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Rentals in 55431 : Real Estate Advice

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  • Local Info2
  • Home Buying1
  • Home Selling1
  • Market Conditions1

Activity 10
Tue Jul 19, 2016
Chase Lenz answered:
How bad? Explain what happened.
Tell them you willing to put down extra in a damage deposit.
Provide prior rental references that will have good things to say about you.
Have pay stubs that shows well above what they are looking for in minimum income guidelines. ... more
0 votes 14 answers Share Flag
Wed Mar 27, 2013
Mark Claessens e-Pro NHSS answered:
Dear Christopher,

I help a LOT of tenants get into rentals. And your request is something I see every day. I need to get you up to speed.

Just to be fair, I just ran a search for you for 3 bedrooms or more. And I am letting you know I am covering the entire 13 counties and surrounding area. Here goes.....

One in Ellsworth, WI for $1100.......one in Hutchinson, MN for $1000......one in Richmond, MN for $1025......one in St. Michael, MN for $1095.......and one in St. Paul for $1095. That is it.

Seriously, the going "normal" rate for a 2-3 BR home or townhome right now, or even half of a duplex, is about $1300 a month.

Then I checked on duplexes, which I did not have in there before, and I found 3 more options. There is an upper and a lower duplex in Mora, MN for $850 and $895 respectively. And another up/down duplex in Dayton's Bluff (St. Paul) for $1000. That one does not give me even a clue if it is the UP or the DOWN.

If I raise the price to $1200 I got a couple more, one being in Edina. If I go to $1300 there are a couple more.

I would be glad to help you with this. But you need to understand the market and be very realistic.

Please feel free to give me a call. Just click on my website below and shoot me an email or give me a call. I don' t bite....and just so you are aware, you don't pay me anything for my assistance.

Have a good evening,

Mark
... more
0 votes 2 answers Share Flag
Mon Jul 29, 2013
Chase Lenz answered:
1 months rent is my standard commission.
Call me and we can negotiate a discount based on your situation.

Chase Lenz
612-819-4474
chase@sp-realestate.com
0 votes 5 answers Share Flag
Thu Mar 21, 2013
Claire Bastien Sales Associate answered:
It's a little early for homes to be listed for rent in June, but check out my rental listings on my website.

Also you can keep an eye out on Craiglist, but you'll probably not find much right now for that time frame.

claire@breg-tc.com
www.FindYourMinnesotaHome.com
... more
0 votes 3 answers Share Flag
Thu Jul 9, 2015
Josh Lund answered:
Hello Aspizale,
Good morning.
Are you still renting? Are you in the market to buy a home? If so, I would love to see if we can help you out. We work with 1st time home buyers all the time. Do you have a realtor yet? If not we have preferred ones we can get you in contact with. I would like to see if I can help you out with a home mortgage. I will try and make this a very easy process. Please let me know how to help out.
Thanks much.
Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
jlund@goldstarfinancial.com
... more
0 votes 1 answer Share Flag
Mon Mar 25, 2013
Mark Claessens e-Pro NHSS answered:
Hi there, Taylor.....

I just ran a complete report on the entire MLS for Minneapolis and St. Paul and I am sorry to report that there are zero under $1000, zero under $1100, and I did finally find ONE at $1200 a month in St. Paul. The next one is at $1250 in St. Paul. The next is at $1375 is in St. Paul. They only go up from there.

Sorry, but this a very strong market for landlords. 2 years ago where they once hoped for $1000 per unit, they can now get $1500.

If you would like any more assistance, please let me know. We can always get outside of Minneapolis or St. Paul and move out to the suburbs.

I decided to do a little broader search. And just so you know, I did find 28 rentals all across the 13 county metro area that were $1000 or under. There were only 3 single family homes. The vast majority are either condos or apartments. So the whole idea of a fenced yard and your boxer? I think you have maybe three options. One is in Buffalo Lake (50 miles west of the cities), one is in Northfield (25 miles south of the cities), and one little tinly little house in Wayzata. But here is a warning: it is only 258 square feet! that is the size of a standard size fish house.

If there is anything else I can do to help, just go to my webiste below and shoot me an email or call me.

Mark
... more
0 votes 2 answers Share Flag
Wed Feb 27, 2013
Lisa Handley answered:
Samantha,

Are you looking at renting or buying? Give me a call 612-390-6520 and I would love to see if I can help you out.

Lisa Handley
ReMax Advantage Plus
0 votes 2 answers Share Flag
Tue Jul 28, 2015
Elizabeth Fuller answered:
Minneapolis has a fairly tight rental market, with many people loooking for rentals. You should find a realtor who can help you use the MLS rentals and also find other sources for you. Your realtor will save you time and help you find the right rental. Credit is important; ability to pay and the prospects for your job lasting are all factors that may be assessed. Finding a rental where pets are allowed, the number of pets (2) and other needs will make a difference, but your realtor will present you and negotiate for you, find people who will be willing to work with you on making their rental and your needs work for both owner and renter. Liz, 612-986-4105 ... more
0 votes 9 answers Share Flag
Tue May 31, 2011
Brad Anderson answered:
Without an address, or seeing the property it is hard to say for sure. A range would be $1000-$1600. Renters are typically required to pay all utilities.
0 votes 2 answers Share Flag
Sun Nov 1, 2009
Steele V. Propp answered:
In theory the lender may have a cause of action to receive the rent checks but in reality I have never seen this option done. You would need to read the mortgage itself for the language pertaining to this.

In all cases I have seen (and I have been involved in literally hundreds of foreclosures over the past 18 years) as long as the landlord is still the legal owner of the property, they collect the rent.

Not an attorney and this is not legal advice.

Steele V. Propp
Certified Distressed Property Expert
... more
0 votes 2 answers Share Flag
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