Why Absentee Owners Are Great Leads
Absentee owners are people who own property but don't live there. They might rent it out. They might have inherited it. Or they might have moved away. These owners often want to sell. They don't want to deal with repairs or tenants from far away. That makes them great leads for real estate investors.
What Is an Absentee Owner?
An absentee owner owns a property but lives somewhere else. The property address is different from their mailing address. They might live in another city or state. Finding these owners is easy when you know where to look.
Why Absentee Owners Want to Sell
Managing property from far away is hard. Repairs cost more. Finding good tenants is difficult. Traveling to check on the property takes time. Many absentee owners are tired of these problems. They often sell for less just to avoid the hassle.
Where to Find Absentee Owner Lists
You can get absentee owner lists from county records. Most counties keep records of who owns each property. They also keep records of mailing addresses. When these don't match, you've found an absentee owner. Some counties let you search online. Others require you to visit in person or pay for the data.
Using Tax Records to Find Absentee Owners
Property tax records show the owner's name and mailing address. Compare the property address to the mailing address. If they're different, that's an absentee owner. Tax records also show if taxes are late. Late taxes often mean the owner wants to sell quickly.
Using Skip Tracing to Contact Absentee Owners
Once you have a list of absentee owners, you need to contact them. That's where skip tracing comes in. Skip tracing finds phone numbers and email addresses. It gives you multiple ways to reach the owner. Bulk skip tracing lets you process hundreds of names at once.
Looking for Properties with Code Violations
Many cities keep lists of properties with code violations. These are properties that need repairs. Absentee owners often let these pile up. They don't want to spend money on a property they don't live in. These owners are especially motivated to sell.
Finding Out-of-State Owners
Owners who live in other states are the most motivated. They can't easily visit the property. They can't fix problems quickly. They often hire expensive property managers. Look for mailing addresses in other states. These are your best leads.
Using Rental Property Lists
Many absentee owners rent out their properties. You can find rental listings online. Contact these owners directly. Ask if they've ever thought about selling. Many landlords are tired of dealing with tenants. They might welcome your offer.
Checking Inheritance Records
When someone dies, their property often goes to relatives who live far away. Check probate court records to find inherited properties. These new owners often don't want the property. They usually want cash instead. Learn more about working with inherited properties.
What to Say When You Contact Absentee Owners
Be direct but friendly. Tell them you're a real estate investor. Ask if they've thought about selling. Mention that you understand managing property from far away is difficult. Offer to make things easy for them. Using the right approach makes a big difference.
Why Absentee Owners Sell Below Market Value
Absentee owners often accept lower offers. They want to avoid repair costs. They want to stop paying property managers. They want to avoid traveling to the property. The convenience of a quick sale is worth more than top dollar to them.
Building Your Absentee Owner List
Start small with your target area. Get a list of 50-100 absentee owners. Use skip tracing to find their contact information. Call or mail them. Track your results. Then expand your list. Learn from successful investors who started the same way.
Start Finding Absentee Owners Today
Absentee owners are some of the best leads in real estate investing. They often want to sell quickly. They often accept lower prices. Finding them is simple when you use the right tools. SmartSkip makes it easy to find and contact absentee owners. Start with a small list and grow from there. Ready to find your first absentee owner? Try SmartSkip free and start building your list today.
Related SmartSkip solution
- SmartSkip Property Owner Search — Look up any absentee owner with SmartSkip Property Owner Search.
