For Rent By Owner (FRBO)
Definition of "For rent by owner (FRBO)"
Wondering what For Rent By Owner (FRBO) means?
It’s the more popular cousin of For Sale By Owner (FSBO). For Rent By Owner (FRBO) are really common; it’s the name we give to properties that are put on the market for rent by the owner instead of by a property management rental company.
When you see a listing or a house sign saying “for rent by owner (FRBO)” know that it means that home was put on the market (almost with) no help from a real estate agent and you will deal exclusively with its owner when applying for the tenancy and, after, while you’re living in the place.
Internet has made it easier for people to embark on the for sale by owner (FSBO) route. However, there is still too many minutia that makes it a not recommended action. You still can benefit a lot from the presence of a real estate agent by your side. Whereas on the rent side, though, the risk of doing it all alone is not that big. Sure, a real estate agent might help - especially when the time comes for you to determine your rent price – and a property management rental company will definitely help with billing and repairs etc. But say you are retired or you have the time to spend dealing with possible (probable!) Tenant’s dealings, it’s definitely doable. It’s not rocket science! If you have the time and the patience anyone can learn how to go about the Landlord’s life.
Real Estate Tips:
A great way to start your For Rent by Owner (FRBO) life is reading our article on Landlord-Tenant Rights.
And then go crazy discovering more crazy terms on our Real Estate Glossary Terms
Popular Real Estate Terms
The period when a financial debt, such as a mortgage, must paid. ...
Cash outlays required to maintain an investment position. ...
Significant information that if disclosed would affect an individual's decision. For example, a buyer would probably not enter into a contract with a seller of real property if it was known ...
Danger, hazard, risk, or peril. For example, jeopardizing a piece of property by pledging it as collateral for a loan. ...
Civil rights acts passed by the U.S. Congress includes those of 1866, 1870, 1871, 1875, 1964, and 1968. The first two acts gave blacks the rights to be treated as citizens in legal actions, ...
The definition of front foot is a person or an entity that has an advantage or has the initiative. It could also be used to suggest that someone is taking an offensive position. Based on ...
Lines determined by a government rectangular survey laying out a standard six-mile square area of land. ...
Major lease in a structure that controls subleases. An example is a landlord and attorney entering into a main lease for the third floor offices of building. This lease takes precedence ...
The closing process is the final step of a property sale. It starts when the home seller agrees to the home buyer’s offer and it ends after all Closing costs are paid ...
Comments for For Rent By Owner (FRBO)
I'm looking to rent a 3bed 2 bath home in Cobb ga
May 28, 2021 13:26:42Hi, Great I am happy to locate an agent for you. May I have your phone number.
Also how many bed/bath? What price range are you looking to be in?
Thank you,
Sue Taylor
Jun 01, 2021 09:41:05Looking to rent a house with a few acres and a barn in Rockingham county or Guilford county
Mar 26, 2021 14:23:45Hey, Rocky! Thank you for reaching out to us! If you get in touch with one of our real estate agents in Greensboro NC, they can help you find the type of home you are looking for. If you have trouble finding an agent, you can reach out to us directly via our phone number (1-866-495-4953) or live chat, and we will help you with your home purchase.
Mar 30, 2021 13:48:41Looking to rent a three bedroom house on section 8 like an orange Seamore Milford Shelton area
Feb 05, 2021 23:16:34Hey, MaryAnn! Glad to hear about it! We can certainly help you find a rental. If you contact us at the phone number listed above, we can put you in touch with a real estate agent in the area. You can also get in touch with our real estate agents in Connecticut directly if you go to the directory page and search for agents in the area of your choice. Hope to hear from you soon!
Feb 15, 2021 09:34:55I'm looking for a long term rental . Townhouse or detached condo
Aug 22, 2018 07:09:44Hey Renee,
Aug 23, 2018 09:45:23That's great! Feel free to reach out to our customer support at 1-866-495-4953 so we can help connect you with a real estate agent. We will love to help! Good luck on the quest!
Have a question or comment?
We're here to help.