Serving All of Tacoma
As an established property management company throughout the West Coast, Utopia Management has been trusted for over 25 years to oversee full-service administration of rental investment properties. From owners of individual properties to large investment firms holding thousands of apartment units, we have the rental management experience for properties of any kind. Our expertise and trained property managers provide both residential and commercial real estate management. A comprehensive list of rental property management services include property marketing, tenant communications, leasing, tenant screening, maintenance both routine and emergency, and online rent collection.
Clients of Utopia Management can rest assured that our experience, use of the latest technology, and customized plans for the unique needs of each property will foster the growth of their portfolios. Let us smoothly handle the day to day management demands and deliver you a carefree investment with maximum ROI. We are your partner in successful real estate rental investments.
Unmatched Property Marketing Power
We increase the range of visibility for your property by placing attractive listings on the top websites for rental property searches, including utopiamanagement.com, along with signage at the property and the Utopia Referral Base. Greater exposure means more interest from qualified potential tenants, giving us the ability to occupy rentals with eligible tenants and minimal vacancy time. Our strong presence in the market has led to many renters beginning their property searches with us. We offer online scheduling options for showings available 7-days a week. Utopia Management’s staff of licensed professionals is local to the area of your property, giving them the constant insight into market trends and knowledge of the most beneficial rental rates for the area.
- Customized and targeted marketing solutions.
- Showings by appointment seven days a week.
- Showings 7 days a week by appointment
- Utopia referral base increases visibility beyond competition
Apartment Management Programs
When it comes to apartment community management, organization and experience are paramount. Our goal is to help safeguard owners and landlords from unnecessary legal liabilities, improve overall tenant satisfaction and retention, and increase profitability. We accomplish this through expert handling of any needs for your property, no matter the size. From a single duplex or triplex to hundreds of units, our licensed property managers, local to the area of your property, are here to help maintain your investment as a headache-free source of income.
- Move-in and move-out inspections.
- Rent-ready repairs and renovations.
- Regular and emergency maintenance call response.
- Continuous marketing and promotion of your property.
- Exhaustive rental history screening of all applicants.
- Constantly updated market research to secure ideal rental rates.
Business-Minded Management for Business-Related Properties
Commercial property management requires the understanding of the specialized needs of commercial tenants and properties. We professionally handle leasing and investment strategies for office, retail, and industrial spaces through use of practiced and fine-tuned methods and techniques. For commercial real estate management, we tailor our solutions and fees to the specific needs and complexity of each property, giving our clients the most economical option for all-encompassing administration of their rentals.
- 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
Residential Property Management for Homes and Condos
We list and manage a large selection of single family homes, townhouses, and condominiums of all sizes and values in Tacoma. Our fee for residential properties is fully transparent with no hidden leasing or setup fees, at an extremely competitive 8%. All rental management services are included: marketing properties with greater visibility, collection of monthly rental payments with online options, leasing, screening, and providing ample options for quality and quick repairs. All accounting records are made accessible through monthly statements provided via your personal and secure online portal. We help owners of just a single property to investment groups with a large portfolio. Our property owners appreciate the way we handle everything that comes up with professionalism and organization. Choose Utopia as your property management company and watch your headaches diminish and your returns increase.
Full Rental History Screening
To eliminate unnecessary legal liabilities and delinquency, we thoroughly screen all applicants and select the best-quality tenants possible. Placement of the right tenant is possibly the single most important aspect of successful rental property management, with less chance of expenses resulting from a renter’s misuse or negligence of the property, or worse. Quality tenant placement also results in lower evictions, and Utopia Management proudly maintains less than a 1% eviction rate for our clients. We go beyond just checking employment and income by also verifying licenses, social security cards, and pay stubs. Industry-specific credit reports are obtained with past eviction record searches, and further including contacting previous landlords for renter references. We also offer the optional “Utopia Eviction Protection Program” for added safeguarding and peace of mind.
- 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.
Reliable Quality Maintenance and Repairs
After decades in the market, we have had the opportunity to partner with many local vendors for maintenance and repair needs of all sized and scope. Our business relationship with our list of preferred vendors typically means we receive lower than market rates for services needed. For regular maintenance or specialty and difficult needs that may otherwise be difficult to outsource, the use of our in-house technicians (through general contractor’s license #792427) provide a reliable and cost-effective option. At Utopia Management, we handle it all, from move-in and move-out inspections with video, to 24-hour emergency call response.
- Experienced in-house maintenance staff and long-standing relationships with outside vendors.
- Prompt and professional communication with tenants.
- Move-in and move-out inspections with video.
- Work closely with service providers and vendors to ensure quality and completion.
24-Hour Access to Financial Records
The accounting team at Utopia Management handles all income and expenses on your behalf with detailed reporting. All transactions are catalogued on monthly statements sent through your secure online portal, with full details and copies of any bills or invoices paid. At the end of each year, annual statements are provided with yearly figures to aid in streamlined tax filing. Tenants are provided with their own portals online to facilitate easy deposit and monthly rental payments. Our accounting staff is just a phone call away and happy to assist with any questions or concerns you may have about your statements or properties.
- 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 Tacoma located?
Tacoma is a port city that sits along the Puget Sound of Washington. The city is 32 miles southwest of Seattle and 31 miles northeast of Olympia.
What are the best neighborhoods to invest in Tacoma?
Some of the best neighborhoods for real estate investment in Tacoma are Old Town, North End, New Tacoma, and Lakewood.
How much is rent in Tacoma?
The median rent in Tacoma, Washington for a one-bedroom apartment is $1505. For a two-bedroom, the median is $1822, and for a three-bedroom, the median is $2205.
What are the security deposit laws in Tacoma?
Tacoma gives tenants some additional protections than Washington state law. If renters are required to provide first month's rent, last month's rent, and a security deposit or other fees totaling more than one-fourth of the rent, tenants have the right to request a payment plan in writing. Month-to-month tenancies can request a two-month payment plan and tenancies three months or longer can request a three-month plan.
Percentage of Renters
Median Rent (2021)