Kotor is located in southwestern Montenegro, in the Bay of Kotor (Boka Kotorska), known as a historic UNESCO World Heritage site, and is seen as having one of the most beautiful natural harbors in Europe or anywhere in the world.
Due to its fame and natural beauty, with The Bay of Kotor being called the "southernmost fjord in Europe, Kotor is as a result one of the most visited towns in Montenegro, with high levels of tourism fueling the proprty rental market, and wealthy individuals looking for luxury real estate for sale.
How To Find Property For Rent Buy Owner in Kotor, Montenegro
To find property for rent by owner (often abbreviated as FRBO) in Kotor, Montenegro, a combination of online platforms, local resources, and direct word-of-mouth can be used.
Web sites that are set-up for FRBO, allow filtering for listed by owner 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 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.
Use a title company or closing attorney to handle escrow, title transfer, and record the deed, after learning how to find Properties for RENT listed by owners in Kotor, Montenegro, by using online platforms and web site listings portals, and buying the property.
