The reply to this question may be somewhat subjective, but there are a few items to keep in mind as you decide whether or not to rent out property. These include: property tax rates, the extent of tenants' rights, required disclosures, any limitations on deposits or pet rent, and, finally, how difficult it might be to evict a tenant if issues arise. That said, Louisiana is the home of colleges and universities like Tulane University, Louisiana State University, and Loyola University in addition to tourist destinations like Bourbon Street, Jackson Square, and the National WWII Museum, so there is no shortage of potential visitors and tenants if your rental property is located close to them.