Real Estate Outsourcing involves assigning real estate tasks to an external company or individual. This can include tasks such as property management, marketing, research, and administrative functions, among others.
In essence, real estate outsourcing involves partnering with a third-party provider to handle specific aspects of the real estate business. This frees up valuable time and resources in order for companies to focus on their core competencies.
Outsourcing offers access to external expertise and resources to achieve business goals. It enhances efficiency, saves costs, and boosts productivity in real estate companies.
In short, real estate outsourcing is a smart way for real estate companies to leverage the knowledge and expertise of others. Through this, they improve their operations and stay ahead of the competition.
Typically, the trend in real estate outsourcing is focused on the residential sector and is more common in this area. However, that does not mean that outsourcing is not a viable option for commercial real estate companies. The benefits are the same, though the tasks may differ slightly. Virtual staff manages lease renewals for commercial offices and shops, while outsourcing is used for homes and apartments.
For a commercial real estate company looking to outsource, the process is the same. The first step is to identify tasks that are slowing down the company and are of low value. Then, determine how the commercial real estate virtual assistant can complete these tasks through proper processes and training.
Outsourcing in real estate isn’t just for small one-agent or team operations. Large corporate businesses can also reap the benefits of outsourcing and build an entire virtual workforce. For this reason, they can support their brand, franchises, agents, property managers, and more.
Large corporations often have hidden virtual teams handling tasks at a corporate level, without internal teams being aware. This efficient arrangement allows the corporate business to allocate time and resources to other crucial tasks.
For big brands or franchises, outsourcing real estate services and providing them under your brand is a smart move. It can reduce overhead costs across the entire corporation. At the same time, it provides more value to your team and helps them keep their enthusiasm and productivity.
So, if you’re a corporate real estate business looking to streamline your operations, outsourcing is definitely worth considering. With the right provider and processes, you can unlock the benefits of outsourcing and take your business to the next level.
Getting started with outsourcing in real estate can be easier than you think. A lack of knowledge can hinder progress, but it doesn’t imply a lack of creativity. Hiring a Filipino virtual assistant can be scary if you’ve never done it before. However, keep in mind that they possess the capabilities to accomplish tasks like any other human.
Even without being physically present for inspections, tasks that can be done online or over the phone can still be managed. This can be made possible through proper training and processes. Here are some simple steps to get started:
If you require assistance to begin, feel free to contact us, and we’ll gladly provide guidance throughout the process.
What is a real estate outsourcing company or service? Simply put, it is a company that provides business process outsourcing (BPO) services to the real estate industry. There are several outsourcing companies and services to choose from, but how do you know which one to pick?
At ShoreAgents, we prioritize industry expertise for companies servicing the real estate sector. Our director’s extensive experience gives us a profound understanding of the industry. He has also worn multiple hats as a real estate agent, business owner, and manager of a large sales team.
Another important factor to consider is the company’s knowledge and support for outsourcing. A great real estate outsourcing company should provide services to help you get started. They should be able to outline the process, put together a plan, and find the right candidate.
They should also not allow you to start unless they feel you are ready. Our successful approach stems from the belief that with commitment and readiness, so there’s no reason for failure.
If you’d like more information about our real estate outsourcing company and services, feel free to reach out to us.
When outsourcing, it is crucial to have a clear understanding of the tasks you want to delegate. To ensure success, your tasks should be SMART: Specific, Measurable, Achievable, Realistic, and Timely. Unfortunately, many people start outsourcing with unclear goals, leading to unmet expectations.
For example, simply stating “I need someone to handle my social media” is not enough. To effectively outsource your social media management, you need to be specific about the tasks you want to be done. This includes answering questions such as what photos to use, what quotes to include, and which hashtags to add.
Instead of utilizing vague information, it is imperative to provide specific and detailed instructions. For instance, “Create 25 Instagram posts using photos from this folder and quotes from the provided testimonials. Research appropriate hashtags and add 3-7 hashtags per post. After approval, schedule 5 posts per day using this Hootsuite account.”
By setting clear and defined goals, you’ll be able to measure your virtual assistant’s performance. Through this, you will be able to determine if they’re doing a good job. But keep in mind that outsourcing does require some investment in education and training to ensure success. This aids in identifying outsourced areas of your business and tasks suitable for delegation within the outsourcing framework.
