It might not seem like it at first, but absentee owners make some of the best real estate clients for a variety of reasons. First, there are a variety of avenues a real estate agent, broker, or investor can
take when working with an absentee owner. They can list the owner’s house or help them purchase a new one. Real estate businesses can also buy homes off absentee owners as well as offer property management services.
Besides the fact that you can work with an absentee owner in a variety of ways, they also make some of the most motivated sellers you will find on the market. This is the case for a variety of reasons, from changing rental laws to a new inheritance to ongoing difficulties with current tenants.
You might also present selling the absentee’s owner property as divesting with an investment since many times, absentee owners bought the property in the first place as a source of additional income. If this income isn’t steady or the process is too difficult and time-consuming for the owner, it might be time for them to let it go and get as much profit from the property as they can.
While absentee owners can be motivated to sell for a variety of reasons, some of them need a real estate agent to explain their options and show them the best course of action. It’s important that you do your research into what type of property your absentee owner runs so that you can market your services to them in a more targeted way.
Types of Absentee Owner Properties
Short Term Rentals: these rentals often come fully furnished and offer tenants a place to stay for a short amount of time, usually a few days to a few weeks. These properties might be found on places like Airbnb, Craigslist, and other rental sites.
Long Term Rentals: as the name implies, these types of properties are typically inhabited for longer periods of time, from a few weeks all the way up to six months or more. These rentals often vary by owner—they may come fully furnished or not. They may be used as a long-term vacation home or as a temporary home for a traveling worker.
Vacation Homes: vacation homes can be a combination of short- and long-term rentals. Tenants can stay anywhere from a few days to multiple months. Vacation homes are typically a property bought and maintained in addition to the owner’s place of residence. It is also usually far away from the owner’s place of residence and can be used as additional income when renting.
How to Find Absentee Owners
Over time, there have been several ways to discover absentee owners and their properties from browsing rental sites to cold calling to literally driving through neighborhoods and other rental areas to look for sales signs. While each of these practices might yield a list of absentee owners, it takes a lot of time and effort.
There’s a much simpler and easier way to compile a list of absentee owners—and to even target those who are most motivated to sell.
Finding Absentee Owners with List Builder
ListAbility can help real estate agents, investors, and brokers find absentee owners and target those who are motivated to sell with list stacking and skip tracing services. We are a data management team that has access to up-to-date information that includes vacation rental homes, divorces, inheritances, pre-foreclosures, and more. Our filter tool allows you to cross reference any number of sellers, properties, and conditions. Create a targeted marketing approach toward absentee owners and save valuable time with ListAbility.
Reach out to us today for your real estate needs! Or check out more of our blog topics—we’re here to help.