Discounts On Larger Portfolios
25+ years Experience
Utopia Management is an established property management company specializing in the leasing, advertising, marketing, management, and accounting of gainful investment property. With local licensed property managers right in Stockton, we offer insight to the area's market, trends, and neighborhoods. We have over 25 years of experience in all types of properties, including single family residential homes and condos, apartment communities, and commercial/office/retail complexes.
Our advanced technology, large scale operations, and skilled staff allow our leasing and rental management services to be more affordable and efficient for real estate investors. Our clients depend on us to oversee all aspects of leasing and maintaining their income producing properties in order to maximize their return on investment (ROI). Whether you own a large portfolio of hundreds of rental units, or one condo, our Stockton property management team has the know-how, experience, technology, and professional personnel that will help you grow your rental investments. Utopia remains a prominent property management company throughout the West Coast with an excellent reputation with tenants and landlords alike.
We work with owners of single family condos, townhouses, or houses of all sizes and price ranges. For residential properties, we have an especially competitive, all inclusive 8% management fee with no additional leasing or set-up costs. This includes all of our rental management services, including promoting your property, screening for reliable tenants, lease execution, rent collection and evictions, and full maintenance and repairs. Our goal is to create and uphold the economic success of your properties while relieving you of the headaches of daily management tasks.
Prompt and professional communication with tenants.
Move-in and move-out inspections with video.
Exceptional property protection options for owners.
24-hour emergency response.
8% management fee for residential
With 25+ years of experience in apartment management, Utopia understands the unique practices required to smoothly manage tenants and apartment complexes profitably. We succeed with strong communication, organized systems, and the latest technology including online rent collection and an accounting web portal. Every property management service is handled professionally, including vacancy reduction techniques, property marketing, maintenance, tenant screening, rent collection, thorough accounting, and tenant retention practices.
Utopia Management offers an easy and affordable solution for all aspects of your investment. Our licensed professionals are equipped to handle any sized portfolio, regardless the number of units. The Utopia Management team’s proven methods will help minimize losses and tenant turnover in order to increase returns.
The Utopia commercial property management team is comprised of a skilled staff of experienced entrepreneurs who treat your investment like their own. Our effective methods and solutions for any property-related issues or concerns allow us to ensure the needs and goals of our clients and their tenants are satisfied. Building maintenance, lease development and execution, professional showings and inspections, evictions and collections, tenant retention, and full-service accounting strategies are customized to your needs. Our commercial rates are extremely competitive in the Stockton market and individually customized based on the size and complexity of your investment.
Professional lease development to fit your needs.
Monthly Financial Accounting Statements
Vendor Management & Contract Administration
CAM & Operating Expense Reconciliation
Customized Asset Management Strategies
REO Management and Disposition
Exposing your property to as many potential renters as possible is key to profitable rental property management. Utopia Management creates a significant web presence for your rental property with placement on many popular rental websites, including the most trafficked property management sites and utopiamanagement.com. In addition to web traffic, we use property signage and our own Utopia Management referral base. Our position as the market leader means many renters turn to us when ready to begin their search.
The listing is another priority in showcasing your property in the best light, attracting competitive rents and better tenants. Our listings are gorgeous, with accurate enticing descriptions written by experienced agents, and professional grade photographs.
Utopia®’s advertising and marketing programs, along with our dominant role in the market, will increase visibility for your rental property. As a result, we are capable of persistently filling vacancies with quality tenants, at current market prices.
Prospective tenant screening by Utopia Management consists of verifying employment, income, rental history, and industry specific credit reports with eviction search. We confirm identification, social security cards and pay stubs, together with with contacting former landlords for recommendations. Our thorough screening procedure for rental applicants has consistently kept our delinquency rate low and eviction rate at less than one percent. Utopia additionally offers our owners with the optional “Utopia® Eviction Protection Program” for further reassurance. We have experience with many approaches to eliminating possible liabilities, as we recognize that placing an appropriate tenant is the most vital step in the process.
Utopia Management is outfitted to care for any maintenance or repair issues that may arise. With 15+ years of experience in partnering with local contractors, our clients generally receive lower than market prices from the most efficient providers. We also maintain a general contractor’s license (#792427) and our skilled technicians and contractors are available for any complicated repairs or work that may be difficult to outsource. Receipts and invoices are cared for on your behalf, and documented in detail along with your monthly accounting reports. Whether for rent-ready repairs, regular maintenance needs, 24 hour emergency calls, and move-in/move-out inspections, Utopia Management is prepared to handle it all.
Detailed monthly financial statements are confidentially and securely posted through your owner web portal and available at your convenience. All financial activity including rent and deposit collection, copies of bills and invoices, and receipts for all payments made are included. To make filing taxes more convenient and accurate, annual figures will also be provided in each December statement. Our accounting professionals are only a phone call away to assist with any questions or concerns regarding your property’s accounting or monthly statements.
Median Rent (2019)
The median home price in Stockton is $306,500.
Stockton’s vacancy rate is approximately 4.4%.
A Stockton investment firm reported in November 2019 that the median home price in the area had dropped approximately $5,000, ranking Stockton as third in the country for locations with little to no change in average listing price, and making it a hot location for rental investments.
According to Zillow, Stockton rental prices are up about 4% on average year-over-year, as reported in August 2019. While this is approximately double the national rent increase rate, it is still in line with similar inland California areas such as Riverside and Sacramento.
The city of Stockton has partnered with the state of California in order to convert excess state land into affordable housing.
A lack of new apartment construction and influx of residents from the Bay Area seeking affordable housing is anticipated to gradually raise rental rates over the coming years.
Stockton is home to the oldest university in California. Opened in 1852, University of the Pacific was California’s first chartered institution of higher education.