All Forum Posts by: Corey Robert Leet

Hey Minnesota People,

My wife and I are looking at investing in a college rental property in Winona, MN (near WSU). Anyone have any experience in this market? I have researched the rental laws and talked to city officials, as I know there are some pretty strict rental laws. Also, does anyone know of a good real estate agent to work with in Winona for rental properties? Any information is greatly appreciated. We currently have a few SFH and one college rental in Duluth and are looking to expand our portfolio.

     Thanks,

        Corey

For my property in Duluth, the tenants are responsible for all utilities and lawn/snow care.  The yard isn't too large and I provide a lawnmower.  Regarding snow care, they aren't the best at keeping it up, but luckily I don't have a sidewalk in front of the home, so the city doesn't really care if they don't clean up the snow well.  It has a driveway and 1 car garage, but the tenants primarily park on the street.  

Thanks Craig.  I've had the student rental in Duluth for ~2.5 years and it has done well.  it is about 1.3 miles from campus, so not quite as close as I would like but it is on a bus line which makes it easy for students.  it is a 6 bedroom house that rents for about 2K monthly and I haven't had any issues finding tenants.  I am also looking for another in Duluth possibly, but it is harder to find something decent and close to campus.  Also, new rental laws in Duluth will only allow up to a 5 bedroom rental license.  Let me know if you have any other specific questions.  How does Superior do for you?  I know you can find some nice homes for pretty cheap there.

Hey Everyone,

I am new to this website, but from what I have found it is a great resource for investors, and a great networking opportunity. I currently have 3 SFR in the Twin Cities and one college rental in Duluth. I have found some interesting college rentals near St. Clould State University, but don't have any knowledge/experience with the St. Cloud rental rules or SCSU area. Any thoughts or advice on investing in larger (8-10 bedroom) rentals near SCSU would be greatly appreciated. I'm open to share any thoughts/experiences I have had with my limited number of rentals. Thanks.