What are Non-Owner Occupied Properties?
A property that is not occupied by the purchaser or owner of that property is a non-owner occupied property.
The most familiar of these properties are rental properties. These can be single-family, multi-family apartments or even commercial properties. Some might even be empty or abandoned properties.
Where are these properties located?
Non-owner occupied properties exist in every U.S. city. Some landlords or absentee owners can be found in the same city as the property, while others may reside in neighboring counties or different states altogether.
Who can benefit from identifying these properties?
Real estate professionals like Realtors®, brokers, painters, property managers and property investors can all benefit from identifying non-owner occupied properties.
Let’s face it, the farther an owner lives from real estate, the harder it is to watch over, maintain and manage a property.
Painters benefit from obtaining one giant job as opposed to a single dwelling.
Realtors® and brokers benefit when the owner lists that property for sale.
Property managers can take on the job of overseeing maintenance and filling vacancies. Property investors can purchase directly from the owner, rehab the property, and either rent or sell it.
How do I identify and contact these owners?
These properties can be identified in many ways.
The simplest way is to use software like the Haines Criss+Cross Plus Real Estate V4i program; check out how it works here.
This program allows the subscriber to identify and target local or out-of-state owners of nearby properties. It then provides a mailing address that can be used to contact the property owners. In many cases, it also provides phone numbers. cell numbers, and email addresses of the owners of these properties.
Stay up to date on our latest posts.