If you’re a renter looking to rent a home in 2022,
there are some pretty important facts to consider. If you’ve rented before, you should be all too familiar with the impersonal and expensive rental process. Apartments make up the majority of the rental industry, and these buildings are usually owned by large corporations headquartered in a different state from the one you live in.
These companies mostly operate the same way; tenants are given stacks of paperwork that include pre-printed lease agreements, addendums, and other documents full of legal clauses and regulations that limit the amount of freedom you have in your home and allow the property’s management company to add nasty surprises to your monthly rent payment in the form of fees and fines!
Although an apartment might seem like your only choice when looking to rent a home, you should know that there are bound to be hundreds of homes listed for rent by owner (FRBO) that are just waited to be seen! These homes come in many shapes and sizes and include single family homes, condominiums, townhouses and more.
There are incredible benefits to renting a home directly from a homeowner that rental communities might not want you to know about:
More home per dollar than rental units – in markets similar to South Florida, single family homes with 3 bedrooms cost less in monthly rent than 3 bedroom apartments.
Rent on your terms – since the home is owned by one person instead of a company, you can work with the owner to craft a lease agreement that works for both of you.
Sell smarter
List your home on the MLS for $99
No listing agent, no 3% commission. Beycome handles your MLS listing so you keep more of what your home is worth.
Sell your home →Buy smarter
Get up to 2% back at closing
Buy any home with a Beycome agent and receive a rebate of up to 2% of the purchase price — paid to you at closing.
Buy a home →No surprise fees – renting from an owner means you won’t have to pay for parking permits, administrative fees, etc.
The key to maximizing your savings while renting a home is to ensure that the home is listed FRBO (for rent by owner). This means that the homeowner is looking to deal directly with prospective tenants like you. The FRBO and FSBO process are the most organic forms of real estate and don’t include middlemen or commissions. This allows the homeowner to save money and gives you, the renter, greater leverage when negotiating the terms of your lease, including the monthly rent total.
Beycome.com is the best place for you to start your FRBO journey. Even if you don’t find the perfect home for rent in your area, you can still use our tools to help you work directly with homeowners to reach the best deal possible!
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Articles are provided for general informational and educational purposes only, not as financial, tax, legal, or investment advice or a recommendation for your particular situation. Reading this blog does not create a brokerage, advisory, or other professional relationship.
Information, opinions, pricing, service descriptions, and comparisons reflect the sources and information available when an article was published or last updated and may change. Although we aim for accuracy, we do not guarantee that all content is complete, current, or applicable to your circumstances. Laws, market conditions, and service availability vary by location. Examples and estimated savings are illustrative, depend on stated assumptions, and do not guarantee individual results.
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