Should You Rent Out Your House When You Move in South Louisiana? | RE: Real Estate Podcast

Should You Rent Out Your House When You Move in South Louisiana? | RE: Real Estate Podcast Episode Number 99 Content Type Discussion Primary Goal Listeners can run the real numbers, fixed costs, variable costs, and CapEx reserves, so they can decide with real information whether to rent out or sell the home they're moving out of. Keywords south louisiana real estate podcast, rent vs sell house, landlord insurance louisiana, houma thibodaux real estate, capital gains home sale Summary Ben Harang and Clint Galliano break down what actually happens when you keep a house you're moving out of and rent it instead of selling it. They walk through the real cash flow math, fixed costs, variable costs, and CapEx reserves that the rent-minus-mortgage napkin math always misses, plus the insurance, lease, and Louisiana-specific legal pitfalls that catch first-time landlords off guard. They close with the tax clock on the two-of-five-year capital gains exclusion and a simple framework for deciding whether to keep renting or sell. Key Topics •  Why rent minus mortgage payment isn't real cash flow•  The three cost buckets: fixed costs, variable costs, and CapEx reserves•  Why a generic online lease is risky in Louisiana, and the security deposit statute•  Homeowner's vs. landlord insurance, and why a claim can get denied•  The two-of-five-year capital gains tax clock on selling a rental•  A three-question framework for deciding to keep or sell Title Options •  What Renting Out Your House Really Costs in South Louisiana | RE: Real Estate Podcast•  Sell or Rent? The Three Questions to Ask Before You Move | RE: Real Estate Podcast Sound Bites “Rent minus mortgage payment does not equal cash flow.” “Your homeowner's policy is not a landlord policy.” “The equity sitting in the house isn't resting – it's deployed.” “Do you want to own this house on purpose?” “Both calls are short and both of them change the math.” Chapters 00:00  Cold open00:23  Welcome01:22  Why keeping the house isn't a 15-second decision02:06  Rent minus mortgage isn't cash flow02:52  The three cost buckets: fixed, variable, CapEx06:20  Always use a written lease (even with family)08:01  Security deposits and Louisiana's statute09:46  Homeowner's vs. landlord insurance14:53  The capital gains tax clock20:09  Three questions to ask before you decide Resources La. R.S. 9:3251 (Security Deposit Statute): law.justia.com/.../rs-9-3251 Show Links Website: rerealestatepodcast.com YouTube: youtube.com/@REREALESTATEPODCAST Facebook: facebook.com/rerealestatepodcast Instagram: instagram.com/rerealestatepodcast TikTok: tiktok.com/@rerealestatepodcast Find every episode at rerealestatepodcast.com – subscribe wherever you get your podcasts. Hosts Ben Harang REALTOR® | Keller Williams Realty Bayou PartnersLa. License #: 36589Mobile: 985.859.2500 | Office: 985.262.4400ben@benharang.com | benharang.com Clint C. Galliano REALTOR® | Keller Williams Realty Bayou PartnersLa. License #: 995704723Mobile: 985.647.4479 | SMS Hotline: (985) 200-5447Office: 985.262.4400clint.galliano@kw.com | SoLahomegroup.com Produced by: Clint Galliano | Music by: Wiggins Studios Click here to view the episode transcript. Click here to watch a video of this episode.