management Fees and Flexible Terms
Awning charges a competitive fee of 15% of monthly revenue for its comprehensive property management services. Investors can opt for flexible management terms, including discounted annual contracts. This cost-effective approach makes high-quality property management accessible and affordable, enhancing overall investment returns.
High Customer Satisfaction and Proven Results
Awning boasts positive customer reviews with an average rating of 4.8/5 stars, highlighting well-maintained properties, excellent locations, and responsive customer support. Their proven track record in boosting rental income and maintaining high occupancy rates demonstrates the effectiveness of their management strategies.
Expert Design and Furnishing Services
Awning offers additional services for interior design and furnishing, managed by experienced professionals, including a former Head of Design at Airbnb. These services ensure that properties are not only functional but also appealing to potential renters, enhancing marketability and rental income potential.
Pricing
Pros & Cons
Pros
Awning's real estate investment platform provides a comprehensive service for those looking to invest in single-family rental properties. It leverages advanced data analytics and machine learning to identify the best investment opportunities nationwide, offering estimates on rental income and long-term ROI. This technology-driven approach, combined with dedicated full-time advisors, ensures that investors receive personalized assistance throughout the investment process, from strategy formulation to property management.
Awning offers a low management fee of 15% of monthly revenue, which is among the lowest in the industry. This fee covers a full suite of management services, including property readiness, listing, marketing, dynamic pricing, guest management, cleaning, restocking, and maintenance. Additionally, Awning helps investors with financing and connects them with vetted property managers.
The platform's nationwide coverage and ability to handle various property types across major cities and remote locations make it highly flexible and accessible for a wide range of investors. This broad reach, coupled with its focus on maximizing passive income, makes Awning an attractive option for both novice and experienced investors.
Cons
Being relatively new, established in 2020, Awning is still building its reputation and track record in the real estate investment industry. This might be a concern for investors looking for a more established service provider.
The additional costs for interior design and furnishing are separate from the management fee, potentially increasing the overall investment cost. Investors need to consider these extra expenses when calculating their expected returns.
Awning's service, while comprehensive, may still require investors to familiarize themselves with the platform's tools and data analytics features. This learning curve might be a barrier for those who are not tech-savvy or prefer a more hands-off investment approach.
Overview
Awning provides expert assistance in furnishing and managing investment properties, offering seamless solutions for property investors. Though specific features and detailed feedback are currently unavailable, Awning's core promise of professional property management ensures investors receive top-notch support in optimizing their real estate investments.
