Advertising is a major part of what makes a property

As any property manager will know, a lot goes into the day-to-day running of property for tenants. There can be more to meet the eye in a place like Malibu, where the standards are so high. At Utopia, we offer a residential property management service in Malibu that tackles all of these issues for our clients. Regardless of the stress involved or how specific the issue is, we make sure it is dealt with as it should be. This results in happy tenants as their day-to-day needs are dealt with and handled immediately.

One of the major benefits of our team handling the daily management process is that your tenants always have access to a support team. We have tenant support staff available 24/7, so all messages are seen and dealt with by a professional who can help. We can then quickly appoint things like maintenance contractors and property inspectors, all the while handling day-to-day tasks like rent collection. Now, you can enjoy a stroll down the beach while we ensure your property is in a prime position to thrive.

While commercial property in Malibu is in the minority, there is a growing investment strategy in the city to build more commerce. If you own any commercial or industrial property in or near Malibu, then there is likely to be a growing number of potential partners to rent to. At Utopia, we can tackle the rental process on your behalf. This includes dealing with setting a fair rent price based on the facility’s square footage. We can then find a suitable partner and create a long-term partnership that benefits all involved.

Alongside typical day-to-day management, we deal with specific matters on behalf of our clients. This includes having someone take care of all accounting needs and tackle issues revolving around maintenance works. We use the best contractors to cover Malibu and our independent staff. This results in buildings staying in peak condition, delivering a greater rental return for minimal personal involvement. We also tackle bespoke issues such as REO management and CAM expense reconciliation.

The difference that a good tenant can make compared to a poor choice can be hard to understand. Until you have had the joy of having a tenant stay in your property for multiple years and create a long-term partnership, it can be hard to appreciate. At Utopia, though, one of our main priorities when managing property in Malibu is finding someone with the right credentials. First and foremost, we ensure they are in a situation that means they can afford the rent being charged. Second, we review their personal history.

This lets us guarantee that the person we are dealing with is someone who can be trusted to be kind. To make sure that our clients are not worried about the person, we review every detail we can find about them. All references are verified, as are issues regarding their personal and professional situation. Regardless, our attention to detail during all tenant inspections helps us retain our long-term history of tenant retention. Less than 1% of our chosen tenants are evicted, thanks to our extra due diligence!

While earning money is fun, counting money for accounting purposes is tedious in the extreme. Still, needs must be met, and at Utopia, we see many of our clients come to us because they want help with accounting. Staying on top of what is being spent on maintenance and management versus what has been earned in rent is tough. So, we offer a service that does all of this on behalf of our clientele. This means that everything is accounted for and 100% accurate, and thus, it can be used to simplify year-end taxes.

This will not only make it easier for our clients to get their tax returns filled in accurately, but it will save them countless hours per month. This can remove one of the most important but time-consuming tasks from your ‘to-do’ list. Additionally, we tackle the collection of rent and security deposit payments. Handled online, this reduces the risk of tenants not paying on time or not paying in full. Should a tenant fail to pay their rent on time, we make sure that the situation is dealt with amicably and fairly while securing payment.

Without staying on top of the maintenance needs of a Malibu property, the cost of repairs can skyrocket to unsustainable levels. Not only is this a serious problem for our clients, but it can cause no shortage of problems for tenants. Our clients also often struggle to find the right people to work with, as they wish to hire contractors who have a track record of doing things by the book. Not only do we have a team of excellent maintenance contractors working for us, but we also have connections in the Malibu area.

This means that maintenance work is always, without fail, managed by people who can be trusted. We first work with licensed and insured professionals who have proven their experience elsewhere. Given the cost of Malibu properties, we only allow contractors to carry out work who we know can be trusted. This means all maintenance issues are corrected without diluting the aesthetic style unique to your property.

Without a solid lease agreement, tenants can be a little naughty. This can mean damaging the property without having to face penalties or simply refusing to pay rent because the property is not suitably protected. Many landlords make the mistake of using a cookie-cutter lease agreement they found online. Not only are these often basic, but they can also be legally inaccurate.

Our legal writing department will tackle this for you so that you have nothing to worry about. We ensure that the lease is not only valid by Californian law but also easily understandable. Many lease agreements fail because they are rife with confusing jargon and needlessly obscure terminology. We avoid this by creating agreements that set out transparent expectations for all involved.