5 Tips For Renting Out Your New Orleans Real Estate

tips for landlords in new orleans

With the rapid increase in New Orleans rents, it’s worth taking the time to do it right as a landlord to protect your interests in your investment property.

5 Tips for Landlords in New Orleans

  1. Be sure all maintenance has been completed before leasing the property. It makes it easier to find good tenants when your property is in great condition.
  2. Don’t skimp on photos just because it’s a rental. The better the photos you use in advertising your rental, the more qualified applicants you’ll have to choose from.
  3. Have a screening process in place to verify income, get credit and background checks, and previous landlord references, but don’t violate fair housing laws.
  4. Update your lease to include any changes necessary to protect yourself, including any behaviors that result in eviction of a tenant. If it’s not in writing, it’s not enforceable.
  5. Establish a bank account to track expenses and income from the property. While we don’t provide tax advice, it’s always a good accounting procedure to keep income property funds in a separate account that details all income and expenses.

 

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