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Absentee landlords were notorious for allowing their Irish tenant's properties and amenities decay, while continuing to extracting rent. Yet back at home they w
by raffraffraff 5y ago
Absentee landlords were notorious for allowing their Irish tenant's properties and amenities decay, while continuing to extracting rent. Yet back at home they were known as philanthropists who gave generously to "their own" poor houses and churches. People tend to care whether or not they are judged poorly, but only by peers and neighbours.
It may not make any difference who the investor is, but then again it may. Also, if the investor is resident, could there be other ways to ensure that they are not simply wringing every cent out of their investment with no reinvestment?