Duluth, Minnesota

[Francis A.]

Hello,

Happy New Year to you all!

I see there are quite a few investors on this forum from Duluth, MN.

I'm looking to see who the best property managers are locally ahead of my visit there later this year. While vacationing, I drove through Duluth on my way to the boundary waters a few years ago and really liked what I saw. 

I'm wondering how the University impacts the rental market there especially since students are almost 1/10th of the cities population. Pros and Cons if anyone knows. 

As of now, I don't see that many multi family units that come to market but I could be wrong.  If anyone has done business with a realtor in the multi family arena, I'd appreciate a name also.  

Thanks so much in advance!!

[Seth M.]

Hi Francis, we have two rentals near the Universities in Duluth. Messina property management has been great for us. We purchased both through Mike Messina (Messina Realty) and immediately placed both in the hands of their management company. Professional and great communicators from our experience.

Rental licenses are expensive in the city limits, around $2,500 for a student rental, a bit less for a single family. Details, exact pricing, and renewal duration can be found on the St. Louis County website.