Serving All of Reno
Located 50 minutes East of Lake Tahoe, Reno, is affectionately known as “The Biggest Little City in The World”. Why is this? Because it is the second most popular city in the entire state as it has so much to offer those who are looking to live here. Not only does it have numerous casinos, restaurants and bars, but it also has some of the best weather that can be found on the West Coast. Offering many outdoor activites, and boasts the highest number of 5 Star ski resorts all within 1 hour of each other. For those who already live here, they will find that there are ample opportunities to get into the rental market as people are always looking to move here but may not be ready to buy a home just yet.
Are You Ready?
Are you ready to dive into the rental property market? You will find that in the Reno area, many apartments or duplexes can be found. However, that does not mean that a single home is out of the question when it comes to rental properties. The question that homeowners and individuals need to ask themselves, are they ready to be a landlord? There is a lot of time and devotion that goes into being a good landlord, and this is something that not everyone has the time to do…that is where we can help.
We are a property management firm that knows the Reno area. We know what it takes to be a great landlord. We step in and fill this position with ease. We handle the advertising of your rental onto the Reno market, getting applications for those who are interested, finding the best qualified tenant for your needs, and then the actual landlord process of collecting rent, ensuring everything is up to date and the like is all handled by us.
Those who choose to let someone else handle this process will find that this makes their life easier. They are not on call 24/7 for the rental property as someone else is handling the hard work!
We know how to market your property.
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
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
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
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
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 Reno, NV?
Reno is a city in the northwestern region of Nevada. It sits along the Nevada-California border just 22 miles north of Lake Tahoe.
What is Reno known for?
Reno, Nevada is known for its casino and tourism industry, and is nicknamed "The Biggest Little City in the World." The city is named after Jesse L. Reno, a solider killed at the Battle of South Mountain during the American Civil War.
What is the median home price in Reno?
The average home price in Reno is about $565,000, which is a 1.5% decrease from the previous year, as the Reno housing market is cooling down.
Percentage of Renters
Median Rent (2019)
Reno sits at just over 4,400 feet, providing its residents and visitors with warm summers and cold winters. Due to where it sits geographically, there is around 300 days of sunlight per year, providing the people with ample time to enjoy themselves in the outdoors, enjoying activities like hiking and backpacking in the neighboring mountains. Before Reno became known for its casinos, night life, and activities under the sun, it was an old mining town in the early 1800s. Pioneers would travel here in hopes of finding business near the Truckee river, with wishes to make a fortune on the gold and silver boom. As time went on and the boom of precious metals ended, Reno transitioned to a new economy based on business and agriculture. It was in 1931 that gambling became legal in Nevada, and the city of Reno quickly became a hub for anyone looking to test their luck and win big.
Reno attracts most of its tourism from its gambling industry and thriving nightlife. There are many large-scale hotel casinos in the area, allowing guests to enjoy hours on end of Las Vegas style gaming. If that is not appealing to you or your family, then there is much more to do beyond these activities. Every year they host the Great Reno Balloon Race, which is the largest hot air ballooning evet in the country and is completely free to anyone who shows up. When looking to kick up the excitement, the Reno Air Races is a weekend long spectacle where the world’s fastest motorsport takes place, providing guests with multi-lap races, and exhilarating air demonstrations. When looking for something a bit quieter, the Riverwalk district is the perfect idea for a family getaway, where you can swim, picnic, or even go rafting. The cost of living in Reno is $370,000 which is only 7% higher than the national average. The homeownership rate is at 58.2%, implying that 41.2% of all residents are renting their property.
The average rent of a one-bedroom apartment is $1,268
The average rent of a two-bedroom apartment is $1,440
The median price for a home is $403,318