According to New Mexico regulations, property management includes tasks such as:

Property management tasks encompass a variety of responsibilities that are crucial for maintaining the operation and management of rental properties. Preparing leases and managing tenant relations is a core function of property management in New Mexico, as it involves legal documentation and the maintenance of positive relationships between landlords and tenants. This aspect of property management ensures that lease agreements are in compliance with state laws, clearly outlines the rights and responsibilities of both parties, and addresses tenant concerns effectively.

This role fosters a structured environment where tenants feel supported and landlords can ensure their property is being utilized effectively, ultimately contributing to a successful rental operation. The specific duties related to tenant relations include addressing inquiries, handling disputes, and facilitating the renewal or termination of leases, all of which are essential for smooth property management.

While conducting property inspections, advertising properties for sale, and obtaining building permits are all important activities in real estate, they do not fall under the primary responsibilities typically associated with property management. Inspections relate more to maintenance and safety checks rather than the day-to-day interactions with tenants. Advertising properties involves marketing strategies, while obtaining building permits is a regulatory step prior to construction or renovation activities, which are distinct from property management itself.