New Mexico Property Management: Top 5 Options

The New Mexico real estate market is one of the top locations for investing in long-term and short-term rental properties. The state benefits from a strong economy and a robust tourism industry, which drive demand for both types of investment properties. Moreover, real estate prices range from low to high in different cities across the state, so all types of investors can find a good fit.

Let Awning find the best property manager for your rental property. Simply fill out the form and Awning will find a property manager that provides the best rates and services for your property.

The 5 best property management companies in New Mexico are:

• HomeRiver Group: Best Overall Property Management Company in New Mexico
• PURE Property Management of New Mexico: Best for Clear Pricing
• Tyson Property Management: Best for Flexible Options
• AIM Properties: Best for Affordability
• Rent Builder Property Management: Best for Landlord Protection

Meanwhile, you can check out the 6 best property management companies in Albuquerque, NM.

How We Selected the Best Property Management Companies in New Mexico

Every ranking of the top property managers in a market should rely on multiple factors and indicators in order to produce reliable results.

In our selection of the best property management companies in New Mexico, we focused on the following criteria:

• Property management services: We looked for property managers that provide comprehensive services of high quality so that local and remote investors can benefit from passive income from their New Mexico rental properties.
• Property management fees and charges: We ranked companies that apply transparent pricing models, with competitive rates and no hidden fees.
• Rental market coverage: We searched for property management companies that cover various parts of the New Mexico market.
• Rental property type coverage: We looked for companies that work with different types of residential properties rented out on a short-term and long-term basis in order to cover the needs of all New Mexico real estate investors.
• Company size and headquarters: We included both small, local and big, national property management companies as each style of management comes with its own pros and cons, and property owners should be able to choose based on their needs and preferences.
• Use of real estate technology and human interventions: We made sure that selected companies automate processes with the help of the latest technology, without ignoring the need for human efforts in the rental industry.
• Online reviews on reputable third-party websites: We checked the overall ratings of short-listed companies on trustworthy review websites and also read through individual reviews by both property owners and renters to find out the specific strengths and weaknesses of each company.
• Value for money: Finally, we selected the 6 property management companies that offer the best value for money in the New Mexico real estate market.

HomeRiver Group: Best Overall Property Management Company in New Mexico

HomeRiver Group is the biggest, third-party, full-service property management company in the US market working with long-term rentals. John Hirschfeld, Andrew Propst, Doug Dale, and Joshua Bangert founded the company in 2016, with headquarters in New York, NY. At the moment, HomeRiver Group has a portfolio of over 40,000 rental properties and more than 32,000 homes within HOA associations in 31 US states. They have been able to reach this wide coverage by acquiring the top property managers in each city and turning them into partners. In the New Mexico market, HomeRiver Group works through an office located in Albuquerque. This is the best property management firm in New Mexico as they deliver truly full-service management at competitive rates.

HomeRiver Group Property Management Services

The full-service property management provided by HomeRiver Group in New Mexico includes:

• Property-specific expert rental market analysis to maximize return on investment
• Property marketing and advertising
• Extensive tenant screening
• Move-in coordination
• Rent collection
• Owner earnings disbursement
• Routine inspections
• Maintenance work and repairs
• Accounting
• Detailed financial reporting
• Evictions
• Rehab work

HomeRiver Group Property Management Locations

The New Mexico branch of HomeRiver Group covers:

• Albuquerque
• Bernalillo
• Corrales
• Los Lunas
• Rio Rancho

HomeRiver Group Property Types

HomeRiver Group manages single-family and small multifamily homes rented out on a long-term basis.

HomeRiver Group Property Management Costs

The Albuquerque office of HomeRiver Group does not provide information about the management fee structure applicable in the local market. In other locations, the property manager charges a mix of flat fees and percentages of monthly rent to be in line with local trends. Fees start at as low as 5% of monthly rent.

In general, property owners should expect to have to cover a leasing fee, a monthly management fee, a lease renewal fee, and inspection fees.

HomeRiver Group Property Management Terms

HomeRiver Group uses initial contracts with a duration of 6 or 12 months. After the expiry of the initial agreement, month-to-month options become available too.

HomeRiver Group Property Management Reviews

More than 500 New Mexico property owners and tenants have written reviews of the services provided by HomeRiver Group. Their reviews show very positive overall experiences.

