All Forum Posts by: Braden Smith

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)

Check out this website with info on bond for deeds in LA:  Louisiana Bond For Deed Transactions

I second R.W. Krebs Professional Land Surveying, LLC

You can also try these:

Gilbert, Kelly & Couturie Inc.

KLS Group Inc.

Dading Marques & Associates LLC

Long term rentals always stay rented and rents are up by a good bit, but the hard part is finding something priced to where the property will actually cash flow since values/prices are way up also.

Short Term Rentals are very tricky in New Orleans. The city last updated the STR rules in December of 2019. Those rules state that you must have a homestead exemption in place to legally operate an STR, which basically means the owner lives on the premises. Properties that are zoned mixed-use or commercial can be an exception. But they just made some changes to the rules for commercially zoned properties that are much more restrictive from what I heard.

See the following links for more info:

Short Term Rentals

OWNING SHORT TERM RENTALS IN NEW ORLEANS

A Guide To Orleans Parish's New Short-Term Rental Rules

Here are a couple of recent news articles:

Weak enforcement of short-term rental rules could cost NOLA millions

New Orleans council wants more muscle in fight against illegal short-term rentals

Hi . Short Term Rentals are tricky in New Orleans. The city last updated the STR rules in December of 2019. Those rules state that you must have a homestead exemption in place to legally operate an STR, which basically means the owner lives on the premises. Properties that are zoned mixed-use or commercial can be an exception.

See the following links for more info:

Short Term Rentals

OWNING SHORT TERM RENTALS IN NEW ORLEANS

A Guide To Orleans Parish's New Short-Term Rental Rules

Here are a couple of recent news articles:

Weak enforcement of short-term rental rules could cost NOLA millions

New Orleans council wants more muscle in fight against illegal short-term rentals

A sandwich lease is when someone (likely you as the investor) leases a property (with option to purchase) from a seller, and laterally leases the property (with option to purchase) to another party. You being in between, or the meat of the “sandwich”.

See here for more info:  8 Tips for a Successful Lease Option Sandwich

I am both an investor and a licensed broker in New Orleans. I have a couple of clients looking for doubles now. There isn't much out there under 300k that is in a decent area. I just took a look on the MLS, there are 53 doubles/duplexes that are active listings, but they are pretty much all in sketchy areas. See map below:

 You're welcome. Happy to help if I can. Feel free to reach out anytime.

Hi @Darlene Booth-Bell.  I have dealt with many properties that have foundation issues, and my suggestion is to go with one of the bigger companies that have been around a long time. You do not want some fly by night company to do foundation work. You want a reputable company that has a good reputation and that will warranty their work.

My go to shoring company is Davie Shoring. They do a good job, have been around a long time, are reasonable with their pricing and they warranty their work. See here:  https://www.davieshoring.com/

My contact is Ian Wallace. 504-975-8009. Give him a call and tell him I referred you. Good luck! 

 My mistake then. I read it wrong. My apologies