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Anyone with experience with short term rentals in Metairie/Jefferson parish?
Posted on 8/8/17 at 10:05 pm
Posted on 8/8/17 at 10:05 pm
Is there a viable market outside of New Orleans for this? How much occupancy and interest in the property can be expected?
3
Posted on 8/9/17 at 8:52 pm to Bonjourno
Considering that they just blew up the whole black market in NOLA, I'm pretty interested in this as well.
Posted on 8/9/17 at 10:06 pm to hombreman9
What happened to the NOLA market?
Posted on 8/10/17 at 7:36 am to Bonjourno
There's always a market for 1-6 month leases also, divorces, separations, short term jobs, traveling nurses, moving, selling a house, new business opening with training, etc. I don't know how much that market would be, but if a year long lease is $1200/ month you may be able to get $1500/ month for 2-3 months at a time.
Be very careful of doing this somewhere its allowed and won't piss off neighbors, many HOAs dont allow short term tenants and grumpy neighbors will complain instantly.
Be very careful of doing this somewhere its allowed and won't piss off neighbors, many HOAs dont allow short term tenants and grumpy neighbors will complain instantly.
This post was edited on 8/10/17 at 7:37 am
Posted on 8/10/17 at 7:40 am to matthew25
Permits and notices of infractions I'm guessing.
aka, the crackdown on fun loving free folk
aka, the crackdown on fun loving free folk
Posted on 8/10/17 at 9:55 am to Bonjourno
I just noticed that a sketchy apartment building on river road in Jefferson near Ochsner recently was renovated....it now has an AirBnB sign out front. I'm guessing it's attracting hospital patients and/or others who are drawn by the hospital.
Posted on 8/10/17 at 9:58 am to matthew25
quote:
What happened to the NOLA market?
Short term rentals in big cities will often bring in more rent than a long term tenant would, therefore they increase property values, increase rental rates, and drive long term tenants out of the area. So cities, New Orleans is certainly not alone, are figuring out ways to crack down on it. New Orleans set certain areas that they are allowed, which honestly I don't think is a bad way. London for example, allows short term for only 3 months a year. Which is absurd because it makes it almost impossible to do consistently. They should be regulating it, not killing it.
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