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 open
00:23 Welcome
01:22 Why keeping the house isn't a 15-second decision
02:06 Rent minus mortgage isn't cash flow
02:52 The three cost buckets: fixed, variable, CapEx
06:20 Always use a written lease (even with family)
08:01 Security deposits and Louisiana's statute
09:46 Homeowner's vs. landlord insurance
14:53 The capital gains tax clock
20:09 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 Partners
La. License #: 36589
Mobile: 985.859.2500 | Office: 985.262.4400
ben@benharang.com | benharang.com
Clint C. Galliano
REALTOR® | Keller Williams Realty Bayou Partners
La. License #: 995704723
Mobile: 985.647.4479 | SMS Hotline: (985) 200-5447
Office: 985.262.4400
clint.galliano@kw.com | SoLahomegroup.com
Produced by: Clint Galliano | Music by: Wiggins Studios
Creators and Guests
Host
Ben Harang
Ben Harang brings over 30 years of experience as a licensed agent and currently works with Keller Williams Realty Bayou Partners. Ben’s experience includes single family residential sales, large land sales, subdivision development, building new construction residential and commercial projects and selling REO/Foreclosed properties.
Host
Clint C. Galliano
Clint Galliano, who’s been an agent since 2020 & an investor since 2008, also with Keller Williams Realty Bayou Partners. Clint’s experience includes residential sales, residential rentals, property management, and various avenues of investing.
