What Is Absentee Owner?

An absentee owner holds property they don't occupy. This includes landlords, people who inherited a home in another state, owners who relocated for work, and investors managing property from afar.

Managing a property remotely is difficult and expensive — maintenance, tenant issues, taxes, insurance, and code compliance all become harder at a distance. Many absentee owners reach a point where the property is more burden than benefit.

Cash buyers are well-suited to absentee owners because they can handle remote closings (e-sign and mail-away), buy as-is without the owner traveling to make repairs, and close quickly.