Santa Barbara, CA Office
Serving All of Montecito
Montecito, zip code 93108, is the most upscale area in already-affluent Santa Barbara County. There’s a unique microclimate in Montecito that somehow seems to always yield sublime temperatures and conditions. Several well-known public figures own houses in Montecito, among them: Oprah Winfrey, Drew Barrymore, Ellen DeGeneres, and Google Executive Chairman, Eric Schmidt. There are over 3,000 single-family dwellings in Montecito for those fortunate enough to possess one.
You don’t want just any tenant in your Montecito investment property. You want the perfect tenant. At Utopia Management, we specialize in finding perfect tenants. We do this through a rigorous qualification process, but it all begins with a broad, smart, and targeted marketing campaign. The right fit is out there, and with the help of Utopia Management, we’ll find them fast.
Our tenant screening process is as thorough as can be. We begin with a standard background check, ID verification, and credit inquiry. If the prospective tenant(s) appears to be in the range of our qualifications, then we proceed to rental history inquiries, employment verification, and we’re also able to readily uncover any eviction records or problematic mortgage records. To ensure that the property will be well cared for, we thoroughly photograph it prior to move-in. First month’s rent, last month’s rent, and a security deposit are always collected prior to move-in.
At Utopia Management, we’re proud to be among the industry’s most experienced property management professionals. Whether you’re renting a home (single family or multi-family complex) or a commercial property, our licensed local representatives will keep you informed on local market trends and can help you set rent levels that will maximize your returns.
We don’t see much value in coordinating maintenance with costly third parties, so we do our maintenance in-house whenever possible. We operate as a general contractor – license #792427.
We know that it is important for property owners to monitor the financial wellbeing of their investments. This is why, at Utopia Management, we facilitate the real-time financial monitoring of our clients’ investment properties. The Utopia Secure Web Portal provides up to the minute reporting on financial performance, expenses, revenues, balance statements, and more. In addition to rigorous financial reporting, Utopia also employs various financial mechanisms that make life easier for both tenants and property owners. We process rent payments as online direct deposits and we also prepare and serve rental increase notices.
Utopia Management is the largest property management company in southern California. Our 20 years of property management expertise will ensure that you enjoy maximum profitability from your investment properties with few headaches. In addition to our work in Southern California, we’ve managed thousands of properties all over the world. Our macro-level and Montecito-specific expertise in property management creates an environment that allows us to offer an amazing value to our clients. Contact us today to learn more!
ATTRACT TENANTS WITH PROPERTY MARKETING
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
Apartment Management Services
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
Commercial Property Management
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: RESIDENTIAL RENTAL MANAGEMENT
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 AND LESS THAN 1% EVICTION RATE
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
Santa Barbara, CA
Located in Santa Barbara County, the city of Santa Barbara is situated on the longest section of south-facing coastline in the US, sandwiched between the Santa Ynez Mountains and the Pacific Ocean.
Santa Barbara is a popular tourist and resort destination, as well as home to many A-list celebrities. The hospitality industry is a significant part of the region’s economy, with around 35% of local employees working in the service sector. The University of California, Santa Barbara is the county’s largest employer, with over 4,300 and 4.8% of the total employment.
The Santa Barbara Certified Farmers’ Market Association was established in 1983. The non-profit organization was created to assist California farmers by giving the community direct access to locally grown produce. The original farmers’ market was held in 1979, and was among the first in the state. Today, the Association includes over 130 members working to provide fresh produce to the public.
Santa Barbara’s southern-facing coastline and offshore Channel Islands provide uniquely fantastic opportunities for whale-watching. From February to early April, and again from May to September, residents and visitors can catch sights of a variety of species of whale. The Santa Barbara Channel is home to over 27 types of whales and dolphins, along with porpoises, seals, and sea lions.
The median home value in Santa Barbara is just over $1 million. Zillow reports that over the last year, home values have only increased 0.6%; however, also predicts that they will rise 4% over the next year. The median rent in Santa Barbara is $4,000.
Santa Barbara’s most expensive neighborhood is Montecito, where the median home is valued over $4.2 million, and the median rent over $9,800.
Few cities come close to the famous coastal Old World beauty of Santa Barbara. The small city, located 90 miles north of Los Angeles, is home to year-round Mediterranean climates, historic architecture, and beautiful natural landscapes. It is promoted as the “American Rivera.”
Downtown Santa Barbara – Resource Guide: https://www.downtownsb.org/resources
Santa Barbara Activities – guides and information for tours, annual events, beaches, biking trails, and more: https://www.santabarbara.com/activities/
Explore and Discover Santa Barbara: https://santabarbaraca.com/explore-and-discover-santa-barbara/
City of Santa Barbara Business Resources: https://www.santabarbaraca.gov/business/businessguide/default.asp