Definition Of For Rent By Owner (FRBO) In Real Estate

Definition of "For rent by owner (FRBO)"

Mariangel Wilkinson, Real Estate Agent Texas United Realty

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

Have a question or comment?
We're here to help.

Comments for For Rent By Owner (FRBO)

Rocky said:

Looking to rent a house with a few acres and a barn in Rockingham county or Guilford county

Mar 26, 2021 14:23:45

Hey, 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 13:48:41

MaryAnn Swiski said:

Looking to rent a three bedroom house on section 8 like an orange Seamore Milford Shelton area

Feb 05, 2021 23:16:34

Hey, 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 09:34:55

Renee Wilson said:

I'm looking for a long term rental . Townhouse or detached condo

Aug 22, 2018 07:09:44

Hey Renee,
That'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!

Aug 23, 2018 09:45:23

For Rent By Owner (FRBO)