It is, perhaps, a little known fact that "top producing" agents have a network of licensed professionals working underneath. The underlings assign their production to the top agent. The top agent then
Kathleen - well....having worked with investors that have purchased rental property all over town it's hard to narrow down "good" areas to buy. I think there are opportunities throughout Albuquerque and Rio Rancho. Much of that will have to do with your price point? And your goals on cash flow, income, and long term plan for the property?
The areas surrounding UNM and the university hospital attract students, faculty, doctors, etc. Involved in several rental properties in that area - the phenomenon of professionals moving into town for work who can't sell their homes where they are coming from and need to rent does exist. A pool of qualified renters is always a starting point for any property you decide on.
As for property management companies, there are many to choose from depending on your property location. You can expect to pay average of 10-12% for their services.
Talk to you soon and have a great day! Chris... more