Watch out Airbnb: Vacasa just raised $104M

Site claims to close the biggest funding round for the vacation rental industry to date

Eight years ago, Eric Breon and his wife inherited a little 480-square-foot cabin on the Washington coast. Nearby homeowners told them that they could expect to earn around $3,400 a year by renting out the property to vacationers looking to get a taste of the Pacific Northwest cottage life.