New Mexico Landlord & Investor Guide
New Mexico offers affordable Southwest cash flow in Albuquerque, with a privacy-friendly LLC that has no annual report.
Income outlook
Albuquerque anchors demand; Santa Fe adds a higher-end and vacation-rental niche, and Las Cruces offers low-cost cash flow.
Landlord-tenant law at a glance
| Security deposit cap | 1 month's rent for leases under one year (no cap for one year or longer). |
|---|---|
| Deposit return | Within 30 days of move-out. |
| Rent control | Prohibited — local rent control is preempted. |
⚠️ General orientation only — not legal advice. Laws change and vary by city and county. Verify the current statute or consult an attorney before acting. Last reviewed 2026-06-04.
Eviction process
New Mexico's eviction process is moderate under its Uniform Owner-Resident Relations Act.
Registering an LLC in New Mexico
Filing agency
New Mexico Secretary of StateApprox. filing fee
~$50 (Articles of Organization)
Good to know
No annual report required — and NM allows anonymous LLCs (privacy-friendly).
Strategies that fit New Mexico
Underwriting tip
New Mexico's no-annual-report, privacy-friendly LLC is a draw; Albuquerque is the core cash-flow market.
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