STR by Nob Hill - Albuquerque NM

Albuquerque, New Mexico
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STR by Nob Hill - Albuquerque NM

Andrew Alcala
Member since 2019 · 2 posts · 2 votes

Hi Everyone! I am new here and have done AirBNB recently in Los Angeles. My mom bought a property near Nob Hill (3 bedroom/2 bath) and is interested in starting a STR. Has anyone had experience with this in Albuquerque and be open to a call or coffee? I see there is a limit on AirBNBs but doesn't say exactly if that limit is capped or not. Also, interested in returns people are seeing and whether it is smarter to go LTR. Any help would be great. Thanks!

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  • Jon Martin
    Member since 2022 · 1k+ posts · 1k+ votes
    1y

    No direct experience in ABQ but I have looked at other NM markets. Is there something special about the Nob Hill neighborhood? Nice views and/or walkable to restaurants? Close to a hospital or university?

    If "No" to all of the above the less appeal it will have as a STR. Property taxes are low, which helps cash flow no matter which route you go.

    0Reply
  • Leslie VillarealBusiness Member
    Real Estate Broker · Albuquerque, NM · Member since 2021 · 67 posts · 32 votes
    1y
    Quote from @Andrew Alcala:

    Hi Everyone! I am new here and have done AirBNB recently in Los Angeles. My mom bought a property near Nob Hill (3 bedroom/2 bath) and is interested in starting a STR. Has anyone had experience with this in Albuquerque and be open to a call or coffee? I see there is a limit on AirBNBs but doesn't say exactly if that limit is capped or not. Also, interested in returns people are seeing and whether it is smarter to go LTR. Any help would be great. Thanks!


     Hi Andrew and welcome to BP! I invest here in Albuquerque and work with many investors on this very thing. I'd be happy to have a call with you and your mom to help you make the best decision! I'll DM you some contact info

    [email protected]505-480-6738
    The VillaRealty Group- Leslie Villareal545 Reviews
    WebsiteView Page
    0Reply
  • Andrew Alcala
    OP
    Member since 2019 · 2 posts · 2 votes
    1y

    Thanks for replying! Nob Hill is located just east of the University of New Mexico and is about 3 minutes from a near by Whole Foods. 

    0Reply
  • Collin HaysBusiness Member
    Property Manager · Gatlinburg, TN · Member since 2020 · 3k+ posts · 4k+ votes
    1y

    Are STRs allowed in Nob Hill?

    [email protected]806-672-7102
    SMOKY MOUNTAIN FALLS INC.51 Review
    WebsiteView Page
    0Reply
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