Serving All of Sacramento
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.
Our Local Office
Utopia Property Management
500 Capitol Mall Suite 2350
Sacramento, CA 95814
Property Management Office Serving Sacramento, CA
MINIMAL VACANCY TIME THROUGH EFFECTIVE MARKETING
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.
- 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
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.
PROFITABLE COMMERCIAL PROPERTY MANAGEMENT
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
SINGLE-FAMILY RESIDENTIAL HOMES AND CONDOS
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 management 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.
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 AND REPAIRS
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.
- 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 FINANCIAL DEALINGS RECORDED
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.
- 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 Sacramento located?
Sacramento is the capital city of California, sitting at the confluence of the American River and Sacramento River within Sacramento Valley.
Is the housing market competitive in Sacramento?
Sacramento's housing market ranks a 75 out of 100 on Redfin, making it very competitive. Homes in Sacramento typically go off the market within 20 days and sell above asking price.
What is the median home price in Sacramento?
This year homes in Sacramento are selling for a median price of $482,000, a 10% increase from the previous year.
Is Sacramento a good place to invest in real estate?
As the capital city of California, Sacramento is a highly established urban center and is currently the fastest growing city in the state, making it a great location for property investments. The city will continue to attract residents with its relatively low property price tags compared to other major cities in California.
Percentage of Renters
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.
The population of Sacramento, CA is just over 508,000, making it the 35th largest city in the country.
The Old Sacramento Historic Park, a business district from the 1850’s, was made a National Historic Landmark in 1965.
The Eagle Theater was the first permanent theater ever built in California, and still stands today. It is rumored that the theater is haunted.
Sacramento is home to the American River Bike Trail. The 32 mile trail is fully-paved with two lanes and amenities such as restrooms and water fountains.
According to rentcafe.com, the average apartment size in Sacramento, CA is 823 square feet; the average rent is $1,404.
Sacramento is the fastest-growing market in the country for apartment rentals, according to the Yardi Matrix Analysis Q2 2019. Current occupancy is 96.8%. The downtown and midtown areas are most in demand, and have shown a rise in rental rates.
A Zillow study recently found that from 2018 to 2019, Sacramento ranked second in the country for cities searched by outsiders looking to relocate.
Sacramento overall vacancy rate: 14.2%
Average asking rent: $23.65 per square foot
National average asking rent: $36.44
Though Sacramento has shown the most growth in the suburban sector, the city also shows steady gains in the office market. Education, health, leisure, and hospitality sectors have reported the highest growth over the previous year, up 5.4%.
Demand for high-quality properties has risen over the last five years, and has led to an increase in construction in the area. Approximately 68,700 square feet were added in the first half of 2019, and additional 149,100 is expected by year end.
19.8% of Sacramento’s jobs are using office spaces, the lowest number seen in a decade, and just below the current national average of 21.5%.
In June of 2019, Sacramento unanimously approved appropriating $10 million to the Innovation & Growth Fund, aiming to attract startups and provide them with the knowledge and resources to grow.
The program provides grants and investments for startups in the accelerator/incubation period, as well as to companies who can assist them, and educational programs to benefit entrepreneurs. THe city plans to partner with a non-profit organization focused on economic development to invest $1 million in funding for local companies. An additional $2 million in investments will be planned to attract startups from outside the region
Sacramento, the capitol city of California, is full of history. From the start of the Gold Rush and some of the country’s first railroad developments, to recent grants provided to foster and develop startup companies, Sacramento has been a desired location for decades.
Sacramento County Business Start Guide