To find property for rent by owner in Florence, Italy (often abbreviated as FRBO), a combination of online platforms, local resources, and direct word-of-mouth can be used.
Florence (Firenze in Italian) can be found in central Italy, within the Tuscany region, situated alongside the Arno River and approximately 275 km north of Rome and 85 km south of Bologna.
Why buy properties or invest in luxury real estate in Florence comprises of many reason including that Florence is easily accessible by train, car, and air via Florence Airport (Peretola).
Owning property for many wealthy buyers means prestige to the buyer, and a connection to Italy’s rich culture, world-renowned art, architecture, and world famous museums.
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 Florence, Italy property for rent by owner, and then use a title company or closing attorney to handle the purchase process.
If looking at Italy as an overseas or foreign investor or buyer into Italian real estate, those who typically invest or purchase at €250,000 which varies according to the area chosen, can obtain Italian residency through the Golden Visa Program, making Italy an attractive gateway to the EU.
Italy offers both stability and opportunity to buyers and investors, as tourism to Italy brings in over 30 million visitors across the mainland and the Italian Isles.
Real Estate Agents and Property Developers in Florence, Italy
