There seem to be some set rules in Real Estate for when to hire a Real Estate Personal Assistant (PA) or Virtual Assistant (VA), and I am not sure why. These rules were established long ago when Virtual Assistants did not exist. The rule states that between $300k to $500k, you should be looking for a Red Admin Assistant, as you will see in the previous article, I wrote about a comment “Tom Panos” made.
However, my theory is if you need assistance to grow and you can afford it, get it. This assistance will free up your time so you can prospect harder, nurture future hot sellers, and sell more property. So, if you can get a Real Estate VA for 1/3rd of the cost of a Real Estate PA, then you should be able to afford one easily at a 3rd of the target GCI set in the rule, right?
So, if you are writing $100k and you need help, you can now afford to hire a Virtual Assistant who can take away the “RED” tasks, which are back office. At ShoreAgents, we have completed a course that trains our staff to be a Red VA for a Real Estate Business or agent. Check the image below for the workflow highlighting the involvement of a red VA.
See here the table of contents in our course so you will be aware of what we go through with them and what knowledge they will have before they start working for you.
Our Red VA will work with you to take a property all the way from listed to live and to settlement in the admin space. We will set up systems using our preferred online management tool ClickUp to help you run your VA effectively. Running a VA is not just a plugin-and-play solution. It does take quite a bit of setup and training like hiring any employee, and if you think that you will have no responsibility to train, then it is not for you.
Treating Your Business Like a Business
Running a business and being an agent are the same thing. You are in it to make money, and your actions will directly account for how much income you will make. You need to treat the business like a business, and that means taking responsibility in the space of systems and training to develop the right people to move your business forward. Take these two steps before hiring a VA if you are considering it.
- Read the “Offshore Tipping Point” so you are aware of exactly what you are getting yourself into.
- Read the “E-myth: Why Most Businesses Don’t Work and What to Do About It.” This book will teach you all about the need for solid systems.
Thanks for your time, get reading.