noun a form of ownership in which the owner does not reside on or personally manage the property or business
In real estate, absentee ownership refers to a situation where the owner of a property is not physically present on the property or involved in its day-to-day management.
In business, absentee ownership can refer to a situation where a company is owned by individuals or entities who do not actively participate in the operations or management of the business.
In investing, absentee ownership can refer to owning shares in a company without being involved in the decision-making processes of the company.
In property management, absentee ownership may require hiring a third-party manager to oversee the property in the absence of the owner.
In the publishing industry, absentee ownership refers to a situation where a writer sells the rights to their work to a publisher or production company, but does not have direct involvement in the day-to-day operations or decisions related to the work.
In the field of psychology, absentee ownership can refer to a situation where a psychologist or therapist owns a practice but does not actively participate in the counseling sessions or client interactions. They may delegate these responsibilities to other licensed professionals.
For real estate agents, absentee ownership can refer to a scenario where an individual owns a property but does not reside in or manage it themselves. They may hire a property management company or agent to handle the rental or sale of the property on their behalf.
In the business world, absentee ownership can apply to entrepreneurs who own multiple businesses but are not directly involved in the day-to-day operations of each one. They may have managers or executives in place to oversee the businesses while they focus on strategic decision-making and growth.