If you owned a beach home valued at $1 million, would you rent your property with no stipulations, no written lease, and no demands on how the renters would care for your investment? That probably wouldn’t make much sense, would it? Yet that’s exactly what’s being done with thousands of acres of farmland owned by absentee landowners. Consider this: if a landowner has 160 acres and that parcel of land is worth $7,500 per acre, the landowner has a property investment valued in excess of $1 million! Absentee landowners and decision making Yet, …
The Survey Says…
Imagine you are on the game show Family Feud where two families compete by guessing the most popular response to a survey question. This week the host asks you to complete the sentence, “Absentee landowners only know how to blank”. That’s right, it is your job to fill in the blank. You hit the buzzer and you respond, “Absentee landowners only know how to raise rent". Okay, maybe that wouldn’t be your answer, but I’ll bet it would be the #1 answer to the survey question that was previously posed to a group of 100 people. Last month, I …