absentee owners

Nonresident property holders

Absentee owners hold property they don't live on or near.

The term appears most often in discussions of rental housing and farmland, where distant owners may neglect maintenance or extract profits without investing in the community: Absentee owners let the building deteriorate.

The phrase carries implicit criticism—someone profiting from property without bearing its daily realities.

Related

neglect · run down · investment · distant · rentals · property management · vacant · management · slumlords · overseas · passive · income · cash flow · profit motive · real estate · decay · corporations · holding company

Categories
Opposites
management engagement

absentee ownersowner-operators

Self-employed drivers with own vehicles

Family

absentee, owner, absent, absence, absently, absenteeism, owned, owning, owns

Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Rated G