The National Association of Residential Property Managers has several Designations and Certifications that members can attain. NARPM Designations are earned with a combination of Property Management Experience, NARPM and industry education, and service to the association through volunteer activities. Residential Management Professionals have completed extensive course work and service projects for NARPM. These individuals demonstrate a strong dedication to the Property Management Industry.
Residential Management Professional Requirements
Albuquerque is the largest and most populated city in the state of New Mexico. The city sits in the high desert, situated in the north-central part of New Mexico state, straddling the Rio Grande. As of July 1st, 2016, the city population was estimated to be 559, 277.
Running a rental operation can be a pretty solid business but sometimes, setting the right rent price can be quite challenging. Obviously, you don't want to set the rent too low because there is no point in running an operation that does not generate any profits for you. At the same time, you do not want to price your property too high because then you will not be able to attract tenants. Thus, the challenge is to find the middle ground.
In New Mexico, the relationship between landlords and tenants is guided and governed by the New Mexico landlord-tenant laws. With a proper understanding of these laws, both landlords and renters should be able to settle any landlord-tenant issues easily.
This guide to New Mexico landlord-tenant laws will get you started.
Many people today earn decent enough incomes by renting out their properties. Some use it as a strategy to earn their partial mortgage payments through rent while others are in the business of managing and renting out apartment buildings, town-home communities, and condominiums.
Whether your rental operation is big or small, there is no doubt that the quality of a tenant is extremely important. When you do find good tenants, it is well-worth your time and money to ensure you can retain them. One of the easiest ways of retaining tenants is by maintaining your property and providing exceptional service.