Selling a rental property in Two Harbors, MN

Who handles the paperwork in Two Harbors

Two Harbors is the county seat of Lake County, so the courthouse and the county recorder are both in town. Lake County is smaller than St. Louis County next door, and the filings are handled locally.

What is different for a landlord here

Minnesota's landlord rules reach every Minnesota rental. After a sale the old owner hands each deposit to the new owner or returns it, by 60 days or when the buyer must account to the tenant, whichever comes first. The Duluth license is a Duluth rule and does not apply here. We did not verify what the city asks of a rental owner, so check with city hall. If the place is near the water, shoreland rules can limit what can be built or changed, and the county can tell you what applies.

The buildings and the tenants

Up the shore, a rental can be a seasonal cabin, a house in town, or a place with a private road, a well, and a septic system. If a listing would bring more and you can wait, we will tell you. An empty place through a winter is its own risk, since pipes freeze while taxes and insurance keep running.

What we would ask you

Send us the address, whether it is year-round or seasonal, who lives there if anyone, and how the water, heat, and road access work. A rough idea is fine for a first talk. We are based in Duluth, MN, and have no office in Two Harbors, so we start by phone. We are the buyer you deal with, we own rental property around here ourselves, and the person who calls you back decides the number. It comes in writing with the math explained, and you choose the closing date.

Keep reading

Back to the start page. Then read about selling with tenants in place, security deposits at the sale, and whether to sell at all. Asking what we would pay commits you to nothing.