Absentee property owners are the most valued yet overlooked types of leads. When property owners don’t live in the homes they own, it opens up great investment opportunities for wholesalers, real estate investors, and flippers. But finding it is not an easy task indeed. It is when skip-tracing software and tools can be beneficial. With the best skip tracing software, you can list your leads, indicating the absentee owners.
- Buy a list from an outside curation source
- Build your own lists with property data
- Get probate property leads
- Look for long-term rental properties
To identify the absentee owners, get the help of real estate wholesaling tools. In this, we will guide you on how you can use these tools and technologies and why it matters for finding absentee owner leads.
Who Is An Absentee Owner?
Any owner who does not occupy a property is referred to as an absentee owner. The aims and motivations of absentee owners vary. The only similarity between them is that they don’t live on this land themselves.
Absentee owner homes can vary greatly in their degree of hardship. In certain cases, the property may have been in such bad shape that the owners were forced to leave. In other cases, the owner could not be present because the renters are renting the home.
Note: Which strategy you choose to present an offer to an owner will depend on the circumstances behind their absence.
● Types of Absentee Owners
The types of absentee owners are classified by understanding their process of owning a property.
For example, when absentee owners rent their property to tenants and hire property managers to hold and manage the property, then it is classified as an absentee-owned property type.
Also, properties without a Will go to probate property, which is also a great investment.
Absentee Landlord-
An individual or organization that owns rental properties but does not reside on or close to the property and instead relies on property managers or other employees to oversee day-to-day operations is known as an absentee landlord.
Absentee Owner-
A person who owns a property (such as a second house or investment property) but does not use it as their primary house is known as an absentee homeowner.
Franchise Owner-
An owner who invests in a franchise but relies on a franchise manager or employees rather than actively managing or running the company is known as an absentee franchise owner.
Absentee REIT (Real Estate Investment Trust) Owner-
A person who holds shares in a REIT but does not actively manage the properties is known as an absentee REIT (Real Estate Investment Trust) owner. REITs are businesses that own and run income-producing real estate.
Absentee Joint Owner-
This describes a person, business, or trust that is an absentee partner in a joint ownership.
Absentee Trust-
A fixed trust, unit trust, or discretionary trust with at least one absentee beneficiary is known as an absentee trust.
Absentee Corporation-
A corporation that is regarded as an absentee owner and has taxable land.
How To List Down Absentee Owners?
The problem is that it might be difficult to find the absentee owners. Public documents could be out of date or lacking information, as many people don’t live on the land. Data-backed technologies like skip tracing software are essential in this situation.
The steps you can follow to identify absentee owners are-
1. Ask These Questions-
To securely and precisely use the skip tracing software, you can start by knowing these-
- Do you want out-of-state absentee owners?
- Are you solely aiming for unoccupied properties?
- Are rents or inherited homes your main focus?
2. Gather The Initial Data-
Before getting into any kind of skip tracing, you should identify the basic information. These include-
- Property address
- Owner’s name
- Tax mailing address
- Parcel Number
To get this information from country tax assessors’ websites, GIS system, or property appraiser records.
3. Locate Absentee Owners
This is where skip tracing software comes in after you have the raw list.
By entering a name or address, these platforms may provide you with updated postal addresses, phone numbers, email addresses, and social media accounts. To assist you in prioritizing leads, some even provide real-time activity status or confidence scores.
Typical information you may receive:
- Numbers for cell phones (multiple providers)
- Email addresses
- Physical addresses have been updated.
- Family members or coworkers
- Portfolio of Real Estate Ownership
Reaching out becomes not only feasible but also strategic with this enhanced knowledge.
4. Filter The Details
Skip tracing is integrated into larger lead-generating networks by several contemporary real estate wholesalers. These platforms frequently consist of:
- Map-based search for properties
- Owner-type filters (such as corporate, absentee, and trust-owned)
- Estimators of equity
- Integrated SMS or direct mail capabilities
- CRM functionalities
They let you narrow down thousands of properties by factors like anticipated equity, ownership duration, property quality, or absentee status. After setting your criteria, you may obtain contact details by doing a batch skip trace on the list.
5. Cross-Validation
Sometimes, even the greatest skip tracing software may produce information that is out of date. Therefore, your chances of connecting with the proper individual increase with the amount of cross-checking you do.
Not every skip-tracing service result is precise. Verifying the information is a good idea with the help of:
- Social media cross-referencing
- Looking through LinkedIn profiles, particularly those of properties held by LLCs
- Postcards are sent to check for return
- Using tools for reverse phone lookups
6. Organize To Reach Out
Regardless of your approach, make contact via phone, SMS, or direct mail. Keep in mind that absentee homeowners can be more receptive to a discussion than typical homeowners. When your communication is courteous and timely, your chances of success increase.
Once you have precise owner information, use a CRM or lead management spreadsheet to arrange your contacts. Properties are tagged according to:
- Level of motivation
- Date of last contact
- Absentee kind (inherited, rented, unoccupied, etc.)
- Channel of communication
- The Unknown Value of Absentee Property
Owners who are not present are frequently more inclined to sell. Their properties may be a financial burden, unoccupied, or in need of maintenance. For wholesalers, investors, and agents seeking to finalise deals below market value, absentee owner leads present excellent prospects because of these traits.
The problem is that it might be difficult to find these owners. Public documents could be out of date or lacking, and many people don’t live on the land. Data-backed technologies become essential in this situation.
Final Words
It takes effort and resourcefulness to find homes with absentee owners and contact them. Thankfully, this information on Skip tracing Software and tools can be obtained quite quickly and efficiently. Thanks to skip tracing tools and real estate investing software. The effort you invest in compiling an absentee owner list will be well worth it, regardless of whether you’re a wholesaler, flipper, or owner of rental property trying to expand. One of the most motivated groups of possible sellers is absentee owners. A profitable tactic for wholesalers is to target this group.
So, are you ready to start niching down and find out about absentee owners? With Quality Skip, Skip tracing software and services, you can easily do the best search. We help you identify the best leads, create leads, and in your property search.