Office Hours: Mon-Fri 9:00 to 5:00
505-531-6336
Please report maintenance issues in your resident portal. Staff will respond during the next business day.
Property Owners Frequently Asked Questions
This page answers the most common questions rental property owners ask before hiring a property management company in Albuquerque, including pricing, inspections, maintenance, tenant screening, rent disbursement, and legal compliance.
Office Hours: Mon-Fri 9:00 to 5:00
505-531-6336
Please report maintenance issues in your resident portal. Staff will respond during the next business day.
What does a property management company do?
A property manager handles the day-to-day operations of a rental, including marketing, tenant screening, rent collection, maintenance coordination, inspections, and lease enforcement. Management also ensures the property is operated in compliance with local and state laws.
How much does property management cost?
Property management fees in Albuquerque typically range between 8% and 12% of collected rent, depending on the property type, condition, and level of service required. Final pricing is determined after reviewing the property and aligning on management scope.
How do you handle maintenance and repairs?
Maintenance requests are coordinated through a structured system that prioritizes safety, habitability, and cost control. Owners are kept informed through the owner portal, and pre-approved spending limits are followed in accordance with the management agreement.
How often do you inspect the property?
Properties are inspected at key points, including move-in, move-out, and periodically during tenancy. Inspections help identify maintenance needs early, verify lease compliance, and protect the long-term condition of the property.
Can I still use my own vendors or contractors?
Yes, provided they are properly licensed, insured, and meet operational requirements. Coordination with owner-preferred vendors may be accommodated, subject to scheduling, availability, and management oversight.
Do I have to sign a long-term contract?
Most management agreements are structured as annual terms and may include defined cancellation provisions. Agreement terms, including any notice requirements or fees, are outlined clearly in the management agreement.
Can I access information about my property online?
Yes. Owners have access to a secure online portal where they can view financial statements, leases, maintenance history, and property performance at any time.
Is property management regulated in New Mexico?
Yes. Property management in New Mexico is regulated by the New Mexico Real Estate Commission. Individuals performing property management services must hold an active real estate broker’s license in accordance with state requirements.
How are tenants screened?
Tenant screening includes credit history, rental history, background checks, and income verification. All applicants are evaluated using written rental standards and in compliance with Fair Housing laws.
How is rent collected and disbursed to me?
Rent is collected through secure online payment systems, and owner proceeds are disbursed monthly via direct deposit. Detailed financial statements are provided through the owner portal.
Do you handle evictions?
Eviction processes are coordinated in accordance with New Mexico’s Uniform Owner–Resident Relations Act (UORRA). Owners are kept informed throughout each stage, from required notices through resolution.
How do you ensure legal compliance?
We operate in accordance with applicable laws, including Fair Housing, the New Mexico Uniform Owner–Resident Relations Act (UORRA), SCRA, and local ordinances. Our policies and procedures are regularly updated to align with current requirements and reduce risk to the property.
What types of properties do you manage?
We manage single-family homes, condos, townhomes, and small multi-family properties throughout the Albuquerque metro area.
How do owners get paid and track income?
Owners receive rental proceeds via direct deposit and can track income, expenses, and statements through a secure owner portal. Disbursements are processed according to the schedule outlined in the management agreement.
Technology That Keeps You Connected
The 505Housing Owner Portal gives you clear visibility into your property’s performance while keeping communication and financial information organized in one secure place.
Secure owner
payments
Easily send and receive funds through the Owner Portal. Whether you're contributing to repairs, property improvements, or reserve funds, transactions can be completed safely and efficiently online.
On-Demand financial reporting
Access financial statements, monthly performance summaries, tax documents, and property records whenever you need them. Everything is available in one centralized location.
streamlined
communication
Stay in touch with our management team through built-in messaging and notifications. Communication is organized within your portal so important updates are easy to track.
Document & record management
View and download important property documents such as management reports, statements, and agreements, all stored securely within your owner account.
Maximize Your Investment
Access your Owner Portal anytime through your secure login to review property performance, financial reports, and important updates.
Don't have an account? Sign Up Now!
Property Owners Frequently Asked Questions
This page answers the most common questions rental property owners ask before hiring a property management company in Albuquerque, including pricing, inspections, maintenance, tenant screening, rent disbursement, and legal compliance.
What does a property management company do?
A property manager handles the day-to-day operations of a rental, including marketing, tenant screening, rent collection, maintenance coordination, inspections, and lease enforcement. Management also ensures the property is operated in compliance with local and state laws.
How much does property management cost?
Property management fees in Albuquerque typically range between 8% and 12% of collected rent, depending on the property type, condition, and level of service required. Final pricing is determined after reviewing the property and aligning on management scope.
