Advertising a property in Beverly Hills might seem excessive, given the size of the location. However, with close to three-quarters of Beverly Hills’ residents renting, competition for tenants is fierce. You need to know that your properties stand out for the right reasons. To achieve this, our marketing department creates high-end listings complete with new, professional photography.

These listings sell the property’s features in the most evocative way, encouraging people to make a declaration of interest. When we receive a declaration from a potential tenant, we analyze their application and then, if they meet our requirements, provide a chance to review the property in person or virtually. This ensures that properties receive more interest, including from our reputable referral list.

Property management in Beverly Hills is mostly focused on the 14,000+ residential properties. However, investors might also have bought into places like Rodeo Drive, the major shopping district of Beverly Hills. Whatever kind of property you own, Utopia Management can take over its day-to-day running for you. This includes finding tenants/vendors and handling the lease agreement process.

We also carry out regular inspections to review the property and offer 24/7 support in the event of an emergency. Maintenance is carried out as immediately as we can while we also ensure we handle all financial matters. This includes collecting deposits and rent, managing the accounts, and providing our clients with the details. We manage everything so our clients do not have to get involved; they can focus on enjoying the profits of their investments.

The right tenant can be the difference between a harmonious rental experience and a lasting, prolonged headache. At Utopia, we offer access to tenant selection services that ensure that any applicant is thoroughly reviewed. First, we review their financial history: Can they afford to rent in Beverly Hills? Then, we evaluate their personal and professional history, including a review of their rental history.

This gives us complete confidence that every tenant we put forward is a suitable candidate. This thorough analysis is also why we see so few evictions – just 1% of our tenants need to be evicted. That gives us complete confidence that any rental issues can be avoided. We offer an additional Protection Program, too, if clients require extra peace of mind that we can step in to deal with any rare eviction processes.

Finances are never easy to deal with, especially for an upmarket property in Beverly Hills. However, staying on top of the accounts is essential. With Utopia involved, though, our clients can rely on our accounting department. We keep close track of every rental payment arriving, as well as any costs associated with maintenance and management fees. This is broken down into a monthly statement.

That statement, as well as our year-end statements, fully explains the property’s financial situation. We can also help collect rent and security deposits, receiving all payments online through our in-house portal. This limits the risk of tenants failing to pay rent on time. At the same time, we make sure that tenants who fail to pay on time are given a clear request. This keeps the cash flowing in from rental payments without our clients feeling like they have to get personally involved.

Given the luxury of Beverly Hills’s properties, it should come as no surprise that maintenance is essential. Properties that are not given the correct level of maintenance will lose their tenants. Given the age of some Beverly Hills properties, maintenance must be available both for scheduled inspections and emergency callouts. We have in-house maintenance staff who handle this for us.

All maintenance is carried out to an elite standard and managed by either our team or the best contractors in Beverly Hills. We find the best way to cut maintenance costs, too, by passing those savings on to our clients without cutting corners or risking a low-quality result. We also deal with all inspections, making sure that a member of our team reviews properties on a scheduled basis. Any problems we find are then corrected by our staff as soon as possible. This keeps properties in condition and demand.

Leases are a vital part of the owner-tenant relationship. Not only do lease agreements need to be easily understood, but they need to be thorough. They have to be something that a tenant can look over and understand in full. At the same time, they have to be in line with California and local property laws. Our lease writing team stays in touch with all law changes so we can ensure agreements match up. We handle the delivery of the lease and its enforcement should the lease be found to be broken.

This reduces confusion among tenants but also guarantees that tenants feel happy with their agreement. Our clients benefit from the increased protection from a legal standpoint, too. With limited liability and risk, we make it easier for the rental process to continue anew. Any changes to the law are adapted to the legal agreement, meaning that our lease-writing team keeps our clients fully up-to-date in line with the law. Now, problems with tenants are much easier to work through amicably, thanks to our agreements.