Serving All of Wood Village
Transparency matters when you partner with a real estate management company.
When you consider a partner to manage your rental property, you want to work with a company that provides superior tenant services to give you more time to address other business manners. This includes working with a company that gives you instant and convenient access to all matters of finance and accounting. Utopia Management is recognized as a leading property management company because we give our clients real-time access to every financial and accounting document. You have total access to important monthly financial statements, as well as to tenant payment histories. Our proprietary digital financial management system includes every outstanding invoice and every tax bill that we have paid since you hired us to manage your property.
Technology also plays a role in generating a steady stream of rental income for your investment. Most of our tenants enroll in an automatic rent payment system that takes money out of bank accounts at the same time every month. This means a lot less time is spent tracking down payments and fewer tenants that are delinquent in paying rent.
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 Wood Village located?
Wood Village, Oregon is a vibrant city nestled in Multnomah County, USA. It is positioned east of Portland within the greater Portland metropolitan area. With its prime location near Interstate 84, residents enjoy convenient connections to nearby communities and the broader region. Despite its compact size, Wood Village covers approximately 0.8 square miles (2.1 square kilometers), creating a close-knit community that thrives within its boundaries.
What is the population of Wood Village?
Wood Village is currently growing at a rate of 10.68% annually, with a population of 5,928 as of 2023. Wood Village spans over an area of 1 square mile, resulting in a population density of 6,291 people per square mile. The city's population has increased by 35.59% since the most recent census in 2020, which recorded a population of 4,372. In terms of rankings, Wood Village is the 73rd largest city in Oregon and the 4371st largest city in the United States. The median age in Wood Village is 30 years, with males averaging 29.6 years and females averaging 30.9 years.
What are the transportation options in Wood Village?
In Wood Village, there are various transportation options to cater to the needs of residents and visitors. With its proximity to Interstate 84, the city enjoys easy connectivity to different parts of the Portland metropolitan area and beyond. TriMet, the regional transit agency, operates bus routes that connect Wood Village to neighboring communities and downtown Portland. For those who prefer to drive, the city has well-maintained roads and ample parking facilities. Additionally, Wood Village promotes biking as an alternative mode of transportation, offering bike lanes and paths for cyclists.
What are schools like in Wood Village?
The schools in Wood Village are part of the Reynolds School District, offering a range of educational opportunities for students. The district consists of elementary, middle, and high schools, providing a comprehensive education from kindergarten to twelfth grade. With a commitment to academic excellence and student support, the schools in Wood Village aim to create a nurturing and engaging learning environment. The district also offers various programs and extracurricular activities to foster the personal and intellectual growth of students.
Is real estate a good investment in Wood Village?
Investing in real estate in Wood Village presents favorable opportunities due to the city's growing population and its proximity to the Portland metropolitan area. The increasing demand for housing, coupled with relatively affordable prices compared to neighboring cities, makes Wood Village an attractive option for real estate investors. Furthermore, the stable real estate market in the region and the potential for property value appreciation over time further enhance its appeal as a viable long-term investment strategy.
Gresham, OR is considered a suburb of Portland, though it was officially incorporated in 1905. It’s in Multnomah County, just 12 miles east of Portland proper and about 70 miles from the Oregon Coast. With a large inventory of rental property, about 50% of properties rented, Gresham is a great place to find an apartment or home to rent.
It’s a relatively flat area geographically. Johnson Creek runs through Gresham, and only the eastern portion is somewhat hilly. Residents experience typical Pacific Northwest climate, with a short sunny summer and frequent rain and clouds the rest of the year.
A growing city with a population of 105,594, it is Oregon’s 4th largest city. Population here is growing fast, skyrocketing in the 90s. Its city limits include just 23 square miles. The only large employer in city limits is the Adventist Medical Center; other than that, employment is found locally mainly at shops and restaurants.
Rental Property and Real Estate Data:
Median price for homes is $313,000. Average apartment price is $195,000.
Average market rent is $1295 for a 1 bedroom and $1389 for a 2 bedroom.
About 50% of homes are owner occupied and 50% are rental property.
Living in Gresham
Gresham has a young and vibrant community with the median age of residents 37.7 years. Politically, it is not as trendy or progressive as the city limits of Portland. The racial breakdown is 63% white, 4% black, 5% Asian, and 21% Hispanic. Plenty of fun and family oriented activities are offered by the city including arts events, festivals, races, live music, and bike paths. The Gresham Farmers Market is also popular.
3 Popular Parks in Gresham
Main City Park, which also has a skatepark, playgrounds, youth recreation, picnicking, a creek, and baseball diamonds, is the most popular park with loads of activities. Hogan Butte Nature Park offers mountain views, trails, and 46 acres of nature. One of the most coveted points of pride parkwise though is the beautiful Gresham Japanese Garden, which is sometimes referred to as Tsuru Island.