Property Management Blog
Adding residential rental properties to your investment portfolio is a smart, steady way to increase your annual financial return. Albuquerque and Rio Rancho property owners are seeing a continual uptick in rental rates for single-family homes.
Can You Handle These Property Management Challenges?
If you've never been a landlord before, then you need to know what's involved and why local residential property owners turn to Tyson Properties for help. Managing a rental home requires a reliable level of response throughout the duration of a lease.
These are just a few of the things you can expect to face when self-managing your first residential rental home:
- Phone calls from tenants in the middle of the night
- Unexpected plumbing emergencies
- Broken appliances
- Unpaid rental payments
- Ongoing repair requests
- Tenant HOA violations
- Court filings
- Managing the application process
- Requesting criminal background checks for all applicants
- Ongoing property viewing
- Rental advertising
- Following federal housing regulations
- Following state and local landlord laws
Buying More Rental Properties Means More Of Everything
When you add multiple investment properties to your growing portfolio, you have the opportunity for an even greater financial return. You also multiply the challenges of being a New Mexico landlord. Handling home rental property management in Albuquerque and Rio Rancho is our specialty. Our company is fully licensed, and our managers are trained to deal with all kinds of property issues.
We Solve Problems for Landlords
Managing your rental home does not have to be a challenging experience unless you want it to be. Engaging our team of knowledgeable property managers can actually make the landlord process fun. We're here to handle the emergencies and challenges while depositing rental income into your bank account.
Don't get stressed about late rental payments or ongoing tenant problems you have no control over. We don't get paid unless your property is rented and earning rental income. Working with Tyson Properties is convenient and safe. We're diligent about improving our processes and ensuring the technology we use is current and beneficial to our owners and tenants.
Having a professional management firm handle your landlord operations can ultimately raise the profitability of your real estate investments. Find out more about managing your rental home with Tyson Properties by calling 505-323-2104 today.
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