Albuquerque Rental Market Update
Real Property Management Rio Grande is a leading Property Manager of single family homes in the Albuquerque New Mexico area. We have experience with investors as well as people with just one home and we manage all the aspects of your rental home.
You keep the return on investment and avoid the drama, late night calls, and legal issues surrounding rental properties.
Call us for rental properties that you can buy now for a great investment.
The Market continues to Evolve
1) Due to continued higher interest rates and higher prices than 5 years go, people cannot afford to buy as much home as previously. This drives the rental market higher. More people are going to rent houses. Even with plans for lower rates, “Afforability” is still Key
2) The sales market has slowed down. YOu can sell your home IF it is prices correct. You can also buy an investment home at a reasonable price
3) Rents are leveling off and we are seeing seasonal slowdowns. This after a 25% increase in rents over the past 3 years. Returns are still great, Rental Property is still a great investment (call us to see how returns are over 10% annually)
4) There is a lot more rental housing available then 1 year ago. Not houses (Single Family Homes/SFH). But apartments. 1000+ units have been built and they are offering discounts for moveins. I did a recent check and EVERY apartment complex from the highest end to the lower end of Rent had vacancies and most were offering move in specials. This is a challenge to condo and 4plex owners but has limited impact on SFH.
5) There are opportunities to buy rental houses. We have listing and owners wanting to sell rental homes. Call today!
Real Property Management Rio Grande
www.rpmriogrande.com
505-292-4765
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
