Discounts On Larger Portfolios
25+ years Experience
Utopia Management’s 25+ years of experience in property management services provide owners with effective and affordable management of their income-producing rental properties. At Utopia, we pride ourselves on creating an exceptional experience for both our property owners and their tenants. We deliver a comprehensive package of rental management services that can assist property owners to fill vacancies, increase revenues, and manage expenses.
From a single owner with one unit to a portfolio of dozens, our clients look to us to manage every aspect of their real estate investments. With specialized knowledge for homes, apartments, and commercial property, our licensed professionals are experts in leasing, marketing, accounting, and full-service day-to-day rental property management. Utopia’s use of advanced technology keeps the processes smooth and efficient, providing us with the ability to provide top quality service at an extremely competitive rate.
Individual owners, investors, and investment firms trust Utopia Management as industry experts in managing their rental property portfolios. Our property managers, local to the LA area, specialize in delivering the most efficient, innovative, and affordable solutions for our clients.
Our residential management services team handles a large portfolio of single-family homes and condos throughout Los Angeles and surrounding areas, with a range of sizes, locations, and values. Our low 8% management fee comes with no hidden setup or leasing fees, unlike some of our competitors. From marketing your rental to rent collection, and full financial reporting, we maintain and improve on the financial success of your rental, leaving you free of the stresses of real estate management.
Competitive 8% management fee for homes and condos
25+ years experience
Local Los Angeles real estate experts
Through the years, we’ve developed systems to provide efficient community management, minimize liabilities, and attract and retain quality tenants. Selecting the right tenants for your rental property can be a time-consuming and frustrating process, but it is one of the most crucial factors in ensuring the prosperity of your rental property investment. Our team of professionals has worked with communities of all sizes since 1994, giving Utopia Management the experience needed to successfully look after owners and investors, as well as their tenants. We have worked to develop streamline practices that can be tailored to the unique needs of each individual community.
We offer a full range of apartment management services including:
Online Payment Collection
Regular and Emergency Maintenance
Tenant Retention Practices
Strategies to Minimize Liability
Our commercial management team is experienced in finding the most effective solutions for the often-complicated nature of commercial property management. With an entrepreneurial mindset, our experienced agents are able to provide efficient and innovative solutions for the complex situations that arise in the day to day management of office, retail, mixed use, and industrial properties. They are focused on identifying and enforcing management practices leading to the financial success and stability of long-term real estate investment portfolios.
Utopia Management’s competitive fees are based on the exact needs of our clients and their property with the goal of complete satisfaction.
Complete administration, including contracts, inspection, eviction, and accounting.
Detailed financial reporting provided through your online portal.
REO management and disposition.
Tailored asset management strategies.
CAM & operating expense reconciliation
Utopia Management, as one of the dominant property management companies in LA, has developed a reputation with potential tenants. Just listing with Utopia will expose your property to our established resident referral base. Using the top-rated and most-trafficked sites for available rental properties, including utopiamanagement.com, along with traditional property signage, we are able to extend the reach of your property to a larger audience of highly qualified potential tenants.
Extensive web presence and increased exposure of property.
Greater number of qualified potential renters.
Showings available by appointment 7 days a week.
Consistently occupied properties at current market rates.
Few aspects of managing a rental property are as crucial as finding the right tenant. Placing only the best tenants for our clients protects our owners and investors from potential liabilities. Utopia Management clients benefit from consistently low eviction rates of less than one percent, higher tenant retention and on-time payments. Also available is our “Utopia Eviction Protection Program” to further limit liability.
Our screening process includes an outlook on each applicant’s rental history by verifying an exhaustive list of factors and documentation: identification, employment, income and pay stubs, rental verifications, and credit reporting (including prior eviction checks).
Property repairs and maintenance typically prove to be the most challenging aspect of owning property, whether a single condo or large apartment building. Utopia Management takes the stress out and often at a lower cost than owners will spend on their own. We’ve developed a network of preferred reliable and licensed vendors, meaning we have leveraged our relationship for lower rates and fast response times. We also employ an in-house team, under general contractor’s license (#792427), which gives us the option to evaluate the tasks and proceed with the most efficient and cost-effective solution to your property’s maintenance needs. With services available 24-hours for emergencies, as well as regular maintenance and rent-ready repairs, Utopia Management maintains many convenient and flexible options for any work your rental property may need.
Utopia Management offers full-service accounting for your managed properties, including all aspects from deposit and rent collection, bill and invoice payments on your behalf, and solutions for routine and emergency maintenance or repairs. Access to your detailed financial records, monthly statements, and yearly tax documentation is available 24-hours a day through a personal online portal. Our accounting department is also available by phone or email to answer any questions you may have regarding your property or statements.
Median Rent (2019)
The median home price in Los Angeles is just under $1 million.
Los Angeles’ vacancy rate is 3.3%.
Los Angeles, known as LA, is arguably the most well known city in California, home to Hollywood stars past and present. A sprawling metropolis, it encompasses diverse neighborhoods full of anything from funky enclaves to mansions in the hills. Famous beach communities abound, including Long Beach, Venice Beach, and Santa Monica. It is the second most populous city in the US, at nearly 4 million. A diverse population is made up of 48% Hispanic, 23% non-Hispanic white, 10% African American, and 11% Asian.
Real estate statistics from Mashvisor report a median property price of $916,724 in Los Angeles, with median long term rental income at $3,109, and an average cash return of 1.34%. They project the best neighborhoods for a real estate investment in Los Angeles includes Venice, Echo Park, and West Lake.
A report from rentcafe.com recently listed the 50 most expensive zip codes in the US, six of which are in Los Angeles County. The most expensive in LA is 90024, Westwood, where rental units average $4,944 a month.