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
First, make sure you're priced right. And stay on top of the prices; have your agent run a new series of comps every week or so (a new CMA isn't required that often, but you do want to keep tabs on the market) to make sure that you are, and remain, competitive. Not being from Albuquerque or having access to the MLS there, I can't even attempt to offer an opinion on it; just make sure you monitor it closely.
One tip: If you get a reasonable number of showings, that indicates that your pricing is probably competitive. If you aren't getting showings, it's an indication you're priced too high.
I took a look at the pictures of your property. The property looks nice. And the pictures, technically, are OK. Not great, but OK. (Maybe a solid B.) However . . .
You're selling the house, not furniture. Too many of the pictures are pictures of the furniture, not the rooms they're in. The beds. That white chair. The coffee table.The roll-top desk (which dominates the room). You need pictures of the rooms, not the furniture.
As for the exterior shots: Redo them. You have one shot of the front that only shows the garage. Take the shot from the other angle. And the other shot you have, of the front door, looks entirely unappealing--a narrow path with a wall (the garage, I guess) on the right and a water-leaking cinderblock retaining wall in the rear.
The back yard isn't much better.
I ran your pictures by a home stager, who agreed with my comments but also said to get rid of the red walls. Come up with a different color for the kitchen walls. The bathroom needs to be totally reworked. Get rid of some of those hanging plants; you've got too many of them scattered around. She also didn't like the red tile in the back (and is that your cat there, too?). And she didn't like the window coverings in the master bedroom. Get a professional home stager in there to give you an evaluation. That should cost $200-$400 and will be well worth it.
At this point, that's about all you can do. Make sure it's priced right. And make sure it shows well.
Hope that helps.... more
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