St. Paul, MN: The Saintly City
With 311,527 residents, St. Paul is the second-most populous city in Minnesota. It also serves as the state capital and the seat of Ramsey County. St. Paul is known to have a high concentration of higher education institutions. Colleges and universities located in the city include Saint Catherine University, Concordia University, Metropolitan State University, and Saint Paul College.
In terms of arts and culture, St. Paul does not disappoint. Notable attractions include the Landmark Center, Ordway Center for the Performing Arts, the Minnesota Museum of American Art, the Schubert Club Museum of Musical Instruments, and the University of Minnesota’s Goldstein Museum of Design. Nature-centered attractions include the Como Zoo and Conservatory, Indian Mounds Park, Highland Park, Lake Como, Rice Park, and the Wabasha Street Caves.
Additionally, St. Paul also hosts a number of events throughout the year. Perhaps the most well-known, though, is the Saint Paul Winter Carnival. Other points of interest include the Minnesota Children’s Museum, the Minnesota History Center, the James J. Hill House, the Science Museum of Minnesota, and the Alexander Ramsey House.
How Is St. Paul’s Rental Market?
When it comes to real estate, St. Paul boasts relatively affordable homes. The median home value in this city is $208,000, though there is still a fairly large renter population. In fact, 49.7% of the city’s residents rent their homes. This makes St. Paul an attractive place to invest in rental property.
Image via towncharts.com
Landlords have a chance to earn decent rental income in this Minnesota city, too. The average rent for an apartment here is $1,337, with a bulk of them falling between the $1,001 to $1,500 rental range. If that isn’t enough, Minnesota is a comparatively landlord-friendly state. There are no rent control laws, and the notice requirements for evictions are few and far between.
Image via rentcafe.com
How a St. Paul Property Management Company Can Help
St. Paul is attracting more and more property investors thanks to the state of its rental market. Buying property is one thing, but managing one is an entirely different ballgame. Rental property management comes with a world of responsibilities, including finding tenants, enforcing the lease, and collecting rent. It also involves careful maintenance and repairs. For many, the job simply isn’t worth the time.
Enter a St. Paul rental management company. With help from experienced professionals, you can ensure your rental property is always up to standard. What can a management company do for you?
- Advertise your listing
- Screen and process tenants
- Oversee property showings
- Set and collect rent
- Create a lease agreement
- Perform move-in, move-out, and routine inspections
- Enforce your lease terms
- Manage maintenance and repairs
- Respond to tenant complaints
- Manage your budget
- Help with tax calculations
- File evictions
Looking for Property Management in St. Paul?
Rental Choice should be your go-to resource for property management companies in St. Paul. We operate an online directory consisting of reliable companies in every city or state. Browse through our database and narrow down your search with ease today!