Real Estate Investor? Benefit From a Property Management Virtual Assistant

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Real Estate Investor 1

As a real estate investor you have a number of issues to consider. Naturally you want to make a profit, but you also need to focus on upkeep on your properties and taking good care of your tenants. The day-to-day operations of investing in properties and renting them out to commercial or residential tenants can quickly get overwhelming.

Instead of worrying about how to keep everything moving smoothly, or getting stressed out over everything you have to do, you can get help and support through a property management virtual assistant. Hiring the right person for that job can make a big difference in how much you’re able to accomplish. Here’s what to consider, before you choose someone to help.

What is a Property Management Virtual Assistant?

A property management virtual assistant is just like an in-person assistant, except they work virtually instead of being in the office. Since you won’t have an in-person assistant you won’t need to worry about overhead costs such as office space, a desk, a computer, and other factors. Your assistant will also be a contractor and not an employee, so you won’t have health insurance and related costs with your arrangement.

That can be a great way to have the best of both worlds. You’ll get the support you need, and someone to handle the administrative tasks while you focus on investing, but you won’t need to incur a lot of expenses to do that. It’s a good option for a lot of real estate investors, whether they only have one property or they’ve developed an entire portfolio.

Your assistant can help with tenant screening, rent collection, maintenance requests, questions about vacant properties, advertising, and so much more. As long as you aren’t asking them to do something for which they would need a real estate license, you can rely on them to handle a lot of the tasks of your management and investment company.

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How Does An Assistant Help Your Investment Goals?

The best way for you to advance your investment goals is to have time to work on finding and vetting properties, working with backers and other investors, and creating relationships with people who can help you improve the value of any properties you purchase. If you have a property management virtual assistant handling all the administrative tasks for your business, you’ll have more of that time you need for growth.

Assistants can also help your investment goals by keeping up on the latest available property options and helping scout information that’s needed for development. They can vet companies that can make improvements, find vendors for tenant-facing portals to reduce stress, and complete other duties in the real estate space.

While they’re addressing all of those issues and concerns, you can be focused on the tasks your assistant isn’t able to do for you. That helps you maximize your time and accomplish more each day, so you can follow through with additional investments and get closer to the goals you’ve set for yourself.

Where Should You Find Your Assistant?

Finding a real estate virtual assistant for property management is an important step, and you want to be sure to choose the right person for the job. The good news is that selecting a virtual assistant means you don’t have to choose someone who’s in the local area. You can look for the best talent and the kind of experience you want, instead of being limited to people who live near your office. That’s a good way to expand your options and find a person who’s well-suited to your assisting needs.

You generally also want to work with a company to find your assistant, because you’ll have a list of people who have been properly vetted. Without that information you might not be sure if a person really has the skills and experience they’re claiming. That can mean hiring someone who doesn’t work out well, or can’t meet your needs.

If you have to start the process over, that takes time away from advancing your goals. Choosing the right property management assistant the first time adds to your peace of mind, and helps you get started on all the additional properties you want to explore.

Author’s Bio:

Stephen Atcheler is an entrepreneur in the Real Estate space. He has grown multiple businesses, including a Real Estate Agency, and an online Real Estate Advertising business, and is currently the founder and driver of the fastest-growing Real Estate BPO in the Philippines. If you would like to connect or get in touch with Stephen, he is very active on LinkedIn and always happy for a new connection.

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