Revealed: How much you'll pay St. Paul to rent out your home via Airbnb

The city, like Minneapolis, now has fees and rules for renters.
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Anyone in Minneapolis or St. Paul that wants to rent out their home on Airbnb will have to pay up.

St. Paul on Wednesday approved new rules for short-term rental services (like Airbnb or VRBO), with the city council voting 6-1 in favor of the new regulations. (You can see the minutes from the meeting here.)

St. Paul's thumbs up comes just a week after Minneapolis OK'd its own short-term rental rules.

So what do you need to know?

It'll be $40 a year if you're a St. Paul property owner and want to rent out your house (or a room in it) on a site such as Airbnb. 

In Minneapolis it's $46 if you move out while a guest stays, but costs nothing if you're just letting someone stay in a room while you're there.

Meanwhile, actual rental businesses will also need to pay up.

Short-term rental companies that want to operate in St. Paul (such as Airbnb and VRBO) will need to get a $10,000 license every year, according to council documents

Minneapolis' fees for businesses vary, from $630 for a smaller company to $5,000 for a large one.

Other things to be aware of

Both cities are piecing these short-term rental regulations together for the first time ahead of Super Bowl LII. The big game at U.S. Bank Stadium is expected to bring a surge of visitors looking to sites like Airbnb for a place to stay.

In St. Paul, there are a number of other rules about exactly how many spaces people can rent out, as well as inspection and parking requirements that will need to be met – the Pioneer Press has more details here

Minneapolis' new rules include a controversial stipulation that would require short-term operators to give renter information to the city, without the renter's consent. It would identify the names of the homeowner, as well as their address and the dates renters are staying. 

Airbnb has suggested it could sue. The company made a similar comment following St. Paul's approval, MPR reports, describing the new rules as restrictive.

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