Anyone familiar with Albuquerque STR Market?

[Sarah Vo]

Hi everyone! I'm new to STRs and am interested in Albuquerque. I've done some high level market analysis and have been looking at properties to purchase. I'm getting some mixed results when I expand the number of tools for analysis that I'm using... I know the tools aren't always 100% reliable due to bad data so I'm curious if anyone here as experience with STRs in Albuquerque.

It also seems like STR regulations aren't super strict at the moment - need to register for a permit and comply with various rules around occupancy limits, acknowledgements, etc - nothing too crazy. Am I missing something major? I had also seen a year or so ago that the community wanted to put more restrictions and require a local contact, and limit on number of permits , but haven't seen anything more stringent since that proposal failed.

If you can share your experience, I'd greatly appreciate it! Also in the process of finding a realtor, so if you have any referrals, please send 'em my way!