What Does FRBO Mean in Real Estate?

What Does FRBO Mean in Real Estate?

"FRBO" stands for "For Rent By Owner." This term is used to describe properties that are available for rent directly from the owner, rather than through a rental agent or property manager. Owners who choose the FRBO route handle the entire rental process themselves, including marketing the property, conducting showings, screening potential tenants, executing lease agreements, and managing the property. This can save on management fees and give owners more control over who rents their property, but it also requires a significant commitment of time and effort to manage all aspects of the rental process effectively.