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
Apartment Complex with Beach View Ready for you!
Location
Limon City, Costa Rica
Property Type
House
Bedrooms
4
Bathrooms
4
Price
$499,000
Limón, the capital city of the province of the same name, is also known as Puerto Limón, is one of the largest cities in Costa Rica.
Situated on a cape along the Caribbean coast of Costa Rica, on the East side of the country Limón is surrounded by two islands, the Uvita Island and Isla de Pájaros (Birds Island) which lies just north of the nearby Bonita Beach.
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 Limón Costa Rica property for rent by owner, and then use a title company or closing attorney to handle the purchase process.
