Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Sun West Mortgage Corporation)

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Rainmaker
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Wow.  I've never heard of this for a whole city.  I know some condo complexes out here are forced by the city to have a certain (70%) owner occupancy rate.  I wouldn't want to buy a home in a city where I couldn't rent it out if I wanted to (or have full "enjoyment" of my home).

Mar 17, 2016 02:17 PM
Rainmaker
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Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Wow. I can appreciate some restrictions or controls, especially for short term rentals. We are a resort community and permanent residents find the "partiers" that rent for spring break week can be a real nuisance. But in general IMO freedom to rent should be protected.

Mar 17, 2016 06:48 PM
Rainmaker
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BILL CHERRY
Bill Cherry, Realtor - Dallas, TX
Broker & Wealth Coach

A license to rent or sell real estate that belongs to you does not require a license in Texas.  Further, if you are an employee of a leasing company, in most instances you do not have to have a license.

I'm OK with the first part.  I'm not OK with the second part.

Mar 17, 2016 11:40 AM
Rainmaker
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

HERE IS THE FULL FOX ARTICLE, Caroline Gerardo you're missing a few characters in your link.

Is this right? Wellll . . . did he know there were deed restrictions? Were there deed restrictions? It reads like the City invoked police power to make a law without the process. That's pretty bad. But if there were already restrictions in place when he bought the house . . . sigh. Still. Fighting for our country and this. Sucks bad.

And the Supreme Court called it moot since he lost his house? Oh, good use of THAT judicial body.

At any rate, this is why God Bless Arizona. We don't like that kind of stuff. I suppose that's why people from states like MN flock to us like snowbirds to casino buffets . . . can't blame them.

Mar 17, 2016 09:57 AM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Caroline,

Interesting post.  Surely there is someone from MN like Suzanne McLaughlin who will give us the scoop.  A

Mar 17, 2016 09:35 AM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I cannot think of any city in our area prohibiting any homeowner to rent out their home.

Mar 18, 2016 11:35 PM
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Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      There is a lot of news about this right now.  This comes down to a Constitutional issue of Private Property Rights. 

Mar 18, 2016 12:25 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Way too much government control, when will it end.

Mar 18, 2016 08:13 AM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I live a ways from there but had not heard of this.  I do know many towns and cities do have some requirements. 

Being a college town I can see that there may be some restrictions in numbers

Mar 18, 2016 06:53 AM
Rainmaker
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Susan Laxson CRS
Palm Properties - La Quinta, CA
Local Knowledge & Global Network

That will be interesting to see what happens... can't even imagine that restriction.

Mar 18, 2016 12:49 AM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for this interesting information.

Mar 18, 2016 12:02 AM
Rainmaker
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

parked and reading

Mar 17, 2016 11:46 PM
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Caroline Gerardo I never heard of this. A State regulating how many homeowners can rent their property and needing a license on thop of it.

Mar 17, 2016 11:27 PM
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Here in NH you do not need a license to rent your own home, but need one to rent some one elses

Mar 17, 2016 10:43 PM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

Why would you need a license to sell or rent your own property?

Mar 17, 2016 10:23 PM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

no idea.

Mar 17, 2016 10:03 PM
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Interesting.  Thank you for bringing this to our attention.  

Mar 17, 2016 07:09 PM
Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Caroline. I don't even see how that would be legal. If a city attempting to enforce that law, I just don't see how it could be enforced.

Mar 17, 2016 06:53 PM
Rainmaker
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Debra Leisek
Bay Realty,Inc Homer Alaska - Homer, AK

I have never heard of such a thing... I would think NAR and Realtors on MN would be fighting this... what about the rights of private property owners? wow!

Mar 17, 2016 05:15 PM
Rainmaker
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Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

I think that it probably creates a disadvantage for many unsuspecting tenants.

Mar 17, 2016 02:49 PM
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

When you own a home, no unnecessary restrictions on how you use it is not a good thing.

Mar 17, 2016 11:20 AM
Rainmaker
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LuxurySoCalRealty Compass San Diego
Compass - La Jolla, CA
San Diego Partner - The Private Client Network

Great answer Joan!

Mar 17, 2016 11:07 AM
Rainmaker
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Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

This has been in effect for a few years.  Winona is a 2 college town and is trying to keep home values up.  A couple of cities around the Twin Cities tried to do this also.

La Crosse has a bad problem with neighborhoods that are going down hill.  La Crosse has about 50% of their homes as rentals.  The city toyed with the idea of doing the same thing, but the landlord block is strong here.  Instead all rentals have to be registered and inspected yearly.  If they pass inspection in successive years, they only have to be inspected every couple of years.

In a way, I think the scarcity of rentals in Winona has driven up the prices of the rentals. 

Mar 17, 2016 10:30 AM
Rainmaker
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Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Sorry, I am not familiar with MN laws.  Ron and Alexandra Seigel gave you name who may be able to weigh in.

Mar 17, 2016 10:03 AM