Discounts On Larger Portfolios
25+ years Experience
Utopia Management provides comprehensive property management services for rental investment properties across Santa Barbara and throughout the West Coast. Our rental management services are more affordable, efficient, and economical for investors and owners alike. In our 25 years in real estate management, we’ve developed savvy and streamlined methods, organizational tools, and technology.
Our licensed and local property managers have insight into the local real estate market. Whether you own a large portfolio of hundreds of rental units or a single condo, our team has the know-how and experience to handle all aspects of rental property management. Services include marketing and tenant placement, tenant screening, rent collection, lease execution, evictions, full accounting, and maintenance and repairs. Our clients enjoy headache free rental property investments with maximum returns.
Our portfolio of single-family homes and condos throughout Santa Barbara includes properties of all sizes and price ranges. We charge an extremely competitive, all-inclusive 8% fee for residential rentals which includes all setup and leasing services, with no additional hidden fees like some competitors. The comprehensive line of services we offer include rental property marketing, screening applicants, maintenance and repairs, and rent collection with online payment options. We aim to create and grow the financial success of your property while freeing you from the daily administration tasks.
One of the lowest real estate management rates in the area
Prompt and professional communications with tenants
Move-in and move-out inspections with video available
Property protection programs for additional security
24-hour emergency line for tenants
Our team has provided lucrative and stress-free apartment management for clients since 1994. No matter how many units, our methods can be tailored to the unique and specific needs of each apartment complex. We offer tenant screening, regular and emergency maintenance, rent-ready repairs and renovations, security deposit and rent collection with online payment options, comprehensive accounting reports, and tenant retention programs. We employ a variety of methods proven to increase tenant satisfaction and retention while limiting loss and liability for owners.
Utopia Management’s staff of managers for commercial properties is practiced in approaching all property-related issues with a business mindset, and developing innovative solutions to protect our clients and improve tenant satisfaction. Our services are comprehensive and include building maintenance, administration of leases customized for your needs, regular and move-in/move-out inspections, collections and evictions when needed, and monthly financial statements. We base our services and our fees on the individual complexities of your rental properties, allowing us to provide the most effective methods at extremely competitive rates.
Monthly Financial Accounting Statements
Vendor Management & Contract Administration
CAM & Operating Expense Reconciliation
Customized Asset Management Strategies
REO Management and Disposition
Known as the market leader in Santa Barbara, many potential renters begin their property search with Utopia Management. We make use of this large Utopia Referral base to expose your property to even more prospects than traditional marketing efforts. We also build attractive listings on the most trafficked rental search sites (including utopiamanagement.com), and utilize professional signage at the property to increase visibility and awareness for your rental. Effective marketing techniques and our strong presence in the market allow is to quickly fill properties with reliable tenants at the most advantageous rental rates.
We understand how crucial placement of the right tenant is to the success of your rental investment, and as such we use an exhaustive screening process designed to eliminate unwanted liabilities. We validate identity through verification of social security cards, licenses, and pay stubs. We check employment, industry-specific credit reports with past eviction records, and contact past landlords to obtain renter references. Through selection of the best tenants, we maintain not only a low delinquency rate, but also an exceptionally low eviction rate of less than 1%.
Complete tenant screening services including background, credit, and rental history checks.
Exceptional protection for owners, including the optional “Utopia Eviction Protection Program.”
When maintenance or repair needs arise, a fast and affordable solution facilitates tenant satisfaction as well as success of your rental. Utopia Management’s relationships with local contractors has given us the ability to create a list of preferred and reliable vendors, some of whom we have worked with for over 15 years. Our preferred vendors often provide us with lower-than-market rates. We employ in house maintenance staff as well, through general contractor’s license #792427, leading to fast repair response times and low cost repairs.
Detailed statements outlining all financial records are confidentially posted through your owner web portal, and available at your convenience. We record all transactions including deposit and rent collection, copies of invoices and bills received, and receipts for payments made on your behalf. To aid in easy and accurate tax filing, December statements also include annual figures. Our accounting professionals are only a call away and happy to assist with any questions or concerns about your property’s accounting or monthly statements.
Collection of deposits and monthly rent.
Settle bills and invoices on your behalf.
Review cost-incurring maintenance and repair requests prior to making repairs.
Detailed monthly statements
Median Rent (2019)
The vacancy rate is only about 1%.
Median home value is $1,161,300
Santa Barbara, known as the “American Riveria”, is home to a fair share of sunny weather, beautiful coastlines, and, many Victorian-style homes. It has a long history dating back more than 12,000 years, when it was home to over 10,000 Chumash Native Americans. Like many Californian cities, Santa Barbara lies in a high seismic zone containing multiple fault lines, leading to frequent and sometimes devastating earthquakes.
Demographics: 77.53% White, 12.58% other races, 3.91% Asian, 3.69% 2 or more races, 1.36% African American, 0.73% Native American, and 9.19% Native Hawaiian or Pacific Islander. The mean household income is $101,590, with an average of 2.49 people per household.
The city is also named “Hollywood of the North,” due to its large movie production presence. In the early 1900’s, hundreds of silent films and westerns were filmed in the city, such as DeMille’s The Ten Commandments in 1923. Flying A Studios was once the world’s largest movie studio, and occupied two blocks of the Santa Barbara streets from 1910 to 1922. During this time, about 1200 films were produced in the city by Flying A and other local studios.
Two bedroom unit prices have increased by 43.3% in the past year. The 1-year appreciation rate for housing is 8.1%.