Updated
There are currently 5 private landlord rentals in the Waterloo area.
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 property.
Finding single family houses, apartments, condos, and townhomes 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 all houses and condos that are private landlord rentals.
No, there aren't discounts for rental properties 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.