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Rental Basics in New Mexico : Real Estate Advice

  • All51
  • Local Info7
  • Home Buying23
  • Home Selling7
  • Market Conditions2

Activity 25
Fri May 19, 2017
Graceisamazing77 asked:
Tue Mar 21, 2017
Abby1292 asked:
My husband and I are moving to ABQ this summer, and are hoping to move in to a rental home mid to late May. It seems as though in order to rent a home, we have to be ready to move in right…
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Sat Feb 25, 2017
Jerry liggett asked:
im trying to rent this property & she wants me to deposit money in a account & she will mail me keys please let me know thanks
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Wed Jan 11, 2017
Susie Kay answered:
I've never seen a landlord accepting a tenant with a past eviction, but again everyone is different and the market is different. If it's a hot buyer's market the landlord may be willing to accept you with a few months deposit. I would suggest that you pick up the phone and work with a local realtor to assist you. ... more
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Tue Oct 11, 2016
jerryodom asked:
I want a different picture when the rental is viewed.
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Tue Jun 7, 2016
Sally Grenier answered:
Are you buying or renting? (you posted under "Rental Basics in Albuquerque"). If you're a renter, then there really is no "pre-approval" process like there is with buying a home. When you buy a home, you have to get pre-approved for a mortgage. That's not the case with rentals. Every rental property is different. Property management companies and/or individual landlords will likely want you to complete an application and go through a background or credit check. ... more
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Fri Feb 12, 2016
Cheryl L Mcdonald asked:
Would like to relist my home on Trulia. I am not sure how I can edit my listing and update it.
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Fri Oct 3, 2014
Murphy Team answered:
Once a lease is up the tenancy usually becomes month-to-month. If both parties agree to renew a lease then a new lease is signed.
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Tue Sep 2, 2014
Jason Valentine answered:
Coldwell Banker High Desert Realty has a small property management division that may be able to help you out. Give us a call at 505-863-4363.
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Sun Jul 6, 2014
Sean Vazquez answered:
Hello Jean,

In what month are you planning to move? I am not currently restricting any breeds on my property and my home will be available on August 1, 2014. Feel free to take a look at the property at:

Please feel free to contact me at any time via email or phone.

Thank you,
Sean Vazquez
... more
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Tue Mar 11, 2014
David Wedding answered:
It's NEVER too early to start looking. Viewing listings online is almost as good as being there. Have a REALTORĀ® send you some listings and suggest areas to you. I do that regularly with clients who get here and decide that the house is not good for them, but at least they've gotten a feel for the market. ... more
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Mon Jun 17, 2013
Patrick Willard answered:
In the late 1990's I worked with AMREP selling their new homes to rental investors, mostly out of state buyers using AMREP's lot trade program. They never had any trouble renting as long as they stayed within the market rent wise.
Over the past several years the rental market has improved here, like just about everywhere, due to the damage done by the mortgage crisis. Over the past five or six years lots of people have lost their homes to foreclosure or had to short sale and most will need to rent for years before they can consider buying ab home again. The increased demand has helped improve rents.
The main thing you want to do is just evaluate any property you are considering carefully before buying. You want to know what it'll rent for, what are you expenses, what's your cash flow, will it need repairs.
If you are interested I'd gladly talk to about it more. No obligation, just a cahnce to have some of your questions answered.
... more
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Wed Oct 3, 2012
Claudia Powell answered:
Hi Jessi, it is best to contact the property manangers of the various real estate companies in Alamogordo, as the inventory for rentals changes every month.
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Wed Jun 13, 2012
Leigh-Jo Anzures answered:
Hi Cynthia,

You can try web sites such as:

Be careful when using web sites such as craigslist. There can be scams on that web site. Be sure to check out all potential owners/landlords.

Best Regards,

Syan Real Estate
Call/Text: (505) 730-8181
... more
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Tue Mar 6, 2012
David Stafford answered:
Leigh Jo's advice below is excellent and very timely! There are way too many scams out there, especially if you heard about the property through Craigslist. I would recommend you read the entire lease agreement and ask any questions that occur to you. If you have many questions, consult an attorney who is working for you for the answers. The market is competitive out there right now for renters. As a landlord, I can tell you things that make a candidate appealing to me: a complete and legible application, showing steady and verifiable employment; a history of staying in one place more than just a few months; a willingness to use auto bill pay or direct deposit to pay the rent; not a ton of pets and/or cars. Also, I am always open to being more negotiable if the tenant will advance pay rent. Since my properties are near our university, I occasionally get offers to pay for full semesters of rent with money from parents or student loans and that always goes a long way in helping me choose those tenants and even negotiating a small rent discount sometimes. Being flexible regarding move in dates and lease terms can also help your position too! ... more
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