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Real Estate Outsourcing

Real Estate Outsourcing: Definition and Tasks

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.

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Commercial Real Estate Outsourcing

Commercial Real Estate Outsourcing

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.

Commercial Real Estate Outsourcing

Corporate Real Estate Outsourcing

Human Resources and People Networking

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.

Human Resources and People Networking

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.

Are you ready to get started and hire now?

Are you ready to get started and hire now?

How to Start Outsourcing in Real Estate

Outsourcing Agencies

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:

  1. Identify tasks that are slowing you down, repetitive, or of low value.
  2. Categorize these tasks based on difficulty.
  3. Look at all the tasks that you currently have a process for and select those that are easy to train. It’s essential to create a work process if you don’t have one in place.
  4. Draft a basic job role outline for the tasks you want to delegate.
  5. Develop a training plan for when your worker begins.
  6. Invest in productivity software, such as ClickUp or Monday, to manage your team from a distance.
  7. Appoint someone to be responsible for leading your virtual team member, as they need direction just like your in-house employees.

 

If you require assistance to begin, feel free to contact us, and we’ll gladly provide guidance throughout the process.

Outsourcing Agencies

Real Estate Outsourcing Companies & Services

Real Estate Outsourcing Companies & Services

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.

Real Estate Outsourcing Companies & Services

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.

Understanding Real Estate Outsourcing Tasks and Responsibilities: A Social Media Example

Understanding Real Estate Outsourcing Tasks and Responsibilities A Social Media Example

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.”

Understanding Real Estate Outsourcing Tasks and Responsibilities A Social Media Example

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.

The Importance of Approval Processes in Real Estate Outsourcing

Approval Processes in Real Estate Outsourcing

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.

Approval Processes in Real Estate Outsourcing

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.

Are you looking to hire a full-time offshore team?

Are you looking to hire a full-time offshore team?

Are There Any Downsides to Outsourcing for Real Estate?

Downsides to Outsourcing for Real Estate

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.

Downsides to Outsourcing for Real Estate

Whether you hire someone directly through Upwork or via an agency, that person is not necessarily loyal to you. Even the most perfect person on Upwork can suddenly drop you as a client if they get a better offer. No contract between you forces them to give a certain period of notice. Regardless of their affinity for your brand, you are simply one of many clients they serve.

When working with an agency, you’ll be drawing on a pool of specialists. This is great because it means the job will always get done, but you do also lose an element of control. Can we expect the current individual to perform as effectively as the previous individual did last month?

Will you have to remind them again that certain expenses need to be reconciled to a specific account? Yes, the agency should take care of that side. However, if you’re being assigned a different person each month, then you can’t be guaranteed consistency.

Often you’ll need to share sensitive documents and data to get your tasks done by an outsourced person. Think of what they’ll need access to social media accounts, website passwords, back-end processes, Dropbox, OneDrive, Google Docs, etc.
Certain programs enable you to restrict user access, preventing them from causing significant harm or carrying out unwanted actions. But as already mentioned, your outsourced worker doesn’t necessarily owe you any loyalty. Even if they sign an NDA if they release sensitive information about your business, can you pursue them legally?

Whether you hire someone directly through Upwork or via an agency, that person is not necessarily loyal to you. Even the most perfect person on Upwork can suddenly drop you as a client if they get a better offer. No contract between you forces them to give a certain period of notice. Regardless of their affinity for your brand, you are simply one of many clients they serve.

When working with an agency, you’ll be drawing on a pool of specialists. This is great because it means the job will always get done, but you do also lose an element of control. Can we expect the current individual to perform as effectively as the previous individual did last month?

Will you have to remind them again that certain expenses need to be reconciled to a specific account? Yes, the agency should take care of that side. However, if you’re being assigned a different person each month, then you can’t be guaranteed consistency.

Often you’ll need to share sensitive document