Serving All of Corona del Mar
Colloquially referred to as “CdM,” Corona del Mar (zip code 92625) is actually a neighborhood within the city of Newport Beach, California. But don’t tell that to any of its 13,000 plus residents. Known for its village shops, brilliant beaches and cliff side views, Corona del Mar has its own brand of culture and charm.
To find the perfect tenant for your Corona del Mar property, you’ll need to advertise effectively. At Utopia Management, we’re committed not just to finding a tenant, but to finding the optimal tenant for your property, one who will pass all required background checks and will reliably pay their rent in full every month. To accomplish this, we’ll deploy a series of advertisements, both on online listing sites and via word-of-mouth. Our local agents in the Newport Beach area will do everything in their power to ensure that your perfect tenant(s) is found within thirty days of retaining our services.
Our screening process for tenants is quite thorough. We use the best available identification verification technology to eliminate any risk of fraud. We also rely on background checks and credit inquiries. If any of your prospective tenants demonstrate a history of failing to pay their rent on time or of previous evictions, then we’ll be the first to know. Prior to move-in, we thoroughly photograph the property in order to preserve a record of its pre-move in condition. We also collect a security deposit that is appropriate for the type of property being rented.
Utopia Management has 20 years of experience managing properties in Corona del Mar and the surrounding areas. We endorse a personalized management strategy designed to ensure that you get the most value out of your property portfolio. Our familiarity with market trends in CdM and the surrounding areas allows us to provide sound advice when it comes to setting your rent levels. We’re also able to help you transition your home into a rental property.
We’ve found that handling our maintenance concerns in-house leads to faster service times and lower costs. Therefore, we’ve acquired a general contractor’s license and a talented team of in-house maintenance professionals to service our properties.
For financial reporting, you won’t find a better accounting partner than Utopia Management. Our team of expert accounting professionals work endlessly to ensure that our clients have up to date numbers reflecting the financial performance of their investment properties. From preparing balance sheets to expense and revenue reports, to servicing the monthly bills of the client, we never stop working for you. The latest financial reports for your property can be found on your personal, secure online portal. You can access your portal at any time and the latest financial data can be viewed on your computer or mobile device with ease.
Our property management company is committed to minimizing hassles for our clientele, managing tenant issues to monthly bills. Let us take care of all of the work, while you enjoy the fruits of your investment property. We have a 20 year track record of being an excellent property management company. Our excellence in service has been rewarded with growth, as we are now the largest operating property management company in Southern California.
ATTRACT TENANTS WITH PROPERTY MARKETING
Finding excellent tenants starts with making sure your property is visible and attractive. We install professional signage, create quality listings, describing your property thoroughly, and take beautiful photographs that showcase your properties highlights. We then list your property on all of the highly trafficked rental websites, including utopiamanagement.com. Our dominant position in the marketing place and years managing rental properties has allowed us to develop a sizable referral database. This positive reputation for being fair and responsive means many potential renters check with us first to find their rental home. We are able to consistently rent properties priced at current rates to qualified tenants. Our responsive property managers complete the marketing optimization by being available and knowledgeable, with phones and emails always answered swiftly.
- Advertising on most popular rental websites
- Quality listings including photos and video
- Showings 7 days a week by appointment
- Utopia referral base increases visibility beyond competition
Apartment Management Services
Owning an apartment complex brings a unique set of challenges. Utopia has spent years developing skills and systems to make your investment as profitable as possible. We manage apartment communities of all sizes, providing quality management services to suit the diverse needs of each apartment community. We provide comprehensive rental management, including scheduled property maintenance and rent-ready repairs, online rent collection, marketing and attracting quality tenants, lease execution, rent setting, and tenant retention programs. Our responsive managers help tenants feel welcomed and appreciated. Our experience leads to decreased vacancy rates and increased ROI. And our expertise and professionalism translates to profitable and headache-free investments for our clients. For an affordable quote and to discuss your needs, contact Utopia today.
- Online rent collection and direct deposit
- Extensive experience across a wide spectrum of multi-family properties
- High visibility marketing and promotion of your property
- Tenant retention strategies
- Responsive communication with calls and emails answered swiftly
- 24-7 emergency response
- Full monthly accounting and financial tracking via online portal
Commercial Property Management
When it comes to commercial property investments, Utopia’s property managers are professional and think like entrepreneurs. Investors have trusted Utopia for years for all types of commercial property: medical buildings, industrial and office complexes, mixed use, and retail storefronts. We offer extremely competitive management fees, customized to the size and complexity of your property and portfolio.
