Discounts On Larger Portfolios
25+ years Experience
Utopia Management is a market leader in rental property management, handling the promotion, leasing, management, and full-service accounting for gainful rental real estate. Our knowledgeable staff and use of the latest technology and strategies make our rental management services the most rewarding and affordable solution for portfolios of any size. You’ll work directly with a licensed property manager local to the Riverside area who is familiar with market trends, values, and neighborhoods. For over 25 years, we’ve been trusted by investors and owners to manage the supervision, leasing, and maintenance of their rental properties while maximizing ROI. Choose a property management company with the experience, practice, and technology needed to help your rental investment thrive.
For residential property management, we represent a variety of single-family homes and condos of all sizes and values. Our residential rate is offered at a comprehensive 8%, which is one of the lowest in the area. Our rate includes our full suite of rental property management services, from marketing and tenant screening, to maintenance and rent collection. Unlike some competitors, we have no hidden leasing or set-up fees. At Utopia Management, we strive to provide headache-free, full-service rental management, handling every detail for you, eliminating any of the headaches of property ownership.
For over 25 years, Utopia Management has provided the experience and professionalism needed to maintain and grow our clients’ real estate portfolios. Multi-unit buildings, from small apartment fourplex to a 200 unit apartment community, our methods for quality real estate management can be customized to the specific needs of your properties and tenants. Our proven methods for successful tenant screening and placement, maintenance options for any needs, rent-ready repairs, online deposit and rent collection with detailed reporting, and tenant retention programs help shield owners and investors from unwanted liability while keeping tenants happy.
Utopia Management’s team of commercial property managers is practiced in approaching issues with an entrepreneurial mindset, using innovative solutions to protect our clients and increase tenant retention and success. Commercial properties from medical, office, retail, and industrial complexes require a unique experience to avoid the pitfalls of naïve investing and portfolio development. We provide long term asset management strategies as well as comprehensive day to day services including building maintenance, CAM reconciliation, lease administration, inspections, evictions, and collections. Our fees are based on the individual needs and size of your rental, allowing us to customize our methods at an extremely competitive rate.
Monthly Financial Accounting Statements
Vendor Management & Contract Administration
CAM & Operating Expense Reconciliation
Customized Asset Management Strategies
REO Management and Disposition
Marketing and showing a property takes time, sales savvy, and professionalism. Starting with accurate listings and attractive photographs, we highlight your property’s strengths. High visibility is our marketing focus. By advertising your property on the most trafficked rental sites, including utopiamanagement.com, placing signage at the property, and through use of the Utopia referral base, we create a far-reaching presence for your property. Known locally as the market leader, many renters look to Utopia Management when ready to begin their rental search, further increasing your visibility. Our friendly staff is eager to show your property, responsive with phone calls, and available by appointment for showings 7 days a week. Increased visibility with connection to the leading management company is how we are able to reliably fill vacancies with qualified tenants at the most advantageous rental rate.
At Utopia Management, we fully understand that placement of the right tenant can be the single most important factor in the profitability of your rental investment. In order to reduce potential liabilities and keep rentals occupied with a low delinquency rate, we employ many procedures for obtaining a thorough outlook of each applicant’s qualifications and rental history. We verify identity documentation and pay stubs, employment, obtain industry specific credit reporting that includes previous eviction search, and reach out to former landlords for renter references. Our thorough process for screening potential renters has led to our consistently low eviction rate of less than 1%.
Optional “Utopia Eviction Program” for added security
Exceptional property protection options for owners.
At Utopia Management, we have the tools for prompt and thorough maintenance and repair needs of any kind. Our history and reach across California has given us the opportunity to work with many local contractors, some of whom we have worked with for over 15 years. Our developed list of reliable vendors also provide the best rates, often at lower than market price. For issues that are complicated or difficult to outsource, our in-house technicians (through our general contractor’s license, #792427) are available to help. From rent-ready repairs and regular maintenance to 24-hour emergency calls and inspections, we are prepared to handle it all.
Maintenance & Rent Ready Repairs
24 Hour Emergency Maintenance
Move-in and Move-out Inspections
Licensed and Insured Vendors
Monthly statements outlining all activity are available through your secure online portal along with copies of bills and invoices paid on your behalf. At the end of each year, annual figures are provided to assist in smooth and accurate tax filing. Our knowledgeable accounting department is available by phone and happy to assist with any questions regarding the financial transactions for your properties.
Confidential and comprehensive financial reporting for all aspects of your rental.
Rent collection, including online payment options, and direct-deposit of proceeds.
Median Rent (2475)
The vacancy rate in Riverside is approximately 3.7%.
Median home value in Riverside is $414,000.
Located approximately 55 miles east of downtown Los Angeles, Riverside is the most populous city in both Riverside County and the Inland Empire metro area, and 12th largest in California.
Riverside is made up of 28 neighborhoods, the most expensive is University (average rental rate of $1,732), Sycamore Canyon – Canyon Springs (average rental $1,744) and Orangecrest (average $1,872).
The navel orange was introduced to North America (from Brazil) by the first settlers to riverside in 1873. Riverside is home to the only surviving Parent Naval Orange Tree, from which all American West Coast navel orange trees are descended.
Riverside has not been immune to the growing housing shortage throughout California, and fewer options for affordable homes translate to a higher percentage of rental properties needed. Many renters are also postponing plans to purchase homes until the market shifts more in their favor.
During the first half of 2019, residential rental rates in Riverside increased approximately 5.16%. Home values increased approximately 2.8% over the same period, and reports from Zillow predict they will rise 2.3% over the next year.