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Updated about 2 years ago on . Most recent reply

Ashley Tocco's profile image
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Ashley Tocco
  • Member since Apr 20, 2022
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Ashley Tocco's profile image
Ashley Tocco's profile image
Ashley Tocco
  • Member since Apr 20, 2022
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Ashley Tocco
7
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5
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Short-Term & Vacation Rental Discussions

New to real estate investing and looking for advice

Ashley Tocco
Posted

Hi!

I am new here and new to investing in real estate. I am interested in New Orleans for short term rentals but am out of state - we live in California - Curious if anyone has any insight into this market. Looking to possibly purchase in cash but also unsure if that is the best move. Any advice helps!

Ashley

New Orleans, Louisiana
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Braden Smith's profile image
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Braden Smith
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  • from New Orleans, LA
  • Member since Sep 17, 2012
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Braden Smith
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  • from New Orleans, LA
  • Member since Sep 17, 2012
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Braden Smith
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  • New Orleans, LA
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Braden Smith
  • Investor
  • New Orleans, LA
Replied

Good evening. I own both a real estate investment company and a real estate brokerage in New Orleans. Currently, the city of New Orleans has implemented a moratorium on all STR registrations and licenses for the time being.

See the following news articles for more info:  

New Orleans City Council passes total ban on new residential short-term rental permits

New Orleans City Council extends temporary ban on new residential short-term permits

See here for info from the city:  Current State of Residential Short Term Rentals (RSTRs)

  • Braden Smith
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