Benefits of Short-Term Rentals

The New Orleans area is visited by travelers from around the world. With its great culture, events, food and accommodations, New Orleans and its surrounding parishes make great residential investments.

Not not only is the area a great place to live, but it is a fantastic area to own a home and rent short-term. Short-term rentals are great for those that want to stay in places other than standard hotels. A property owner can rent their house, apartment, condo, townhome or event just a room for less than 30 days. This is a great way home owners can make extra money off of their investment.

There are many websites home owner’s can use to rent their short-term property., HomeAway, Airbnb are just to name a few. These sites maximize a homeowner’s exposure to those who are looking to short-term rent. These platforms are a great way for homeowners to connect to the customers.

“I’m trying to afford my mother an opportunity to live independent,” says Mel Leveque, a Bucktown resident. “We’re providing a service … [to] some people who drive here, who don’t fly. … They love being in the neighborhood where restaurants and stuff are. I think we help create revenue for the parish.”

Short-term rentals are not a scary thing for homeowners in any neighborhood or community. There are guidelines in many areas that help “balance rights of property owners who rent rooms for 30 or fewer days with the interests of nearby residents trying to preserve the residential character of the neighborhood.”

Gretna is a perfect example of a community that allows short-term rentals with specific guidelines to follow. Homeowners must hold a homestead exemption and live in the residence for at least six months out of the year, allow only one rental per house and no other part may be rented for more than 156 days within a year, have $500,000 of liability insurance, carbon monoxide detectors and fire extinguishers, impose a fee of $7.50 for each night of occupancy and obtain a $750 license.

For those homeowners that are looking for a unique way to maximize their investments, short-term rentals are the perfect opportunity.

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