As a real estate investor focused on wholesaling, you know that the more information you have, the more you can fine-tune your property evaluations. And that means that you will be able to zero in on the best deals to make a significant profit. But the challenge is that with all of the properties on the market, it can be very challenging to gather all of that data. There are only 24 hours in each day. And some of that you need to devote to tasks like eating and sleeping. However, when you delegate the data gathering and other menial jobs to a virtual assistant, you can focus your valuable time on property evaluations and creating the most profitable deals.
Where to Locate a Virtual Assistant
It can be hard to let go of any aspect of your business. But once you find a virtual assistant that you trust, you will never want to go back to doing your own research or other generic tasks. You might also be amazed to discover that a skilled virtual assistant can locate the information you need more quickly and efficiently than you ever could.
The gig economy has made it easier than ever to find a quality assistant. Sites like Fiverr, Upwork, and freelancer.com make it simple to post your job listing and get multiple responses from well-qualified assistants. Just be sure to be very clear when listing your expectations and needs. Include information about your desired timeline, budget, the skill level you would prefer, and exactly what you expect from your VA.
Benefits of Hiring a Virtual Assistant
The most significant benefit to hiring a virtual assistant is that they can do practically anything that a full-time remote staff member could do, but you can hire them for just the days you need them. You just need to create trainable processes and make your needs clear. A virtual assistant can streamline the administrative work you do, magnifying your ability to take on tasks like lead generation and follow-up at volume.
- Add virtual assistant users to software like BatchLeads to manage their tasks from the centralized team dashboard
- Funnel the data created by their work directly into your lead lists and direct mail campaigns
- Expand your team as necessary by maximizing your plan’s number of supported users to cover even more ground
- As outside contractors, virtual assistants are cost-effective because you only pay for the work you need to do on the days you need it done
- Provide yourself with backup on your busiest days
- Outsource your contact follow-up work and your initial lead generation so you can focus on spotting the deals and negotiating closings
Adding employees to your team can be beneficial when you have reached a level of maturity in your business expansion that supports them. Still, most businesses need additional labor before then, especially administrative tasks. That is why outside contractors like virtual assistants, bookkeepers, and tax advisors exist.
7 Tasks that are Perfect for Outsourcing to a Virtual Assistant
When you think of jobs that you can offload to free up your time for more skilled functions, research is usually the first item that comes to mind. And while that is very true, there are many mundane aspects of wholesaling that you should be willing to delegate so that you can focus your valuable time on evaluating properties and creating deals. Some of these tasks include:
- Lead generation and management
- Database management
- Cold calling potential sellers and investors
- Document preparation
- CRM creation
- Marketing, emails, web design, editing
- Social media marketing, monitoring, and maintenance
When you are first starting out in the business, you invest hours combing through Craigslist and other sites to find buyers and sellers. But as your business grows, you find that your time is better spent on other tasks. So create a process that you can then hand off to your VA.
You will also discover that hiring a specific VA to manage your marketing is a very affordable way to step up your marketing plan. Not everyone is gifted when it comes to writing correspondence, creating eye-catching ads, web content, or marketing material. So why not hire a professional to do this work for you? Large companies hire marketing professionals. And while you will not have enough work to keep someone in a full-time position, a VA will gladly work as needed to provide you with high-quality marketing material.
Being highly productive means that you are focusing your talent and skills on what you do best. And by passing all of the other aspects of wholesaling off to a VA, you will be able to maximize your time closing deals. And in many cases, benefit from professional marketing material and other exceptional skills that your VA offers.
Wholesalers make money on their ability to be nimble. You need to find off-market properties at volume, persuade owners to become sellers, and then match them to investors. That requires a lot of support to do smoothly, and virtual assistants can work your software processes so you can focus on big picture strategy and closings. When you are busy enough that lead generation needs to cool until you close, it’s easy to let things lie because the freelancers available as virtual assistants are easily accessible through common platforms for their services.