You can find HomeRiver Group reviews on:

• Birdeye: Currently 4.3/5 stars based on 173 reviews
• Google: Currently 4.3/5 stars based on 169 reviews
• ChamberofCommerce.com: Currently 4.3/5 stars based on 169 reviews

Satisfied real estate investors and tenants praise the fantastic experiences, the great services, the high-level care, the fast answers to emergency issues at any time, the knowledge, the trustworthiness, the promptness, the friendliness, and the customer service team members that always go above and beyond. Dissatisfied customers write about poorly maintained appliances, ignoring maintenance requests, not caring about customers’ needs, and lack of communication.

How to Get Started with HomeRiver Group Property Management

To get started with the best overall property management company in New Mexico real estate investors can submit an online form via HomeRiver Group or call 415-610-7867.

PURE Property Management of New Mexico: Best for Clear Pricing

PURE Property Management of New Mexico is a local branch of PURE Property Management, one of the fastest growing residential property management and technology companies in the US market. Joseph Polverari and Michael Catalano established the parent company in 2020, with headquarters in Los Gatos, CA. Meanwhile, the team serving the New Mexico market has been managing rental properties in the area since 1996. They aim to deliver seamless, process-driven property management services in the Albuquerque market. PURE is the best property management company in New Mexico for clear pricing as they charge only two fees with a clear structure.

PURE Property Management of New Mexico Services

The services provided by PURE Property Management of New Mexico include:

• Professional property marketing including photos
• 14-step tenant screening
• Providing documentation to facilitate leasing
• Move-in and move-out inspections
• Rent collection
• Owner funds distribution
• Routine inspections
• 24/7 emergency maintenance
• Preventive and routine maintenance via dedicated, licensed, experienced vendors
• Air filter delivery
• Financial reporting

Additionally, the company offers the following protections to New Mexico real estate investors:

• 12-Month Rent Guarantee
• Pet Protection Guarantee

PURE Property Management of New Mexico Locations

PURE Property Management of New Mexico covers the following markets:

• Albuquerque
• Aztec
• Bernalillo
• Bloomfield
• Bosque Farms
• Carnuel
• Corrales
• Farmington
• Flora Vista
• Kirtland
• Los Lunas
• Los Ranchos de Albuquerque
• Peralta
• Placitas
• Rio Rancho

PURE Property Management of New Mexico Property Types

PURE Property Management of New Mexico takes care of single-family homes and apartments rented out on a long-term basis.

PURE Property Management of New Mexico Costs

PURE Property Management of New Mexico charges the following fees:

• Leasing fee: 50% of one month’s rent
• Monthly management fee: 10% of monthly rent

The few fees make PURE Property Management of New Mexico the best property management firm in New Mexico for straightforward pricing.

PURE Property Management of New Mexico Terms

The property management agreements used by PURE do not have an expiration date and get renewed on a monthly basis. Property owners can cancel with a 60-day written notice.

PURE Property Management of New Mexico Reviews

More than 200 New Mexico landlords and tenants have written online reviews of the local branch of PURE Property Management. Their reviews result in a very good overall rating.

You can find PURE Property Management of New Mexico reviews on:

• Google: Currently 4.2/5 stars based on 261 reviews

Happy property owners and renters highlight the exceptionally clean properties, the professionalism, the competence, the low vacancy rates, the quick addressing of maintenance issues, the accurate accounting, the friendliness, the great customer service that goes above and beyond, and the easy communication. Unhappy customers complain about bad experiences, unpleasant processes, inability to get tenants, lack of proper maintenance, excessively high fees, awful customer service, and poor communication practices.

How to Get Started with PURE Property Management of New Mexico

To get started with the best property management company in New Mexico for clear pricing, property owners can fill in an online form on the PURE Property Management of New Mexico website or call 505-220-8906.

Tyson Property Management: Best for Flexible Options

Tyson Property Management is a local, full-service property management company serving the Albuquerque area. Bob Tyson Huneycutt started the company in 1997, with headquarters in Albuquerque, NM, making it one of the oldest property managers in New Mexico. The team focuses on the use of communication, honesty, technology, and their experience for the benefit of property owners. Tyson Property Management is the top property management firm in New Mexico for flexibility as investors can choose from three different service plans.

Tyson Property Management Services

Tyson Property Management offers comprehensive services covering:

• Rental market analysis
• Rental property marketing
• Property showings
• Careful tenant screening
• Pet screening
• Lease preparation and signing
• Move-in and move-out inspections including photos
• Move-in coordination
• Rent collection
• Owner earnings deposit
• Lease enforcement
• Regular property inspections
• Maintenance coordination and documentation
• Financial reporting
• Monthly statements

Moreover, Tyson Property Management offers access to the following guarantees:

• Pet Damage Protection Program
• Eviction Protection Program
• Tenant Placement Protection

Tyson Property Management Locations

The services delivered by Tyson Property Management are available in:

• Albuquerque
• Rio Rancho

Tyson Property Management Property Types

Tyson Property Management works with single-family homes and condos rented out on a long-term basis.

