La Romana Dominican Republic Property for Rent by Owner

To find property for rent by owner in Dominican Republic (often abbreviated as FRBO), a combination of online platforms, local resources, and direct word-of-mouth can be used.

Featured Property:

Bávaro Dominican Republic Real Estate Location Punta Cana, La Altagracia Province Property Type Luxury Condominium Bedrooms N/A Bathrooms N/A Price $350,000

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 La Romana Dominican Republic property for rent by owner, and then use a title company or closing attorney to handle the purchase process.

La Romana is a town on the northeast coast of the Dominican Republic, located in the province of Samaná, and is popular with Dominicans from the capital, Santo Domingo as well as international travelers or foreigners.

A new road stretching from Santo Domingo and Santa Bárbara de Samaná means the drive takes only two hours.