absentee owner

Definition

An owner who does not reside in or personally manage a property. He may engage a property manager to oversee his rental properties.

Use absentee owner in a sentence

You may want to be an absentee owner if you think that others can run the place well enough for you.

​ Was this Helpful? YES  NO 5 people found this helpful.

He was never around and I informed my friend that he was an absentee owner and did not have to be there for everything.

​ Was this Helpful? YES  NO 11 people found this helpful.

The absentee owner rarely visited the property as he had many properties to manage in different cities, states, and countries.

​ Was this Helpful? YES  NO 10 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
above-the-line advertising absolute advantage