Monetizing a Mother-in-Law Apartment (Maybe)
Are Twin Cities homeowners renting out their homes and extra bedrooms on Airbnb?
Undoubtedly.
In their capacity as listing agent (representing the Seller), should Realtors be touting a home’s (short-term) rental potential?
I’m not so sure.
Municipal Zoning
That’s because I have no idea what local zoning codes say about weekly or even nightly rentals, and the last thing I’d want is to do is represent a permitted use that . . . isn’t.
Which is perhaps why, searching MLS’s single-family database, I only found three Twin Cities listings (out of tens of thousands) marketing the home’s airbnb potential (at least, spelling “Airbnb” the correct way 🙂 ).
P.S.: Other instances where prudent agents refer prospective Buyers to the appropriate city or county officials: whether a lot can be subdivided; how big a new home (or garage) can be, assuming the current one is a tear-down; and setback requirements for same.
See also, “3rd Floor Mother-in-Law Units (& Other Oxymorons).”
