Rental Property Landlord Toolkit for New Mexico Landlords
Managing rentals in New Mexico means tracking rent rolls that move with the market and maintenance calls that don't wait.
Regulatory framework
NM Uniform Owner-Resident Relations Act. Quick eviction timeline. No rent control.
Economic context
Median household income $57,000. Top industries: federal government (Los Alamos, Sandia labs), energy, tourism, film.
Tax load
Income tax: 1.7-5.9% brackets. Sales tax: 5.125% state (Gross Receipts Tax structure).
Landlord/tenant summary
Landlord-friendly.
Operator notes
GRT (Gross Receipts Tax) applies to service businesses differently than a standard sales tax. Worth understanding structurally before pricing.
Tenant directory, rent collection log, unit turnover checklist, and a maintenance request tracker per address.
- ✓ Excel + Google Sheets · instant download
- ✓ 30-day refund, no questions asked
- ✓ Works anywhere in New Mexico
Being a landlord is a legal position first, a real estate position second. This workbook holds a tenant directory with lease terms and renewal dates, a rent collection log with payment method and late fees, a turnover checklist for every unit, and a maintenance request tracker per address. Tax-ready expense categories at year end.