Albuquerque
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
Deposits-Can I charge for my labor vs paying a company?
Just curious what laws are in N.M. relating to security deposits. Basically I just want to know if I need to do a repair or clean up and I get a few quotes for what needs to be done but I do it myself can I deduct my labor so it’s similar or less than what I would be charged if I paid someone else to do it as long as it is in line with the quotes I received? My reading on the forums here alerted me to the fact that this is illegal in some states and I want to make sure I’m not doing anything I should not.
I do understand I cannot deduct normal wear and tear and do not plan to do so.
*yard clean up when the tenant was required to do so by the lease but didn’t do any -so many leaves....
*repairing holes in drywall and painting (not from nails but larger ones)
*Removing blinds the tenant broke and replacing with new ones
*Heavy cleaning where they did no cleaning at move out and didn’t apparently clean at all while they lived there
I also understand that I need to provide an itemized list of repairs/costs and have 30 days to return it.
Thank you