RENTER

Frequently Asked Questions (FAQs)

Answers Before You Move In

How do I apply for a rental home?

You can apply online through our website. Each adult (18 and over) must complete a separate application and pay the application fee. We process applications on a first-completed, first-reviewed basis.

Do you allow co-signers or guarantors?

In some cases, yes. Co-signers must meet higher credit and income standards and be willing to sign the lease assuming responsibility.

What is considered “normal wear and tear”?

Normal wear and tear includes minor scuffs, faded paint, or worn carpet. Damage beyond this—like holes, stains, or pet damage—may be deducted from your deposit.

How do I pay rent?

Rent is paid online through our secure portal. It’s due on the 1st of each month. Late fees may apply after the 3rd of the month, as outlined in your lease.

What maintenance services are provided?

We handle all major repairs and safety issues. You can submit maintenance requests 24/7 online. Emergency issues (like leaks or no heat) are prioritized and handled immediately. Owners and Residents have different responsibilities for repair costs. Be familiar with your lease.

What if I need to break my lease early?

You must give written notice and may be responsible for rent until a new tenant is found, plus a lease-break fee if specified. Active-duty military may terminate early under the federal Servicemembers Civil Relief Act (SCRA).

Is renter’s insurance required?

Yes, most owners require this. Renter’s insurance protects your personal belongings and covers liability. It’s a smart and affordable way to protect yourself.

Do you accept Vouchers (Section 8 Housing Choice)?

Yes. Vouchers are treated as income and applicants must comply with the income standards as published to make up the difference through other forms of income.

(Ex. if your voucher covers $1000 rent, you are responsible to document the remaining $1500 - $2000 per month income from any other source.) Additionally, all applicants must meet all other requirements that include credit, eviction, and criminal background checks.

What are the application requirements?

We screen for income, credit, rental history, and background. Minimum income is typically 2.5 to 3 times the rent. A criminal or eviction history may impact your eligibility, but each situation is reviewed individually. See our Rental Standards Section.

How much is the security deposit?

Deposits typically equal one month’s rent but may be higher depending on credit, pets, or lease terms. Deposits are refundable under the conditions outlined in your lease and per UORRA §47-8-18. In some cases we may utilize a Deposit Alternative through a 3rd party provider in lieu of a deposit.

Do you allow pets?

Each owner we represent determines if they will allow for pets. Breed and size restrictions may apply. Pet deposits or pet rent will be required. All pets must be approved prior to move-in.

Will you enter my home without permission?

No. We give 24-hour written notice before entering for inspections or repairs, except in emergencies (UORRA §47-8-24) in which case we may enter without notice. See the Resident Handbook for definition of emergencies.

How do I get my security deposit back?

After you move out and return the keys, we inspect the unit. Deposits are returned within 30 days, minus any lawful deductions. You'll receive an itemized list if any amount is withheld (UORRA §47-8-18). In the event a deposit alternative is utilized, there is no refund.

What if I have a complaint or concern?

Please contact our office right away. We take all concerns seriously and will respond promptly. We are committed to fair and respectful treatment of all residents.

Do you comply with Fair Housing laws?

Absolutely. We do not discriminate based on race, color, religion, sex, disability, familial status, national origin, sexual orientation, or gender identity. Everyone is welcome here.

RENTER

Frequently Asked Questions (FAQs)

Answers Before You Move In

How do I apply for a rental home?

You can apply online through our website. Each adult (18 and over) must complete a separate application and pay the application fee. We process applications on a first-completed, first-reviewed basis.

Do you allow co-signers or guarantors?

In some cases, yes. Co-signers must meet higher credit and income standards and be willing to sign the lease assuming responsibility.

What is considered “normal wear and tear”?

Normal wear and tear includes minor scuffs, faded paint, or worn carpet. Damage beyond this—like holes, stains, or pet damage—may be deducted from your deposit.

How do I pay rent?

Rent is paid online through our secure portal. It’s due on the 1st of each month. Late fees may apply after the 3rd of the month, as outlined in your lease.

What maintenance services are provided?

We handle all major repairs and safety issues. You can submit maintenance requests 24/7 online. Emergency issues (like leaks or no heat) are prioritized and handled immediately. Owners and Residents have different responsibilities for repair costs. Be familiar with your lease.

What if I need to break my lease early?

You must give written notice and may be responsible for rent until a new tenant is found, plus a lease-break fee if specified. Active-duty military may terminate early under the federal Servicemembers Civil Relief Act (SCRA).

Is renter’s insurance required?

Yes, most owners require this. Renter’s insurance protects your personal belongings and covers liability. It’s a smart and affordable way to protect yourself.

Do you accept Vouchers (Section 8 Housing Choice)?

Yes. Vouchers are treated as income and applicants must comply with the income standards as published to make up the difference through other forms of income.

(Ex. if your voucher covers $1000 rent, you are responsible to document the remaining $1500 - $2000 per month income from any other source.) Additionally, all applicants must meet all other requirements that include credit, eviction, and criminal background checks.

What are the application requirements?

We screen for income, credit, rental history, and background. Minimum income is typically 2.5 to 3 times the rent. A criminal or eviction history may impact your eligibility, but each situation is reviewed individually. See our Rental Standards Section.

How much is the security deposit?

Deposits typically equal one month’s rent but may be higher depending on credit, pets, or lease terms. Deposits are refundable under the conditions outlined in your lease and per UORRA §47-8-18. In some cases we may utilize a Deposit Alternative through a 3rd party provider in lieu of a deposit.

Do you allow pets?

Each owner we represent determines if they will allow for pets. Breed and size restrictions may apply. Pet deposits or pet rent will be required. All pets must be approved prior to move-in.

Will you enter my home without permission?

No. We give 24-hour written notice before entering for inspections or repairs, except in emergencies (UORRA §47-8-24) in which case we may enter without notice. See the Resident Handbook for definition of emergencies.

How do I get my security deposit back?

After you move out and return the keys, we inspect the unit. Deposits are returned within 30 days, minus any lawful deductions. You'll receive an itemized list if any amount is withheld (UORRA §47-8-18). In the event a deposit alternative is utilized, there is no refund.

What if I have a complaint or concern?

Please contact our office right away. We take all concerns seriously and will respond promptly. We are committed to fair and respectful treatment of all residents.

Do you comply with Fair Housing laws?

Absolutely. We do not discriminate based on race, color, religion, sex, disability, familial status, national origin, sexual orientation, or gender identity. Everyone is welcome here.

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 Servicemembers 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 | 505-250-1944. 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 Servicemembers 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 | 505-250-1944. Albuquerque Top Property Management Companies. Joshua Christensen | Qualifying Broker | REC-2024-0235

Copyright © 2024-2025 | 505 Housing LLC | All Rights Reserved.