In the real estate business, time is one of the most valuable assets. On top of leading hectic lives, realtors have to juggle multiple roles, leading to extended hours.
In a survey way back in 2013, 50% of realtors clocked in at least 40 hours at work a week. Almost a decade later, things haven’t changed much. The standard workweek for realtors is still 40 hours, although some realtors can even work up to 60 hours a week. Sometimes, they even go beyond the 9-5 and can seem like they’re on call 24/7.
To put it simply, real estate agents lead busy lives but still have to stay on top of their game to survive in the cutthroat real estate business.
As their partners increase, so do their daily tasks, and more often than not, these tasks consume the time that they should be dedicated to running their business.
This is where real estate virtual assistants can come in handy.
By delegating daily tasks to reliable virtual assistants, realtors can have the edge they need to thrive in a competitive market.
In this article, we’ll be discussing how real estate virtual assistants can grow your business.
Real estate virtual assistants are essentially your right hand in your real estate business. They handle and carry out almost all non-core-related tasks related to property management remotely.
Their tasks include processing new tenancies or prospective tenant applications, scheduling property viewings, actioning rent reviews, arranging and documenting inspections and conditions reports, and all other non-dollar property management tasks that can be accomplished remotely.
Not all VAs are the same. You still have to find the right person to fit your business model.
When you find the right person, your real estate VA can make your business soar.
Once you have created a process and set specific procedures, you can delegate these tasks to a VA.
Having a VA allows you to focus on more urgent matters such as closing more sales. Here are other advantages a real estate VA can provide for your business:
It’s cost-effective
Real estate VAs accomplish the same tasks as in-house property management assistants. While both assistants perform non-dollar tasks at hand, VAs don’t use office space, which saves on overhead costs in the long run.
In addition to that, VAs are commonly outsourced from countries like the Philippines, where labor costs are lower.
Access to world-class talent
By outsourcing offshore, you get access to a pool of the best VAs in the industry. You can screen and handpick your VA yourself, or you can depend on offshore staffing solutions to present you with a list of world-class talent to choose from.
They adapt to your business needs
Real estate VAs may be proficient in various property management tools and systems, but they also have different expertise and years of experience. Even if they’re not entirely familiar with your business model, internal training can be done for them to fit the company’s needs and requirements.
Ability to streamline your operations
Once you hire a reliable and seasoned real estate VA, you can rest assured that no daily tasks will be overlooked, allowing you to concentrate on core operations and streamline significant aspects of them.
Your employees also get the chance to work on bigger and more critical tasks.
Strengthen weak areas
World-class real estate VAs can impart processes that experience has taught them to strengthen your operations.
With them, you’ll also be able to stay on top of property management trends, allowing you to improve areas in your business to reduce overhead costs and quickly increase your business's bottom line.
Before you can start vetting VAs, you must get your house in order for you to be able to set clear expectations for your VA right from the beginning.
First, get your business process and system in place. Then, assess where the weak areas are or where the bottlenecks are.
From there, determine the exact tasks and outcomes that will help clear up those issues, optimize your systems, and get more deals flowing in.
You can then use this to build a job description and a clear expectation of success in this role.
If you’re in need of an administrative assistant, outsourcing may be something to consider.
You can partner with trusted outsourcing companies like eFlexervices that understand the different needs and preferences of real estate firms.
eFlexervices ensures that you hire highly skilled and experienced VAs dedicated to providing customized outsourced real estate services.
Running a successful real estate business is hard work, but having a real estate VA can make your life easier and more productive.
They can make a huge difference not only in your business but also in your personal life as well.
We encourage you to contact us with any questions or comments you may have.