- Comprehensive Management Services: building maintenance, marketing to target audience, lease administration, inspections, evictions and collections
- Monthly Financial Accounting Statements
- Tenant Retention Programs
- Vendor Management
- Contract Administration
- REO Management and Disposition
- CAM & Operating Expense Reconciliation
- Customized Asset Management Strategies
HOMES & CONDOS: RESIDENTIAL RENTAL MANAGEMENT
Utopia represents a large network of single family homes of all sizes and values. Our residential professional management services both attract and keep tenants happy while keeping owners expenses and vacancy rates down. Our goal is to free you from the day-to-day management tasks, from showing properties to collecting rent in our online portal, while maximizing your ROI.
With 25 years experience, you can rest assured your property is in good hands. Our years in the industry mean we’ve seen it all, and developed smart systems to screen tenants, manage expenses, communicate with tenants, and maintain properties efficiently. We understand local law and legal aspects of rental management so we shield our owners from unnecessary liabilities.
For residential properties, we offer a competitive management fee, which is one of the lowest in the industry. Unlike some competitors, we do not add on hidden charges or leasing or set-up fees.
THOROUGH TENANT SCREENING AND LESS THAN 1% EVICTION RATE
Placing the right tenant is the single most important step in rental management. Our applicant screening includes income, rental history, employment, and eviction search to evaluate for potential delinquency issues. We verify identification, social security cards and pay stubs, along with contacting prior landlords for recommendations, keeping the delinquency rate to a minimum. Our thorough screening process for potential tenants has consistently kept our eviction rate at less than one percent.
Utopia also provides our owners with the optional “Utopia® Eviction Protection Program” for further peace of mind. As a management company, we have many procedures in place to assist in the elimination of potential liabilities.
- Exceptional property protection options for owners.
- Preparation, delivery, and execution of legal documentation for evictions.
- Optional “Utopia Eviction Protection Program” for additional peace of mind.
Quality Maintenance & Repairs
Maintaining your rental property, as well as being available to deal with emergency repairs, can be a source of frustration for landlords. At Utopia, we have a staff of in-house technicians available for most work, under general contractors license (#792427), meaning we can complete work as quickly as possible and pass the savings on to our clients. When necessary, we also have a network of trusted vendors for specialized work, some of which we have been using for over fifteen years. This relationship translates to purchasing power to help Utopia’s clients get a better than market price.
- Maintenance & Rent Ready Repairs
- Technicians on Staff or Preferred Vendors
- 24 Hour Emergency Maintenance
- Move-in and Move-out Inspections
- Licensed and Insured Vendors
All Financials Tracked & Reported
Managing both expenses and income is all handled by our accounting department with use of your owner web portal. Tenants appreciate the ability to pay rent online, which also decreases delinquency. All expenses and receipts are tracked online and available to you at any time. A monthly statement includes all financial activity and copies of the bills we paid on your behalf. Your December statement has all of your annual figures for tax purposes. If you ever have questions regarding your statement, you can contact one of our helpful accounting staff members.
- Custom Web Portal
- Accounting staff make financial management easy
- Rent and security deposit collection online
- Bills and year end figures available any time
Frequently Asked Questions
What is Corona del Mar known for?
The picturesque neighborhood of Corona del Mar includes Irvine Terrace to the north of Avocado Avenue and the seaward edge of the San Joaquin Hills from Avocado Avenue to the municipal limits. Corona del Mar is renowned as a seaside paradise because of its gorgeous beaches, tide pools, cliffside views, and quaint village stores. Known for its stunning vistas that may be reached by routes snaking down a steep slope, the region is home to well-liked locations including Corona del Mar State Beach and easily accessible Crystal Cove State Park. In the Newport Beach City Council, Corona del Mar is also represented.
What are some noteworthy spots in Corona del Mar?
Visitors can explore a wide range of noteworthy locations and landmarks in Corona del Mar. The biggest of the two state beaches, Big Corona Beach, stretches half a mile down the coast. Renowned for its botanical marvels, the Sherman Library and Gardens features an extensive variety of plants, flowers, and a quaint green house. The posh retail destination Fashion Island, the picturesque China Cove, the Goldenrod Footbridge, the majestic Crystal Cove State Park, and the welcoming Corona del Mar State Beach are some of the other attractions.
What is the average climate in Corona del Mar?
With average temperatures of about 19°C, June and July offer the best weather for travelers to Corona del Mar (92625). The area has a pleasant climate all year round, according to the annual weather averages. The average daily temperature in December is approximately 18°C, with nighttime lows of 11°C. Usually, the month receives 70.88 mm of rain, which is distributed over four days, and 60% humidity. Visitors can enjoy a comfortable and temperate environment thanks to these weather patterns.
How is the cost of living in Corona del Mar?
The Council for Community and Economic Research (C2ER) estimates that Corona Del Mar's cost of living is 150.3% higher than the national average, making it one of the most expensive cities in the country. Housing, food, utilities, transportation, medical care, and other ancillary goods and services are some of the aspects that affect the overall monthly expenditure in the area.
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