Tyson Property Management Costs

New Mexico investors can select from three different service packages including:

Leasing Only: This plan covers all services needed to rent out a property.

• Leasing fee: 50% of one month’s rent

Full Service: This plan covers everything in Leasing Only plus all basic tasks associated with running a rental business.

• Monthly management fee: 11% of monthly rent
• Premium advertising: $125 for 30 days
• Eviction Protection Program: $4/month
• Annual assessment report with photos: $150

Premium Service: This plan covers everything in Full Service plus premium advertising, Eviction Protection Program, Tenant Placement Protection, annual assessment report, and annual assessment review package.

• Monthly management fee: 15% of monthly rent

The provision of three service plans makes Tyson Property Management the best property manager in New Mexico for flexibility.

Tyson Property Management Terms

Tyson Property Management does not specify the terms of the management contract that property owners need to sign. Thus, interested investors should get in touch with the company and ask for a copy to review before making a decision. They need to understand how easy or not it is to opt out of services if not fully happy with them.

Tyson Property Management Reviews

Over 500 landlords and tenants have reviewed the work of Tyson Property Management. Their reviews reveal mixed experiences.

You can find Tyson Property Management reviews on:

• Birdeye: Currently 3.3/5 stars based on 229 reviews
• Google: Currently 3.4/5 stars based on 217 reviews
• Yelp: Currently 2.1/5 stars based on 58 reviews

Positive reviews focus on the rentals maintained in a good shape, the outstanding experiences, the top-notch services, the prompt resolutions of issues, the fast and professional work, the proactiveness, the reliability, and the comprehensive communication. Negative reviews talk about dirty homes, not paying attention to emergency maintenance requests, unexpected charges, and withholding of security deposits.

How to Get Started with Tyson Property Management

To get started with the best property management company in New Mexico for flexible options, landlords can submit an online form via the Tyson Property Management website or call 505-323-2104.

AIM Properties: Best for Affordability

AIM Properties is a local, premier, full-service property management company covering the Greater Albuquerque area of New Mexico. Jasmine McGarvey launched the company in 2010, with headquarters in Albuquerque, NM. The team strives to help real estate investors maximize their investment results by eliminating the hassle of managing rental properties on their own. AIM Properties is the best New Mexico property management firm for affordable options as their monthly management fee is equivalent to only 7% of monthly rent.

AIM Properties Property Management Services

AIM Properties delivers comprehensive property management services that include:

• Aggressive, customized marketing and advertising on multiple physical and online platforms including Zillow, Trulia, and Facebook, among others
• Thorough tenant screening including credit, employment, residency, and criminal background checks
• Completing lease and disclosure documentation
• Insurance for damages and evictions
• Rent collection
• Owner payouts distribution via direct deposit
• Payment of utilities, association fees, etc.
• Tenant communication
• Inspections
• Proactive and on-call, cost-effective property maintenance via licensed, insured, professional vendors and service providers
• Financial reporting
• Monthly and annual statements
• Representation at eviction proceedings
• Recommendations for property improvements to increase property value and rental income

AIM Properties Property Management Locations

AIM Properties manages long-term rentals in:

• Albuquerque
• Bernalillo
• Los Lunas
• Rio Rancho
• Tijeras

AIM Properties Property Types

AIM Properties provides services to single-family homes, townhomes, multiplexes, and apartment complexes with less than 50 units rented out on a long-term basis.

AIM Properties Property Management Costs

AIM Properties charges a leasing fee of one month’s rent and a monthly management fee of 7% of rent. The latter is one of the lowest rates in the local market. Other best rental property management companies in New Mexico charge around 10%.

AIM Properties Property Management Terms

AIM Properties does not offer a copy of the management contract on the company website, so interested property owners need to contact the team and ask for a copy to review diligently.

AIM Properties Property Management Reviews

There are over 1,000 online reviews of the services provided by AIM Properties that result in average overall ratings.

You can find AIM Properties reviews on:

• Birdeye: Currently 3.8/5 stars based on 458 reviews
• Google: Currently 3.9/5 stars based on 422 reviews
• Facebook: Currently 3.5/5 stars based on 125 reviews
• Yelp: Currently 1.3/5 stars based on 23 reviews

Satisfied property owners and renters talk about the great experiences, the high-quality services, the positive interactions, the easy processes, the clean and safe rentals, the professionalism, the knowledge, the responsiveness, the friendliness, the driven staff members, and the wonderful team. Dissatisfied customers complain about bad practices, inconvenient services, poor handling of maintenance works, unexpected charges, rudeness, and awful communication.

