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In the realm of real estate investing, knowledge truly is power. One of the more potent pieces of knowledge? Who are the absentee owners in your market.
This blog post will delve into what an absentee owner list is, why a list like this is powerful for real estate investors, and importantly, where to procure such lists. Overcoming challenges and achieving success in real estate investing requires tools and resources like these.
Recognize the Worth of Absentee Owner Lists
Absentee owner lists are lists of properties that are not owner-occupied. These properties may be rentals, second homes, or properties inherited but not yet sold. They are goldmines for real estate investors since these owners can often be motivated sellers, especially if the property is distressed.
These lists give you valuable lead data, and often you receive this data in CSV format. The advantage? It allows for easy importing and exporting, as well as quick data processing.
Where to Source Absentee Owner Lists?
There are multiple avenues, both free and premium, where absentee owner lists can be procured. Platforms like DealMachine, Realtor.com, ToVodata, and even the official county website can provide property-specific data. The key is selecting data sources regularly updating their databases to present accurate data.
Acquiring Property Data
- Online Real Estate Platforms: Many online real estate platforms such as DealMachine, Zillow, Redfin, and Realtor.com provide data that can be useful for wholesalers. While direct download of data in CSV format may not be readily available to the public (unless you're using a platform like DealMachine, of course) due to restrictions, some platforms offer APIs or other means to access data legally.
- County Assessor and Public Records: Most county assessor's offices have a database of all properties in their jurisdiction. You can often request a list of properties, sometimes for a fee, and these can usually be provided in a CSV format or something that can be easily converted to CSV.
- List Providers: Some companies specialize in real estate data, such as DealMachine, where you can pull tailored lists of properties that meet specific criteria. These lists are typically available for download in CSV format.
- Real Estate Investment Software: Some real estate investment software solutions allow you to pull data and export it as CSV files. These tools often come with a subscription fee, but they can save a lot of time and provide valuable insights.
Using CSV Data for Wholesaling:
Once you have the CSV file, here’s what you can do:
- Analyze the Data: Import the CSV file into a spreadsheet program like Microsoft Excel, Google Sheets, or specialized real estate analysis software. This allows you to sort, filter, and analyze the data to identify potential wholesale properties.
- Identify Targets: Look for properties that meet your criteria for wholesaling, such as distressed properties, properties with high equity, motivated sellers, or properties in a particular neighborhood.
- Contact Information: Your CSV may include contact information for the property owners, or you may need to use additional resources to find this information.
- Direct Outreach: Use the data to reach out to property owners. You can use mail merge functions to send personalized letters or postcards to the owners expressing interest in purchasing their properties.
- Online Marketing: Upload your CSV data into online advertising platforms to create custom audiences for social media or search engine advertising campaigns targeted at property owners.
- Follow-Up: Implement a system for tracking responses from property owners and following up with them. This could be as simple as a spreadsheet or a more complex customer relationship management (CRM) system.
- Due Diligence: Use the CSV data to conduct due diligence on potential deals. This can involve cross-referencing with other data sources, performing property valuations, and estimating repair costs.
Making the Most of Absentee Owner Lists
Absentee owner lists can be leveraged for targeted marketing campaigns. Initial connection can be made via direct mail, followed by cold calling or door knocking. Property data can be used to customize your message, approach absentee owners with understanding and empathy, and convert potential leads into successful real estate investments.
DealMachine – Your Trusted Partner
Choosing DealMachine for your absentee owner list needs is an investment in success. With us, you get access to the most accurate, comprehensive, and regularly updated data. Our tools allow for seamless conversion of property data into mailers, our customer support is always ready to assist, and most importantly, we are backed by testimonials of satisfied clients from the real estate investing world.
Absentee owner lists is more than just data. They can serve as the springboard for your real estate investing success. Choose wisely, action smartly, and success will be yours for the taking.
The time to start is now. Begin with DealMachine and let us pave your way to success in real estate investing.