How do you handle maintenance and repairs?
Maintenance requests are coordinated through a structured system that prioritizes safety, habitability, and cost control. Owners are kept informed through the owner portal, and pre-approved spending limits are followed in accordance with the management agreement.
How often do you inspect the property?
Properties are inspected at key points, including move-in, move-out, and periodically during tenancy. Inspections help identify maintenance needs early, verify lease compliance, and protect the long-term condition of the property.
Can I still use my own vendors or contractors?
Yes, provided they are properly licensed, insured, and meet operational requirements. Coordination with owner-preferred vendors may be accommodated, subject to scheduling, availability, and management oversight.
Do I have to sign a long-term contract?
Most management agreements are structured as annual terms and may include defined cancellation provisions. Agreement terms, including any notice requirements or fees, are outlined clearly in the management agreement.
Can I access information about my property online?
Yes. Owners have access to a secure online portal where they can view financial statements, leases, maintenance history, and property performance at any time.
Is property management regulated in New Mexico?
Yes. Property management in New Mexico is regulated by the New Mexico Real Estate Commission. Individuals performing property management services must hold an active real estate broker’s license in accordance with state requirements.
How are tenants screened?
Tenant screening includes credit history, rental history, background checks, and income verification. All applicants are evaluated using written rental standards and in compliance with Fair Housing laws.
How is rent collected and disbursed to me?
Rent is collected through secure online payment systems, and owner proceeds are disbursed monthly via direct deposit. Detailed financial statements are provided through the owner portal.
Do you handle evictions?
Eviction processes are coordinated in accordance with New Mexico’s Uniform Owner–Resident Relations Act (UORRA). Owners are kept informed throughout each stage, from required notices through resolution.
How do you ensure legal compliance?
We operate in accordance with applicable laws, including Fair Housing, the New Mexico Uniform Owner–Resident Relations Act (UORRA), SCRA, and local ordinances. Our policies and procedures are regularly updated to align with current requirements and reduce risk to the property.
What types of properties do you manage?
We manage single-family homes, condos, townhomes, and small multi-family properties throughout the Albuquerque metro area.
How do owners get paid and track income?
Owners receive rental proceeds via direct deposit and can track income, expenses, and statements through a secure owner portal. Disbursements are processed according to the schedule outlined in the management agreement.
Technology That Keeps You Connected
The 505Housing Owner Portal gives you clear visibility into your property’s performance while keeping communication and financial information organized in one secure place.
secure owner payments
Easily send and receive funds through the Owner Portal. Whether you're contributing to repairs, property improvements, or reserve funds, transactions can be completed safely and efficiently online.
on-demand financial reporting
Access financial statements, monthly performance summaries, tax documents, and property records whenever you need them. Everything is available in one centralized location.
streamlined communication
Stay in touch with our management team through built-in messaging and notifications. Communication is organized within your portal so important updates are easy to track.
document & record management
View and download important property documents such as management reports, statements, and agreements, all stored securely within your owner account.
Maximize Your Investment
Access your Owner Portal anytime through your secure login to review property performance, financial reports, and important updates.
Don't have an account? Sign Up Now!
505 Housing Property Management is committed to Equal Housing Opportunity and fully complies with the Federal Fair Housing Act and all state and local fair housing laws. We adhere to the New Mexico Uniform Owner-Resident Relations Act (UORRA), which governs rental agreements and outlines the rights and responsibilities of both landlords and residents. In accordance with the federal Service members Civil Relief Act (SCRA), we honor all legal protections and lease termination rights afforded to active-duty military personnel. All rental information is deemed reliable but is subject to change without notice. 505 Housing LLC | 505-531-6336. Albuquerque Top Property Management Companies. Joshua Christensen | Qualifying Broker | REC-2024-0235
Copyright © 2024-2025 | 505 Housing LLC | All Rights Reserved.
505 Housing Property Management is committed to Equal Housing Opportunity and fully complies with the Federal Fair Housing Act and all state and local fair housing laws. We adhere to the New Mexico Uniform Owner-Resident Relations Act (UORRA), which governs rental agreements and outlines the rights and responsibilities of both landlords and residents. In accordance with the federal Service members Civil Relief Act (SCRA), we honor all legal protections and lease termination rights afforded to active-duty military personnel. All rental information is deemed reliable but is subject to change without notice. 505 Housing LLC | 505-531-6336. Albuquerque Top Property Management Companies. Joshua Christensen | Qualifying Broker | REC-2024-0235
Copyright © 2024-2025 | 505 Housing LLC | All Rights Reserved.