New ordinance being created in Minneapolis MN

[Brian R.]

I don't have, and won't buy anything in Minneapolis or Saint Paul, but a lot of people do.  I just read this from the KSTP news website:

https://kstp.com/news/proposed-changes-to-minneapo...

[Matt Higgins]

I have a couple in n Minneapolis and I am thinking about maybe selling over this.  If anyone is interested in section 8 approved property with a current rental license.........It really is a lot of hoops to jump to make a dollar in n Minneapolis.

I had a property that had been a rental for years.  This year a new inspector comes and “thinks” that there might not be enough beams in the basement.  He orders that I get a structural engineering report done.  1500$ later the engineer thinks it’s fine, but in his report it recommended that  the beam could be replaced because the paint was cracking.  If you want to do that you have to get a permit and go through that process.  All said in done over 3k worth of unnecessary work that added no value to my property.  This is only one of the 10 things he flagged.

Section 8 annual inspection, city annual inspection, and now I can’t screen my tenants?  It’s too much. 

 They say that they want to create more affordable housing and apparently their strategy is to raise the cost of providing housing?   

Renting to felons and people that don’t pay rent is yet another cost to the landlord.