How to Get Started with AIM Properties Property Management

To get started with the best property management company in New Mexico for affordability, rental property investors can fill in an online form on the AIM Properties website or call 505-321-8651.

Rent Builder Property Management: Best for Landlord Protection

Rent Builder Property Management is a local, full-service property management company focusing mostly on single-family rental homes. Jim Meek founded the company in 2010, with headquarters in Albuquerque, NM. The team aims to give their full attention to each property owner so that investors don’t have the feeling that they are just another number in the crowd. Rent Builder Property Management is the top property management company in New Mexico for landlord guarantees as they offer more protection than most other local firms.

Rent Builder Property Management Services

Rent Builder Property Management takes care of:

• Sophisticated rental property marketing
• Careful tenant screening
• Rent collection
• Owner funds transfer
• Legal compliance
• Lease enforcement
• Frequent property inspections
• Maintenance coordination
• Financial reporting
• Eviction protection

In addition, Rent Builder provides a few important guarantees to New Mexico real estate investors:

• $1,000 Eviction Guarantee: The company will cover up to $1,000 in legal expenses and place a new tenant for free if a resident needs to be evicted.
• $1,000 Pet Protection Guarantee: The property manager will cover up to $1,000 in pet damage above the security deposit amount.
• Tenant Placement Guarantee: The property management firm will find a new tenant for free in case a resident placed by them breaks the lease.
• Rent Deposit Guarantee: Rent Builder Property Management will directly deposit owner payouts in their bank account by the 15th of each month.
• Management Fee Guarantee: Property owners have to pay Rent Builder only after the company has successfully collected rent.
• Leasing Fee Guarantee: Landlords don’t need to pay the all-inclusive leasing fee until a tenant has been placed and they have paid the first rent.
• Response Time Guarantee: The property manager will respond to all communication within 24 business hours.
• 30 Day Contract Guarantee: There are no long-term contracts, with all property management contracts being monthly.

These guarantees make Rent Builder the best New Mexico property manager for landlord protection as they exceed what other local and national companies offer.

Rent Builder Property Management Locations

Rent Builder Property Management operates in:

• Albuquerque
• Bernalillo
• Corrales
• Los Lunas
• Rio Rancho

Rent Builder Property Management Property Types

Rent Builder manages mostly single-family homes rented out on a long-term basis.

Rent Builder Property Management Costs

Rent Builder Property Management offers two service plans including:

Leasing Only: This plan covers everything required to place a quality tenant.

• Leasing fee: 70% of one month’s rent for a minimum of $750

Full Service: This plan covers everything in Leasing Only plus the services needed to operate a rental property.

• Leasing fee: 25% of one month’s rent
• Monthly management fee: 8% of monthly rent for a minimum of $150
• Lease renewal fee: $120

Rent Builder Property Management Terms

Under the 30 Day Contract Guarantee, Rent Builder Property Management works with monthly contracts, so investors can easily cancel services if they are not happy with the provided quality.

Rent Builder Property Management Reviews

More than 300 New Mexico real estate investors and renters have written reviews of Rent Builder Property Management on third-party websites. Their reviews show generally positive experiences.

You can find Rent Builder Property Management reviews on:

• Birdeye: Currently 4.0/5 stars based on 146 reviews
• Google: Currently 4.2/5 stars based on 134 reviews
• Yelp: Currently 4.4/5 stars based on 14 reviews

Happy landlords and tenants highlight the excellent experiences, the efficient processes, the high-quality tenants placed by the property manager, the quick solutions to maintenance issues, the professionalism, the personability, the friendliness, the easy-to-work-with team members, and the on-time communication. Unhappy customers discuss corrupt practices, falsified inspections, information missing on the company website, unnecessarily strict pet policies, rudeness on behalf of staff, lack of helpfulness, and bad customer service.

How to Get Started with Rent Builder Property Management

To get started with the best property management company in New Mexico for landlord protection, rental property owners can submit an online form via the Rent Builder Property Management website or call 505-892-4400.

Takeaway

These are the 6 best property management companies in New Mexico that can help real estate investors earn passive rental income. The top property managers for long-term and short-term rentals are HomeRiver Group and Awning, respectively, as they provide full-service management at competitive prices. PURE Property Management of New Mexico has one of the most straightforward pricing models, while Tyson Property Management offers flexible options. Investors looking for affordable options should check out AIM Properties, and those searching for additional guarantees can consider Rent Builder Property Management.