From 2009 to 2021, the rental vacancy rate in Georgia declined by 6% or more. Because more units are being successfully rented out, it can be difficult to find what you are looking for.
It becomes even harder to find a rental if you are looking for rent by owner properties. Real estate in Smyrna can be found in various ways. Keep reading to know what to look for.
1. Search Rental Websites
You can find for rent by owner (FRBO) properties with a simple rental website search. There are various Georgia rental websites and apps that list these types of properties.
Listings on these types of websites might be pricier, but it's still a good option to look into if you are set on finding an FRBO property. For better deals, niche websites are also popular.
2. Try Craigslist or Facebook Groups
Craigslist and Facebook are both great tools for finding for rent by owner properties. There is a stigma for both that you'll come across many rental scams. However, if you know what to look for, you won't be a scam victim.
A landlord who doesn't ask you to pay cash for a rental deposit and shows you their ID likely isn't running a scam.
Among some fake ads, you might find that Craigslist has a few hidden gems in your area. Make sure the ad you reply to shows a real home with detailed information. The job poster should offer you a tour before anything else.
Facebook groups can be dodgy compared to actual listing sites, but there are plenty of legitimate rental groups you can join.
Because FRBO properties have more relaxed renting standards, it's not uncommon to find homes for rent on Craigslist or Facebook groups.
3. Ask Your Network
Word of mouth is one of the most common forms of advertising for FRBO properties. The best way to find a great deal is by asking people within your network. A friend of a friend might know something that interests you.
This method takes more work than others, but the effort might just pay off. Many of the best deals aren't overly advertised so owners don't have to look through hundreds of interested parties.
Putting in the extra effort within your network is worth it for many people because FRBO properties offer more negotiation room and you likely don't have to pay rental fees.
When an owner is a landlord, they are more willing to negotiate rent prices and other issues that might arise. A single landlord might be open to letting you pay rent late if you explain your situation.
If you follow your lease agreement, a landlord knows you will be a trustworthy tenant.
Finding For Rent By Owner Properties
When looking for rentals, for rent by owner properties are in high demand because they tend to be cheaper. Finding these rentals can be difficult if you don't know where to look.
Check out rental websites for real estate in Smyrna, Craigslist, and Facebook Groups, and ask within your network. Don't jump on the first rental you find and be sure to know the red flags of a real estate scam.
For help with finding these properties and avoiding scams, hire PMI Terminus. Contact us now to see how our property management services can help you.
