Monroe Property Management

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What is one investment that is going to help you in the long run? Investing into real estate that you can rent. While many people think that they can buy a home and then flip this to make money, they are going to find that renting this to the market often gives them more income in the long run. And let’s face it, if you have property in the Monroe area, you are going to find that many people are looking to rent in this area, so this should not be an issue for you.

 

What may be an issue for those who own rental property is that they have to act as the landlord for the property that they have own. But, what if there was an easier way to get your home rented without having to invest so much time and stress? There is! The answer to these issues is to work with us. We are a full service property management firm that acts as the landlord for you and we do everything that you would normally have to do on your own, with the added bonus of having years of experience in handling rentals to give you more peace of mind.

 

When we start with a Monroe rental home, we make sure that the home is ready to be put onto the rental market, making suggestions on what may need to change to make this look even better. We then advertise this to the market to ensure that we reach the widest number of applicants possible. From there, we find the best tenant for your home to ensure they are going to pay on time and take care of the home. With our services, you can step back and simply enjoy having rental income coming into your account.

Property Management Office Serving Monroe, WA

  • Property Management Company
  • Rental Management
  • Property Investment Company
  • Property Maintenance
  • Real Estate Consultants
  • Apartment Rental Agency
  • Commercial Real Estate Agency
  • Industrial Real Estate Agency
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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

Where is Monroe situated?

Situated in Snohomish County, Washington, Monroe is a charming city positioned at the convergence of the Skykomish, Snohomish, and Snoqualmie rivers. Nestled near the foothills of the Cascade Mountains, Monroe is approximately 30 miles (48 km) northeast of the bustling city of Seattle.

What is the population of Monroe?

Monroe is currently growing at a rate of 0.5% annually. With a 2023 population of 20,410, it is the 57th largest city in Washington and the 1845th largest city in the United States. The city's population has increased by 1.5% since the most recent census done by the World Population Review, which recorded a population of 20,109 in 2020. Monroe spans over 6 miles, with a population density of 3,349 people per square mile. The median age in Monroe is 33.9 years, with males averaging 34.9 years and females averaging 31.9 years.

What is the weather like in Monroe?

Monroe has mild, wet winters and warm, dry summers. During the winter months, temperatures typically range from the mid-30s to low 50s Fahrenheit (1 to 10 degrees Celsius), accompanied by frequent rainfall. Snowfall is possible but usually light. In summer, Monroe experiences pleasant weather with temperatures ranging from the mid-60s to low 80s Fahrenheit (18 to 27 degrees Celsius). Rainfall decreases during this season, creating ideal conditions for outdoor activities. Monroe's climate showcases the distinct beauty of each season, offering a pleasant environment throughout the year.

How is the cost of living in Monroe?

Monroe has a cost of living that is slightly higher than the national average. Housing expenses, including both home prices and rental rates, contribute significantly to the overall cost. Additionally, transportation, utilities, and groceries are slightly higher compared to the national median. Despite the slightly higher expenses, Monroe offers various amenities and a good standard of living, making it an appealing place to reside.

Is real estate a good investment in Monroe?

Considering the factors of Monroe's growing population, its proximity to larger urban areas like Seattle, and the demand for housing, investing in real estate in Monroe is quite an advantageous choice. Monroe's slightly higher-than-average cost of living and the presence of amenities and attractions make it an appealing location for potential renters or buyers. Furthermore, the stability of the real estate market in Monroe and the potential for property value appreciation over time make real estate investment in the city a potentially profitable long-term strategy.

Elly Johnson stands at the forefront of content research and online branding at Utopia Management. As the Content Marketing Manager, she delves deep into understanding local real estate and rental markets, fueled by her passion for travel and keen research skills. Elly is dedicated to empowering individuals with the knowledge they need to make informed decisions about where to reside. A proud alumna of the University of South Florida, located in the vibrant heart of Tampa Bay, she holds a Bachelor of Arts in Psychology. Her academic background and extensive travel experiences uniquely position her to provide insights that resonate with diverse audiences.

Utopia Management is proud to be a leading property management company in Everett, WA. With 25 years in business, and offices throughout the Puget Sound region, Washington, California, Oregon, and Nevada, Utopia provides the experience and real estate know-how to make your rental property a profitable and stress free investment. Our local Everett staff understand the nuance of the Seattle real estate market and the neighborhoods. We’re large enough to get the job done, but small enough to really understand rental property in Everett and Seattle. Our tenants love the professionalism and organization our managers offer. Our owners appreciate our attention to detail and the way we handle everything from start to finish.

 

Everett is a city in Washington State located in Snohomish County in Washington state. Located 15 miles north of Seattle, it’s one of the larger cities in this region. A waterfront city, it border Port Gardner Bay. It enjoys a typical PNW climate with dry summers and rainy winters.

 

It’s named after Everett Colby, one of the early settlers in the 1890s. The area was originally occupied by the Snohomish people who called it Hitlub.

 

Some neighborhoods include Bayside, Boulevard Bluffs, Port Gardner, and South Forest Park.

 

Average rent is $1250 for a 1 bedroom, and $1440 for a 2 bedroom, with ranges from $700 to $2300 typically. 56% of properties are on the rental market.

 

Boeing and the US Navy are the 2 largest employers in the city, giving the commercial and industrial industry an anchor.

 

The first jumbo jet, the 747 by Boeing, was assembled in the Everett plant.

 

Population is around 111,000, and Everett is the county seat of Snohomish County.

 

Popular activites are the Imagine Children’s Museum, fishing charters, the city Farmer’s Market, the Evergreen Arboretum

 

 

Everett Building Permits and Code Enforcement

https://everettwa.gov/169/Permit-Services

 

New Resident Resources:

https://everettwa.gov/2036/New-Resident

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