When outsourcing tasks in real estate, one critical aspect that’s often overlooked is the approval process. Who in your organization will be responsible for reviewing and approving the work completed by your virtual assistant?
Your outsourced assistant operates without a conventional supervisor and may receive tasks from various staff members without direct oversight. Hence, implementing an approval process is essential to review each task before its release under your business’s name.
There are various tools you can use to track task progress and ensure that an approval process is in place. Project management apps like Trello or Asana can help, or you can use a simple Excel spreadsheet. The key is to establish an accountability barrier between your virtual assistant and the public representation of your business.
Don’t neglect the importance of an approval process in real estate outsourcing. Implementing this ensures that your virtual assistant’s work aligns with your standards and presents your business in the best possible light.
Outsourcing is a brilliant way to start trimming the fat from your business and make easy increases to your profit margin. As outlined already, though, there is still a bit of work involved for you. But if you understand your business, you can easily find the low-hanging fruit and start making cost savings immediately.
The best way to start outsourcing is slowly by starting with one or two simple tasks. It’s advisable to hone your process and learn to better understand the system. You may prefer to work with people from one country over another.
It is possible that you lack knowledge regarding the appropriate payment amount. You may not realize how difficult a particular task is. Starting out outsourcing can be a relatively low-cost investment, but don’t throw yourself into it all at once. Besides the research involved, there are other downsides that you need to be aware of.
Outsourcing entails delegating specific parts of your back office to an individual or group for completion. It is task-specific and there is a different type of outsourcing called offshoring.This is where you hire an offshore employee to join your team. If they are supporting one member of your domestic team, they are usually referred to as a real estate virtual assistant.
Although an offshore employee will be responsible for a number of different tasks, their role is usually not task-specific. Just like any of your other staff, they fulfill a role, not just a task. So whereas outsourcing is task-specific, an offshore employee is role-specific.
In our experience, a real estate business will typically outsource a specific task for a defined period of time. A good example is lease renewals. A real estate agency finds that it has fallen behind in this area.
They hire an offshore team member through an outsourcing company to handle lease renewals for 3 to 6 months. The contracting company is accountable for training, supervising, and overseeing the progress of this task on a daily basis.
Keep in mind that in this example, the person assigned to your business is not your employee. However, they will be working only on your business so there are fewer problems associated with loyalty.
Real estate companies often explore outsourcing as they contemplate their offshore requirements. However, the complexity of their needs may surpass their suitability. While outsourcing works well for the aforementioned tasks, there may come a point where a full-time staff member becomes necessary.
If you’re looking for a full-time offshore staff member to join your team, you should be searching for offshoring. For a lot of businesses, this is the next step after outsourcing. As mentioned, this is when you hire an offshore employee to join your team.
We trust that this article has provided you with valuable insights and clarity regarding your objectives. Whether you seek outsourcing, offshoring, staff leasing, or BPO services, we are confident in our ability to deliver.
Our offerings include hiring a minimum of one full-time staff member, with no maximum limit. This caters to the needs of large companies with 25+ dedicated staff members working for their business.
If you’re looking for low-cost and reliable offshore staffing solutions, you’ve come to the right place. Discover more information by going through our “How it Works” page.
Outsourcing will change the dynamic of your business and certainly make your way more competitive in this very demanding market.
Working with ShoreAgents has been a great experience, we've been able to scale and grow thanks to their reliable and experienced agents. The ShoreAgents team has become a key part of our operations and our onshore staff have full faith that things are taken care of so they can focus on what they do best here.
I tried multiple companies before finally using ShoreAgents and I wish I did from the start, because there is really no compare. They are heads and shoulders above the rest! Highly recommended!
I have used ShoreAgents successfully to support my Real Estate Sales business for 5 years in which 4 and a half of those were with the same VA. I recently replaced my VA as she had some other opportunities and I must say I am amazed that in a short time my new VA is up to speed and if not doing more!
I’ve been referring my real estate friends to ShoreAgents for many years now with great success. Their systems and real estate industry experience set them apart from the rest. Plus recent advances in new technology and AI make things even better.
We have 2 staff with ShoreAgents one in Property Management and one in multimedia. We are constantly blown away by the capabilities of our team in the Philippines and we will be hiring more staff with ShoreAgents in the future! The whole team there are legends.