Short term rental in Minneapolis (Linden Hills neighborhood)
Looking to purchase house in Minneapolis (Linden Hills neighborhood) for short term rental(VRBO/AirB&B). Does anyone have experience with this? Here are a few questions I'm struggling with:
- Do I need any type of rental license.From this link it sounds like you should but curious how hard and fast this rule is? https://www.airbnb.com/help/article/948/minneapolis--mn
- I've accounted for expenses such as insurance, taxes, Cap Ex, maintenance,utilities, cable, internet, lawn/snow removal, 3% of rent back to AirB&B.Any expense I'm missing?
- While running numbers I'm estimating having unit rented on average 15 days per month. Does this sound reasonable?I'm assuming summer months higher traffic than winter.
- Any suggestions on handyman or cleaning service?
- Any other ideas/suggestions?
Thanks for help all!
-Charlie