Hello BP community.
I am a nurse in Baltimore MD and work with travel nurses from all over the country. I am a buy and hold investor here. Recently a nurse began speaking to me and I am considering buying her house in Metairie, LA. It's a detached 3/2 single family home that requires some cosmetic updating ~10k. I am here to ask the input of the community for information regarding this area such as, industry in the area, is this type of home sought out as a rental, does this community support STRs (AirBNB, VRBO etc.) as I've heard NO is enacting laws against STRs. Any info and all input is greatly appreciated. I will continue my research spending time reviewing city-data etc but nothing is better then hearing from investors in the area.
Thank you again!
Hi @Sean Monahan ,
I am both an investor and a licensed realtor in New Orleans, and I live in Metairie. Rentals are in high demand in the area, especially ones that have been updated as most of the housing stock in Metairie is dated.
Metairie is located in Jefferson Parish (Louisiana has parishes rather than counties). Jefferson Parish does not allow STRs except for some commercially and mixed use zoned properties.
See the following links for more info:
New Orleans (Orleans Parish) currently has a 9 month moratorium on any and all new STR licenses and they will not renew any licenses that expire during this time. The moratorium began in May of 2018. It looks like STRs will only be allowed with a homestead exemption in place. STRs are banned in the French Quarter, which is why there are many, many condos for sale there.
See the following for info on STRs in Orleans Parish:
If you have any questions that I can answer, please feel free to reach out.
Thank you so much for the detailed insight. I will reach out to you if we decide to move forward with this purchase. I appreciate all help as I know this would be a buy and hold.
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