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Updated about 1 year ago on . Most recent reply

Andrea Mugisha's profile image
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Andrea Mugisha
  • Member since Jan 5, 2024
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Andrea Mugisha
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Buying & Selling Real Estate

Newbie to real estate investing

Andrea Mugisha
Posted

Hello! In Minneapolis and St. Paul we have rent control 3%. Am I allowed to increase rent more than 3% when I buy the duplex? Thanks! 

Minneapolis, Minnesota
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Jeff Schemmel
  • Real Estate Agent
  • from Saint Paul, MN
  • Member since Dec 23, 2014
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Jeff Schemmel
  • Real Estate Agent
  • from Saint Paul, MN
  • Member since Dec 23, 2014
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Jeff Schemmel
  • Real Estate Agent
  • Saint Paul, MN
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Jeff Schemmel
  • Real Estate Agent
  • Saint Paul, MN
Replied

https://www.stpaul.gov/departments/safety-inspections/rent-buy-sell-property/rent-stabilization#:~:text=The%20Ordinance%20limits%20residential%20rent,a%20reasonable%20return%20on%20investment.

  • Jeff Schemmel
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