Discounts On Larger Portfolios
25+ years Experience
Utopia Management offers a full suite of property management services. We have over 25 years of experience in leasing, marketing, and managing all aspects of a wide range of rental investments. Our licensed, local property managers are experts in the Sacramento rental market. As one of the largest property management companies in California, we are accustomed to portfolios of all sizes, from one unit to hundreds. Whether for an individual owner or a large investment firm, Utopia’s wealth of experience and use of the latest technology makes our rental management services efficient and affordable. All tasks are handled worry-free, including maintenance and emergency requests, rent collection, marketing and screening, and in-depth reporting from our accounting department. Property owners across California and the West Coast trust Utopia Management to take the stress out of maintaining a profitable rental property.
Utopia Management’s broad portfolio of residential properties in Sacramento includes single-family homes and condominiums of all sizes and price ranges. We’ll handle every possible aspect of managing a rental property, including marketing, property maintenance, tenant screening, and rent collection. We aim to alleviate our clients of the day-to-day tasks of maintaining and growing their investment.
Our residential property management services are offered a highly competitive 8% fee, with no surprise leasing or set-up costs. Further, our clients benefit from Utopia’s reputation with renters throughout Sacramento, attracting potential tenants through our own website and network.
Maintenance and Rent Ready Repairs
Rent Collection including Online Payments
25 Years Experience
Marketing and Tenant Screening
Property managers are local to Sacramento
Multi unit complexes, whether 4 units or over 100, have different needs and skills and require an experienced apartment manager. Managing a building of tenants and their needs demands organization and technology, excellent communication, tenant retention activities, responsive agents, 24-7 emergency availability, and in depth legal expertise in California real estate law. Utopia Management clients enjoy the professionalism of our services, making their portfolios a profitable investment shielded from unnecessary or unexpected liabilities. Through the use of extensive screening practices; convenient online rent collection; tenant retention programs; and prompt emergency, regular, and rent-ready maintenance, we strive for full satisfaction from both landlord and renter.
Our full range of services can be tailored to fit the needs of any community, no matter the size.
Extensive experience across a wide spectrum of multi-family properties.
Prompt and professional communication with tenants.
Detailed monthly financial statements.
In addition to the services provided to residential clients, Utopia Management has a commercial real estate team equipped to cater to the additional needs of owners and investors of industrial, office, and retail property. Our staff is skilled in the effective resolution of any property-related issues that may arise, with detailed reporting and financial statements provided through a secure online portal.
Showings by appointment seven days a week.
Expense reconciliation reports.
Competitive management fee customized to your needs
Customized thorough leases
Processes to limit liability and increase profits
Asset Management Strategies
Utopia Management is the market leader in Sacramento, and many renters begin their search with us. In addition to our strong reputation, the Utopia referral base, and property signage, we also utilize the most popular rental sites (including utopiamanagement.com) to create an effective presence for your rental property. Increasing exposure for your rental property in turn increases the interest of potential renters, and keeps our clients’ properties consistently occupied by qualified tenants at current optimal market rental rates.
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.
With services available 24-hours for emergencies, as well as regular maintenance and rent-ready repairs, Utopia Management maintains many convenient and flexible options for any work your rental property may need. The long-standing relationships Utopia Management has developed with local, licensed, and insured contractors mean that our clients receive the best prices, typically lower than market rate, from the best providers for any work that is needed. Further, our general contractor’s license (#792427) allows us to efficiently use in-house technicians for prompt and affordable work, giving us the ability to choose the best option for the job.
In addition to maintaining your rental property and communications with tenants, Utopia Management also puts the full range of our Accounting Department at your fingertips. A personal online portal is provided in order to supply each of our clients with 24-hour access to invoices and bills, receipts, and detailed reporting of all financial matters. At the end of each year an annual financial report is provided to assist our clients with filing taxes. Further, our accounting specialists are available by email or phone to assist with any questions or concerns that may arise.
Median Rent (2019)
The median home price in Sacramento is $389,000.
Sacramento’s rental vacancy rate is approximately 2.9%.
Sacramento is the capital of California, the oldest incorporated city in California (1849), and the fastest growing city in California.
Dominating industries include the health care industry, financial sector, and thriving university presence. Old Sacramento Waterfront, in the historic gold rush area, is a popular destination with dining, entertainment, shopping, nightlife, and residence.
Home sales in Sacramento have increased in the last several years due to the area’s relatively affordable prices.
California’s large cities are notoriously expensive, with the median home price in Los Angeles at nearly $1 million, and San Francisco’s at $1.4 million; the median price of $389,000 makes Sacramento one of the more affordable markets in the state.
According to a report from Sacramento’s Business Journal, it is cheaper to rent than own in Sacramento,
with monthly mortgage payments consuming approximately 33% of the median family’s income, while a 3-bedroom rental takes only about 26%. Renting is predicted to remain the more economical option for at least the next three to five years, with the gap between expanding as a result of Sacramento home prices increasing faster than rental rates.