Property managers are intermediaries between landlords and tenants, exposing them to liability from both sides. Maintenance failures, security incidents, and fair housing violations can all lead to lawsuits. An LLC protects your personal assets and is often required by property owners before they will entrust you with managing their buildings. Farmington is home to ~3K businesses and has a population of 45K, making it a thriving market for property management. Forming your LLC in NM provides personal asset protection and positions your property management business for growth in the Farmington metro area.