Who are considered absentee owners in real estate?

Absentee owners in real estate refer to those property owners who are not physically present to manage their properties and instead rely on professionals, such as property managers or real estate companies, to handle the day-to-day operations and management. This scenario typically arises when owners invest in real estate for income generation rather than personal use and choose to hire experts to ensure the properties are well-maintained and profitable.

In this context, the other options do not align with the definition of absentee owners. Owners who manage their own properties are actively involved, making them present rather than absentee. Individuals who purchase properties for personal use are typically engaged directly with their properties and do not fit the absentee owner profile. Real estate agents who invest in properties may still be involved in their management, and unless they are not physically managing their investments, they would not be classified as absentee owners. Thus, the option that highlights reliance on professionals for property management is the key characteristic that defines absentee owners in real estate.