RedAwning acquires STR property management startup Awning - PhocusWire

over 1 year agoScore: 75
Hosting Operations
Team Management
Automation
Property Managers
OTA Strategy
Multiple Properties

Summary

RedAwning, a property management platform, has acquired Awning, an STR property management startup. This acquisition may indicate shifts in the property management technology landscape, potentially impacting how hosts manage their listings and operations.

Key Insights

  • RedAwning acquired Awning, a property management startup.

Action Items

  • Hosts should consider researching and comparing different property management platforms to understand how they may streamline their operations.
    Effort: low
    Impact: medium

Tools & Resources

  • RedAwning: The article mentions RedAwning and Awning.
  • Awning: The article mentions Awning.

Related News

User Profile: Mountainside Treasures

This article shares the experiences of an STR host who has grown their business from a single condo to nearly 30 properties, highlighting the importance of guest service and the use of OwnerRez. The host emphasizes that delivering a good guest experience is a key factor for success, and struggles with the power of OTAs and challenging guests. Consider OwnerRez as a key tool for managing your properties.

5 days ago78

Owner Statements 2.0: Faster, Clearer and Built for Growing Portfolios

Lodgify has released Owner Statements 2.0, promising faster and clearer reporting for property managers. This update aims to cut down manual work and improve the quality of reports shared with owners.

6 days ago75

Financial firms face rising cyber risks, data challenges

This article discusses rising cyber risks and data challenges in the financial services industry, including fraud prevention using AI. While not directly about STRs, it highlights the importance of data quality, which directly impacts the effective use of AI for risk management and decision-making for STRs.

7 days ago65
Booking.com Refunds Policy: Process and Ts & Cs Explained

Booking.com Refunds Policy: Process and Ts & Cs Explained

This article from iGMS explains Booking.com's refund policies and cancellation options for hosts. It highlights the importance of choosing a cancellation policy that balances flexibility to attract bookings with financial considerations, and encourages hosts to experiment with different policies and rates to find the ideal balance.

7 days ago78