How short-term rentals work in Minneapolis
The first step in Minneapolis is the city's permit or registration process; check the ordinance for the current fee. The status card above has the full detail on the current rules.
Minneapolis broadly permits short-term rentals. Expect to register and collect lodging tax, but there is real room for an investor STR strategy.
At the state level, Minnesota leaves short-term rental rules to cities and counties.
What it means for investors
Minneapolis is relatively open to short-term rentals, so an STR strategy is on the table. Run the numbers on a specific property, and compare it to a straight long-term rental to see which pencils better.