Discounts On Larger Portfolios
25+ years Experience
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!
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 an all inclusive 8% 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.
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.
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.
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.
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.
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.
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.