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
Highest amount a property is worth equal to the amount that would have to be paid to buy equivalent property in the market place. ...
Maximum interest rates a borrower might pay for an adjustable rate mortgage. It controls the amount of change in the rate when it adjusts. The first number is the maximum increase allowed ...
An affiliate of the National Association of Real Estate Boards, engaged in educational programs and publications for its members. Its publications include Real Estate Perspectives and Real ...
Prepayment to a landlord for refurbishing the unit beyond what would be anticipated from customary wear and tear. It is like a damage deposit. The security deposit may be refunded at the ...
Fee a borrower is assessed for the right to make a loan payment before the due date. An example is the prepayment charge for paying-off a mortgage early. ...
Partially amortized and requiring a lump sum (balloon) payment at maturity. ...
The amount of rent a property could command in the open market. See also market rent. ...
Right to enter and start construction or furnishing property that is in the process of being purchased. ...
The definition of cooperative housing is well known by real estate agents because they are often involved in the selling process, in most cases. Cooperative housing is a form of ...
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!
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