Updated
FRBO is an acronym for "For Rent by Owner." This means that the private landlord acts as the property manager and is the individual that a renter would work with directly for renting their house.
There are currently 3 private landlord house rentals in the Northern Illinois University area.
Finding single family houses that are 'For Rent by Owner' is easier on HotPads with our filtering features. Just click into the "All filters" tab and scroll down for "Additional options." Below this select "For rent by owner" to filter for private landlord rentals.
No, there aren't discounts for rental houses that are rented directly by the owners, however negotiating rental lease terms can sometimes be easier because you are communicating directly with the private landlord and not a real estate management company.