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Rentals in Rio Rancho : Real Estate Advice

  • All107
  • Local Info8
  • Home Buying36
  • Home Selling12
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Activity 7
Sun Apr 7, 2013
mamacita0906 answered:
Thu Mar 14, 2013
Josh Barnett answered:
Bad people is a subjective term, can you expand on this?
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Thu Mar 14, 2013
Leigh-Jo Anzures answered:
Hello Natasha,

It depends on what you're looking for in a neighborhood (e.g. access to the freeway, parks, shopping, etc.). If you're looking for crime stats, I would recommend getting thjs info directly from the local police department. Although some crime stat websites can give you an idea about a neighborhood, your best bet is the police department.

Syan Real Estate
Call/Text: (505) 730-8181
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Wed Mar 6, 2013
EJS answered:
by the way I am not an agent trying to sell you a home just giving the best advise i can since I am in the same boat as you.
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Fri Feb 15, 2013
Patrick Willard answered:
You should contact the management company handling the property and see what their pet policy is or if the property owner allows pets. Most will allow pets but will usually ask for an additional "pet deposit". Even if they allow pets some may have restrictions on size or breeds. The only way to know for sure is to ask them. Looks like that property is managed by Real Property Management and their number is 505 292-4765. ... more
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Mon Aug 20, 2012
Suz A answered:
Sorry Phoenixrose,
I missed your early comment. If you expect that you might move within a year, it is not going to make sense to buy unless it is your intent to own an investment property. Folks in the military used a strategy where they accumulated a portfolio in the cities where they were stationed. If they could pull it off, they had accumulated five or six homes before retirement. Becoming a landlord isn't for everyone, so consider that thought thoroughly. Otherwise, wait and buy after you are relocated and/or know that you will be staying for longer than five years.

Best regards,
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Mon Jun 18, 2012
Patrick Willard answered:
Judy, Leigh-Jo is right about the rentals not being well tracked. Not all management companies list all their rentals in the MLS and there are lots of private owners that don't have MLS access.
The marketing time on a rental will depend on a lot of factors like asking rent, lease terms and marketing. Demand for rentals is up. This is due to the large number of people/families losing their homes through foreclosure or having to sell short. They need to live somewhere, won't be able to buyer anytime soon, and most would rather rent a house than an apartment. If well advertized and your asking rent is not out of line with the market you should be able to rent fairly quickly. If you are not using a management company please be careful to screen tenants properly. I've worked with many investors over the years and worst mistake you can make is to rent to someone without checking them out because the house has sat for a while and you just want to get someone in. There are several good online screening services that'll run you between $25-50 per screening. I'd be happy give you the info for a couple, just contact me and I'll email you links. You should pass the cost onto the tenant in the form of an application fee.
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