6749 Academy Rd NE Suite B, Albuquerque, NM 87109
Property owners can choose between leasing only services or full-service property management plans.
Leasing only service fees will be equal to 50% of one month’s rent or $500.
Leasing only services include professional photography, marketing and advertising, property showings, tenant background and credit checks, lease drafting and signing, weekly inspections of vacant properties and a six-month tenant placement warranty.
Full-service property management fees will be equal to 10% of the monthly rent or $120, whichever is greater.
Full-service management services include all of the leasing only services.
Full management services also include accounting, property inspections, rent collection, automatic rent deposits via ACH, 24-hour emergency maintenance line, vendor bill payments, maintenance coordination, move-in and move-out inspections as well as pet damage protection.
A premium property management service is also available and caters to investors with multiple properties requirement management services.
The premium service includes all leasing only and full-service services as well as free lease renewals, additional annual inspections, eviction protection, enhanced pet protection and a premium plus advertising package.
The premium property management service fees will be equal to 12% of one month’s rent or $150, whichever is greater.
License #: ?
Thunderbird Property Management and Realty Company
#2 best rated of 22 Albuquerque, NM property management companies
9680 Eagle Ranch Rd NW #6, Albuquerque, NM 87114
Property owners and tenants will have separate and secure online portals to access relevant property details at any time.
All potential properties with management services needs will receive a free rental evaluation prior to entering into a property management service agreement.
Property owners will not be subject any sort of setup or new account fees, they will not be charged when the property is vacant and there will be no transfer fees if the leaves within the first six months of the agreed-upon lease.
There is a one-time fee to place a new tenant. The tenant placement fee is $250.
The ongoing property management fee will be equal to 10% of one month’s rent.
Services include regular property assessments, work order management for repairs, market preparation between tenants, property advertising and in-person showings to each potential tenant.
License #: ?
AQM Property Management
#4 best rated of 22 Albuquerque, NM property management companies
1717 Louisiana Blvd NE #111, Albuquerque, NM 87110
Tenants and owners will have their own separate and secure online portals to view relevant property details 24-hours a day.
Financial services include annual budget development, year-end common area maintenance reconciliations, monthly financial statements and deliver of year-end financial data to CPAs for tax preparation.
Maintenance services include property inspections, vendor contract liaison, competitive bidding for vendor contracts and construction projects, contract administration and enforcement as well as all preventative maintenance services.
Tenant relation services include 24-hour maintenance, detailed move-in and move-out inspections and confirmation of tenant insurance coverage.
Lease administration services include lease renewals and lease enforcement.
Property owners must contact the management team to obtain cost estimates for services.
License #: 09080
#8 best rated of 22 Albuquerque, NM property management companies
4200 Silver Ave SE d, Albuquerque, NM 87108
Property owners can choose between a lease agreement plan or a full-service management plan.
The lease agreement plan includes property advertising, in-person property showings, tenant screening, tenant qualification verification, tenant interviews, in-person lease signing, collection of required move-in monies and release all information and collected monies to the property owner for further management.
Full- service management includes handling all tenant relations after the lease-signing, perform irregular inspection visits to each property, provide owners with detailed reports of property condition, supervise all maintenance and repairs on the property as well as collect rents and distribute owners rental proceeds thereafter.
The leasing agreement plan fees will be equal to 50% of the first full month’s rent.
The full management plan fees will be equal to 10% of the gross property income and a monthly $3 administrative fee.
License #: 08396
Homes In Transition, Inc
#11 best rated of 22 Albuquerque, NM property management companies
1701 Moon St NE # 400, Albuquerque, NM 87112
There is a leasing-only service available for a fee equal to 50% of one month’s rent.
Property management fees will be equal to 10% of each month’s rent plus gross receipts tax.
There will be a 24-hour emergency line available to all tenants.
Services include property advertising, tenant screening, lease execution, property inspections, property accounting as well as all repair and maintenance management.
Owners will receive monthly, quarterly and annual financial statements pertaining to the property that are CPA and IRS formatted.
All property bill pay will be managed on behalf of the property owner.
If there are any legal issues, including eviction proceedings, then they will be managed on behalf of the property owner by the management team.
Albuquerque vs Nearby Cities
Albuquerque is about 60 miles southwest of Santa Fe and offers much lower real estate prices. While the median home price in Santa Fe is around $500,000 much of the time, it tends to stay well below $300,000 in Albuquerque. Renters often face a median rent price of around $1,200 in Albuquerque, but those prices are a bit higher in Santa Fe as well. Buyers searching for more affordable real estate prices can look in many nearby cities, including Belen and Los Lunas. The median home price tends to stay close to $150,000 in both of these cities, and the median home values are much closer to $100,000.
Albuquerque Property Managers
Property managers serve as the eyes and ears for property owners unable to oversee their rental properties. They ensure that tenants abide by all rules and pay rent on time and are available to answer questions as needed. Managers often handle all marketing and screening for new tenants and are responsible for keeping all units occupied.
Albuquerque Property Management Company Fees
Most landlords in Albuquerque pay their managers between eight and 10 percent of the rent paid by tenants each month. This rate can get close to 15 percent if the property owner requests additional services or the property demands more attention than usual. Leasing fees often apply as well.
New Mexico Landlord/Tenant Laws
Landlords in New Mexico cannot charge more than one month’s rent when asking a new tenant to pay a security deposit.
Once a tenant vacates a rental unit, the landlord can take up to 30 days to return the tenant’s security deposit.
Tenants can file a lawsuit worth up to $10,000 in damages if they believe their security deposit was withheld illegally.