To find property for rent by owner in Costa Rica (often abbreviated as FRBO), a combination of online platforms, local resources, and direct word-of-mouth can be used.
Costa Rica Featured Listing
Herradura Bay Property, Costa Rica
Location
Herradura Bay,
Property Type
Luxury Condominium
Bedrooms
3
Bathrooms
3
Price
$1,149,000
Guanacaste is located in the northwestern region of the country, along the coast of the Pacific Ocean, and is a major province of Costa Rica.
Tourism, a key economic activity, attracts people from around the world to the Guanacaste region for its beaches, mountains, volcanoes, and amazing coastal ecosystems.
Websites that are set-up for FRBO, allow filtering for owner-listed rentals, and when searching be sure about what you want such as location, budget, and the type of housing.
Never wire money or send deposits before seeing the property, and ask for a lease and verify ownership if possible by using local property tax records.
Buying a property or house that is then set up as a "for rent by owner" (FRBO), is usually one that is intended to be rented out without the assistance of a property manager.
When a suitable property has been found evaluate the property as an investment, and ask for current rental rates and payment history, maintenance records, property expenses such as taxes, insurance and utilities costs.
You can work directly with the owner or hire a real estate attorney or buyer's agent to help draft an offer, but before making an offer perform due diligence such as hiring a licensed home inspector and ensure there are no liens.
If considering buying an investment property that is currently a rental, there is the option to contact the manager or proprietor of a Guanacaste Costa Rica property for rent by owner, and then use a title company or closing attorney to handle the purchase process.
