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Are You Cut Out to Be a New Mexico Landlord?

If you own a residential investment property in Albuquerque or Rio Rancho, following up on repair issues, late rent payments, and HOA violations may not be your favorite thing to do. Being a responsive landlord may sound easy on paper, but the actual doing can be overwhelming even for an active business-oriented person.

Successfully managing your own rental property requires more than making the mortgage payments on time. You'll also need to have other skills and information to get the income you intended, including:

  • Ability to collect rental payments in a timely manner

  • Attracting high-quality applicants using a process that follows government guidelines

  • Knowledge of and compliance with state and federal laws governing the home rental market

  • Staying informed about the current rental market so you can successfully increase rental rates

  • Gathering the proper information about following the eviction process

  • Having the wherewithal to handle emergency calls at all hours

  • Securing timely property repairs and maintenance services

You Can Enjoy Rental Ownership

Real estate on the westside of Albuquerque, NM is a great income investment, and our Albuquerque rental property managers are licensed to handle the leasing and management process for single-family homes. We're here to help you get your home rent ready, so it attracts potential tenants right away. We'll advise you about making updates to your property, respond to repairs and emergencies so you don't have to, and help you find tenants who pay their rent on time.

As a top property management company in Albuquerque for more than 21 years, we've helped hundreds of homeowners get the most from their real estate investments. Contact us at 505-323-2104 to speak to a knowledgeable property manager about the home you want to put on the rental market.

10-15-2018
ML
Real Estate Investing, Buying Real Estate, Selling Real Estate, Albuquerque Income Properties
10-15-2018
Is It Okay to Water My Lawn Today?

Here's a statistic that needs to change: Forty percent of Albuquerque’s water is used to water lawns and gardens.

Conservation and preservation are top priorities for the Albuquerque Bernalillo County Water Utility Authority. Like many other communities across the U.S., the ABCWUA uses a water by the numbers schedule to meet their commitment.

Here’s how the plan works:

Albuquerque's Water by the Numbers program is designed to put its citizens in charge.  You pick your own days to water, and irrigate your landscape:

  • ONCE A WEEK IN MARCH
  • TWICE A WEEK IN APRIL AND MAY
  • THREE TIMES A WEEK IN JUNE, JULY AND AUGUST
  • TWICE A WEEK IN SEPTEMBER AND OCTOBER
  • ONCE A WEEK IN NOVEMBER

Spray irrigation is NOT allowed between 11 a.m. and 7 p.m. from April 1-Oct. 31 and is considered water waste. 

You Can Help Identify Water Waste

Whether you spot water waste on your block, in your neighborhood, or elsewhere in the city and county, ABCWUA wants to know about it. Make sure you know what the definition of water waste is before alerting authorities. Learn about water waste.

Here’s where and how you can make your observations known: Report Water Waste.

07-02-2018
ML
Property Maintenance Tips
07-02-2018
Do Your Sprinklers Work?

Spring is the Time to Turn Your Sprinkler System On

If you’re living in a rental home, you’re likely charged with the maintenance of your lawn and outdoor areas. Caring for the sprinkler system is part of that groundskeeping process.

WHERE TO START

  1. Turning on the watering system for the first time each season is an opportunity to check for problems left by winter weather.
  1. Locate the irrigation supply valve and turn the system on by turning the valve. Set the automatic sprinkler controller to the “ON” position.
  1. Allow the system to run for a few minutes. Walk the length of the system and make sure each sprinkler head is operating correctly.
  1. Report any problems to your property manager.
  1. Set the sprinkler system to turn off and on according to local watering requirements.

REMINDERS

  • Most management companies require repair requests for broken appliances and items found in the home. Check your lease agreement to see how you should proceed with a needed sprinkler repair.
  • If you’ve been watering the correct amount of time over the course of a few weeks, and you see that your lawn and plants are suffering, let your property manager know right away.
  • If there is no sprinkler system to care for, you’ll be required to hand water flower beds, grass, and trees in both your front and back yard areas. You will need to purchase the right equipment to get the job done.

In Albuquerque, watering restrictions are in operation from April 1 through October 31. Rio Rancho water restrictions are also start April 1 and run through October 31. However, Rio Rancho has different restrictions to follow.

04-19-2018
ML
Property Maintenance Tips
04-19-2018

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  • 5 Common Lease Requirements for Renters
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