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Rental Basics in Louisiana : Real Estate Advice

  • All118
  • Local Info5
  • Home Buying63
  • Home Selling11
  • Market Conditions3

Activity 31
Wed May 3, 2017
Mary answered:
Hi,

I have emailed you regarding this concern.

Thank you for using Trulia!

Mary
Consumer Care Advocate
0 votes 1 answer Share Flag
Mon Oct 31, 2016
Peter asked:
Mon May 4, 2015
Beau Maginnis answered:
Hi Victoria,

You can list your apartment for rent in several ways...

1. Hire a local Realtor. Depending on the agent you use, they will generally put the home in MLS for other agents to see, place signage on the property, recommend a rent price that is in-line with the market, and give you advice for how to best position your apartment for renting. Depending on the Brokerage you hire, they generally charge the 1st month's rent as compensation. This rent is used to cover the cost of screening applicants and paying the commission to the agents involved in the transaction. The Brokerage you hire might also offer Property Management services so you don't have to worry about maintenance calls or collecting rent.

2. Use local For Rent websites that cater to your area. FRBO.COM (for rent by owner) is one of many examples. You can also use sites like Trulia and Zillow to post For Rents.

3. Stick a sign in the yard! You'd be surprised how many leads come from a simple drive-by.
... more
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Sun Nov 9, 2014
John Westrich answered:
I have never seen a lease to buy work. The problem with this arrangement in a nutshell is no one can predict the market a year down the line and someone in the transaction buyer or seller is going to be making a bad deal. No one can predict market conditions and interest rates and all the other factors that go into it. This is a set up for bad feelings on one side or the other. ... more
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Thu Jul 17, 2014
Annette Lawrence answered:
If you can not lead the police to the front door of the person taking your money, you should keep your money in your pocket.

The best pathway to success is working with professionals. ... more
0 votes 7 answers Share Flag
Mon Jan 20, 2014
Kelli Bristol answered:
Using a real estate agent is a great way to go if you want to rent a home in New Orleans. Most landlords here however do not rent their places more than 30 days prior to the move-in date and June is going to be a very tough time to find a rental here.

I advise working with an agent AND keeping an eye on Craigslist. When you see something that will work, don't hesitate in giving an application and putting down your deposit. Prepare to spend at least $1 per square foot and $2 per square foot in higher demand areas.

Finally, don't rent a place sight unseen. There is a LOT of variation in the quality of the rentals here so you'll want to see the place for yourself. Also keep in mind that the laws are not tenant friendly here so if the apartment/house you see looks neglected, don't expect that the landlord is suddenly going to start fixing stuff when you move in. You won't have any rights for getting repairs made, your deposit will be on the line and you will be on the hook for the term of the lease you sign.

Finally, think about buying, rather than renting in this tough rental market. There are many people who do well by purchasing a "double" and offset their payments with the rental income they receive on the rental half. If you have the stomach for being a landlord, you will end up paying 1/2 what you'd pay for rent AND you'll save money on your taxes while contributing to your overall wealth. Late March or April would be a great time to being searching for a home to buy but beware, the real estate market is heating up.

I hope that helped.

Kelli Bristol
504-952-5628
KelliBristol@yahoo.com
Licensed Real Estate Broker
... more
0 votes 4 answers Share Flag
Wed Nov 13, 2013
lovingpatch answered:
HI, I am also relocating from the Dallas area and am having quite the time trying to find a home to rent as well. I am moving there for my job. Houses to rent, nice safe homes in safe areas are few and far between as far as i can tell. Did you have any luck finding a place? I am wanting West Monroe area or Garden District. Can someone out there help me? Thank you,Dan ... more
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Sat Jun 1, 2013
Tina Lam answered:
Since principal repayment isn't an expense, there's no off-set to your rental income for taxes. You should discuss with a CPA to understand all viable options.
0 votes 1 answer Share Flag
Fri May 31, 2013
Nena Tolbert asked:
Fri Mar 29, 2013
Michael Cheng answered:
As a landlord, you get to expense much more than just the mortgage interest as a home owner. This can offset your other taxable income.
0 votes 2 answers Share Flag
Wed Mar 6, 2013
Trulia Fort Lauderdale asked:
Fri Feb 8, 2013
Gina Muphy answered:
Start look a month in advance it all depends on the area and if you have pets also makes it a bit harder. Find you budget first , what you need in a apartment, and then your area of interest. ... more
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Thu Jun 28, 2012
Rich Homer answered:
Find a Realtor right away in your proposed zip code. You can search "Find a Pro" in the header of this website. From your friends at http://www.naplesrealestateguys.com/
0 votes 1 answer Share Flag
Sat Jun 16, 2012
Browser answered:
There are a ton of helpful sites that can assist you with your apartment searching needs including the one we are on right now. I have included a list below:

http://www.housingblock.com
http://www.forrent.com
http://www.rent.com
http://www.craigslist.com
http://www.apartmentguide.com

Cheers
... more
0 votes 3 answers Share Flag
Fri May 25, 2012
Muriel Palmgren answered:
All fees are negotiable. Call me on my cell and we'll discuss your needs. I'll be glad to help you!

Thanks, Muriel Palmgren, Realtor at Gardner, Realtor, 525 Metairie Rd. Metairie, La 70005
Cell:504 583-8306; Office : 504 889-7777. Licensed in Louisiana
... more
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