It can varies a lot from VPS hosts to hosts. This can be a little confusing because unfortunately many hosting providers differ in their definition of “managed hosting”, and some providers have “semi-managed hosting”. So if you’ve determined that you need a managed VPS (which is positively the way to go if you are not comfortable with running a Linux server), you must contact your potential VPS service providers for the details or look at the specific tasks that your managed provider will and will not perform.
To break things down a bit, cloud VPS (Virtual Private Server) hosting is when a web hosting provider takes one massive server and partitions it up so that it can have several servers on it, each of which can run its own operating system and can be re-booted independently.  Sounds simple enough.  So what is the difference between managed VPS and unmanaged VPS?

With our dedicated servers, you rent an entire server. This is optimal for people that have very high traffic to their websites or need to setup their server in a very specific way. Not everyone needs to have a fully dedicated web server however. If you're just getting started with your website, you can save quite a bit of money if you rent a small portion of the server. Shared hosting is when you share a portion of the server with other users rather than rent an entire server to yourself.
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In unmanaged VPS hosting, the user enjoys full freedom to control the web server. The user gets access to the remote web server and they get the administrative power of the server. Unmanaged VPS hosting thus give you complete administrative functions of the web server and the user gets the freedom to select the administrator who can control the server technically.
Unmetered hosting is generally offered with no limit on the amount of data-transferred on a fixed bandwidth line. Usually, unmetered hosting is offered with 10 Mbit/s, 100 Mbit/s or 1000 Mbit/s (with some as high as 10Gbit/s). This means that the customer is theoretically able to use ~3 TB on 10 Mbit/s or up to ~300 TB on a 1000 Mbit/s line per month, although in practice the values will be significantly less. In a virtual private server, this will be shared bandwidth and a fair usage policy should be involved. Unlimited hosting is also commonly marketed but generally limited by acceptable usage policies and terms of service. Offers of unlimited disk space and bandwidth are always false due to cost, carrier capacities and technological boundaries.[3]
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