Word is there are folks in NOLA who are using a combination of AirBnB with the racket that is the Historic Tax Credits in NOLA to renovate crappy properties, business expense the hell out of the process and then avoid paying almost all hotel/motel/bed taxes in NOLA-a staple of their economy being tourism and all-by renting it strictly using VRBO/AirBnB/social media.

There are a few folks on this board who are becoming modern-day hotel tycoons down there, one AirBnB rental house at a time. Now...If you want to ask their neighbors the lesser evil of a dilapidated or run-down house in their hood versus a nice new renovated house in their hood that is rented out to an endless slew of short-term folks here to go out and get blitzed at least a few times while they're here and come in at all hours...I'm not sure how they'd answer.

I'm sure its not that bad, but it's definitely a brave new world. New Orleans' tax base is being impacted by the loss of hotel-related taxes brought about by this...and the taxes they're losing out on with the Historic reno stuff I'm not sure of.

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Posted by NOFOX

New Orleans

Member since Jan 2014

9957 posts

Posted on 6/9/17 at 9:54 am to GFunk

I would not buy a property based on the idea that short term rentals will always be easy profit. Orleans Parish is going to continuously try to up the regulation/taxation of short term rentals as it is a largely untapped revenue stream for the city.

This post was edited on 6/9/17 at 9:55 am

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Posted by kc8876

Member since May 2012

2956 posts

Posted on 6/9/17 at 12:20 pm to GFunk

It's completely regulated now. They have the new rules set up and airbnb is providing the city with who's doing what. The taxes are paid for you through airbnb, it's not the Wild Wild West anymore. Have to get licensed and follow the guidelines

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