Outsourcing Tasks to Real Estate Virtual Assistants Real estate agents and brokers have long struggled with scaling their businesses to keep up with increased demands, but the simplest solution could simply be outsourcing tasks to a virtual assistant. Unfortunately, growing your real estate business means the workload of in-house staff increases with it- usually, coming …
Continue reading “Outsourcing Tasks To Real Estate Virtual Assistants”
Finding qualified real estate virtual assistants in countries such as the Philippines is easy. But, what are the traits that make them qualified? Real estate agents have trouble scaling their businesses. As it grows, so does the workload. However, a lot of agents can’t afford to hire locally. So, the best alternative is outsourcing virtual …
Continue reading “How To Find Qualified Real Estate Virtual Assistants?”
Lead generation is one of the most effective ways to drive profit to your real estate business – and – one of the ways to streamline this is through using virtual assistants. Traditionally, businesses delegate repetitive non-core tasks to virtual assistants. But, aside from administrative tasks, a virtual assistant can help realty businesses gain leads …
Continue reading “Real Estate Lead Generation With Virtual Assistants: Top Strategies”
Property Management Outsourcing has several advantages, however, risks should be considered. In this article, we’ll be going through operational risks, principal-agent-related risks, business risks, poor contract designs, and more. Many praise outsourcing for its ability to transfer fixed and variable costs to an external service provider. Unfortunately, this can result in unforeseen direct and indirect …
Continue reading “Risks Of Outsourcing Property Management Services”
Outsourcing Property Management services give businesses the benefit of “risk transfer”. Thus, the Business Process Outsourcing (BPO) provider becomes responsible for system failures and costs that come with it. But, that’s not always the case. So, should outsourcing be considered risk sharing? In this article, we’re going through the four main pillars of “risk transfer” …
Continue reading “Risk Transfer In Outsourcing – Benefits & Drawbacks”
The benefits of outsourcing Real Restate Owned (REO) administrative services are a game-changer. If you’re in the real-estate business, then you probably know that REOs are the best way to get deals. But, the number of administrative tasks that come with it can definitely take a toll. As it stands, dealing with REOs is already …
Continue reading “Benefits Of Outsourcing REO Administrative Services”
Automation is increasing efficiency in many industries, and property management is no different. Property managers can choose to automate a variety of tasks, though the reality is that only a small percentage of a manager’s tasks can be left to automation. Despite this, if done correctly doing so can improve performance and efficiency drastically. In …
If property managers want to start evaluating potential outsourcing partnerships, then a measurable benchmark should be defined. Generally, businesses hiring offshore service providers are looking to save costs. However, qualitative metrics such as employee and customer satisfaction must be taken into account. According to Collier’s study, the decision to outsource is based on two factors …
Continue reading “Evaluating Outsourcing Partnerships In Property Management”
Outsourcing property management tasks to an offshore workforce provides advantages – but, it also comes with risks. Luckily, there are best practices you can follow to help your business utilize outsourcing to its full potential. First, identify the business’s pain points. Ask what tasks your business is struggling with. Then, pinpoint which of those you …
Continue reading “Best Practices For Outsourcing Property Management”
Bank Reconciliations are an integral process for any organization to prevent and find fraud. However, accounting teams, property owners, employers, and managers often disregard this. Businesses, especially those in a critical growth phase have owners wearing too many hats. During this period, administrative tasks wear in-house staff thin. Thus, management often de-prioritizes duties such as …
Continue reading “Outsourcing Bank Reconciliation – When & How Often Should You Do It?”
