Your experience as an AirBNB / VRBO owner?

Wrong - they tightened the rules but didn't ban. Thankfully, we live on block with only about 8 houses, none of which have a unit with a short-term rental.

Get a bed bug contract

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Especially people coming down to New Orleans.

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Huh?

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Uh, New Orleans tourists aren't exactly the most genteel crowd. It aint people going to Augusta for the Masters. I'll bet it would be a pain to deal with.

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This is a stereotype. Having had over 2000 rentals, the majority of New Orleans rentals are older people here for conventions, cruises and general vacation. It’s very easy to structure your price where you’re not getting bachelor and bachelorette parties if you don’t want them. The only time I’ve had issues with the crowd was during Covid and people were booking them for parties. Those were locals, not tourist.

I'm not a current owner but I heavily investigated this, and most people have found that airbnb is preferable if you don't mind the constant churn-- always prepping for the next stay, answering the same dumb questions.

The money is usually significantly more, and you are more protected from bad tenants as it's dramatically easier to kick out an overstaying hotel guest than a residential squatter.

Sounds like you have a prime setup and could attract some nice guests; as long as you can get that STR license this should be your first route.

As said you need to understand the NOLA rules well.

To clarify OP, the home you bought you are going to live in it? Then you are going to rent out the rental unit attached to it? Is that correct?

You need to go king bed minimum. No questions asked on that, no one wants a smaller bed. It’s a place to crash it sounds like, to sleep well. Start with a good bed and go from there.

You want to think about the groups you’d get. A couple, 2 couples, a small family, etc. and cater to as many of those as possible but with a concentration on one. For example, you can’t have a nursery for a little kid and try to rent to 2 young couples. Be realistic about who would pay for what you are asking. If it’s a long walk, don’t cater to a family with little kids.

For myself, the VRBO platform and business model sucked so we just do Airbnb. Airbnb is just simple once you get your listing set up. We might be losing a few customers but I really don't care. You can wash lots of purchases if you are creative.

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I've never done either, but I heard alot of people where switching to airbnb from VRBO due to not liking VRBO for various reasons. Scheduling/fees, etc.

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matches my experience on the consumer end. recently booked a rental in dfw area. tons more options on airbnb vs vrbo.

I got out after two years because local regulations tightened and my HOA started sending warnings. It was fine while it lasted, but dealing with entitled guests who expected 4 star hotel near orchard service while paying bargain prices got old fast. Cleaning crews flaked a few times, and that alone can tank your rating. Maybe it works in tourist-heavy spots, but for me, long term rentals were way less stress.