The phrase denotes a selected kind of rental property search. It describes the act of searching for residential dwellings, supplied for lease immediately by particular person landlords, within the rapid neighborhood of the particular person conducting the search. For instance, a person relocating to a brand new metropolis may make the most of this phrase to discover a home managed and owned independently, fairly than by a big property administration firm, situated inside a fascinating neighborhood.
Finding lodging by means of unbiased lessors can provide a number of benefits. It might lead to extra versatile lease phrases, doubtlessly decrease rental prices as a result of absence of company overhead, and a extra direct and personalised landlord-tenant relationship. Traditionally, this method to discovering housing was dominant earlier than the rise of huge property administration corporations and on-line itemizing aggregators.