In Minneapolis, MN, can investors register accessory dwelling units (ADU), duplexes, and multifamily homes as Vacation Rentals?

Yes, this is a possibility. Properties with additional accessory dwelling units can rent out the extra space as a Airbnb vacation rental in Minneapolis; however, you can still only own one additional vacation rental property on top of your own home dwelling. It’s also worth noting that short-term and regular rentals must be registered separately.

Source: https://www.theduplexdoctors.com/blog/granny-flats-minneapolis

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What is Minneapolis’s requirement for obtaining a Vacation Rental License?

In order to obtain a vacation rental license, you will need to complete the application form, which includes your personal information and information about the property. You will also need to complete a management plan, create and send a neighbor notification letter, and fill out the pre-inspection property checklist. You may also need to provide a sample floor plan.

Sources: https://www2.minneapolismn.gov/business-services/licenses-permits-inspections/rental-licenses/short-term-rentals/

https://www2.minneapolismn.gov/media/content-assets/www2-documents/business/STR—Short-Term-Rental-Packet.pdf

What are the costs associated with a Vacation Rental License in (Minneapolis, MN)?

Obtaining a vacation rental license costs approximately $50. However, additional expenses may also be required, such as $1000 for a property conversion inspection if the property was previously owner-occupied. There may also be supplemental fees and administrative fees, among others.

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Source: https://www2.minneapolismn.gov/business-services/licenses-permits-inspections/rental-licenses/fees/

Does Minneapolis, MN have Vacation rental occupancy limits?

Yes. No more than ten people can stay in a Minneapolis short-term (Airbnb) rental at any one time, irrelevant of the size of the property itself. For multi-unit properties, no more than 10% of units can also be used as an STR.

Sources: https://www.startribune.com/minneapolis-cap-on-short-term-rentals-upsets-operators-developers/600013349/
https://www2.minneapolismn.gov/business-services/licenses-permits-inspections/rental-licenses/short-term-rentals/

Does Minneapolis require an inspection for investors to obtain an STR license? What are the physical and structural requirements for a vacation rental?

Yes, an inspection is required as part of the STR application process. The requirements for a short-term (Airbnb) rental are numerous and can be found as part of the Short Term Rental pack; however, some of the key physical and structural requirements include (but are not limited to):

Structurally sound foundation, roofing, and walls
Weather-protected wood surfaces
Weathertight siding and walls
A leak-free roof without missing shingles
Debris-free guttering
Securely attached stairs with graspable handrails for safety
Well-maintained fences
Managed yard areas and green spaces
No commercial vehicle parking

Source: https://www2.minneapolismn.gov/media/content-assets/www2-documents/business/STR—Short-Term-Rental-Packet.pdf

Does Minneapolis, MN have any responsible agent requirements?

Yes. Suppose a property is being managed by a responsible agent rather than the owner directly. In that case, this information must be provided by the director or owner at the time of registering the short-term rental. They must provide readily available information regarding the rental’s registration number, emergency contact information, street address, floor plans, information regarding the city’s C11, and the like.

Source: https://li m s.minneapolismn.gov/Download/FileV2/22877/Short-Term-Rentals-Title-12-Ordinance.pdf

Does Minneapolis have specific insurance requirements for a Vacation Rental?

Yes, there are some specific insurance requirements you’ll need to meet. Vacation rental properties in Minneapolis require liability insurance that covers the usage of the rental property, totaling no less than $300,000. Alternatively, coverage can be made with a dedicated short-term (Airbnb) rental platform on a per-transaction basis, providing that the plan offers equal or greater coverage.

Source: https://www.proper.insure/airbnb-laws-minnesota/#AirbnbLawsforMinneapolis

What are the duration and renewal terms of a Minneapolis Vacation Rental license?

License fees are due annually. However, annual license fees for renewals between September 1^st and the end of February are discounted by 50%.

Source: https://www2.minneapolismn.gov/business-services/licenses-permits-inspections/rental-licenses/fees/

In Minneapolis, do Airbnb and VRBO remit taxes on the host’s behalf? Are there any taxes that the host must track and pay directly to Minneapolis?

Yes, you may still have to pay some taxes directly to Minneapolis as an AirBnB host. While guests pay Minnesota Sales Tax and Local taxes directly through their reservations, hosts are responsible for other tax obligations.

Source: https://www.airbnb.co.uk/help/article/2311?_set_bev_on_new_domain=1679015241_NGVhNzhjNjNjY2Zk

Who should I contact if I have questions regarding Minneapolis Vacation Rentals?

If you have any questions about your vacation rental, you may want to contact:

Inspection Services Division on 612-673-3000
Minneapolis 311 on 311

Are there any new laws and regulations that the city is requiring?

Minneapolis integrated several new regulations in 2021/2022 relating to the management of short-term rental properties, such as needing to apply for a license and list all registration numbers on any adverts and the like.

Source: https://www.proper.insure/airbnb-laws-minnesota/