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Let virtual assistants run things so that you can automate and grow your real estate investing business.
You are extremely busy. We get it.
There is so much to do as a Realtor, new real estate investor or owner of a property related business. Even just the lead generation side can take up so much of your time.
You don’t have to be that busy. You can have the lifestyle you got into real estate entrepreneurship for in the first place. You could be making a lot more money.
For our special guest on this episode, the key is all about outsourcing to virtual assistants. A service he uses in his own business, and has helped big Wall Street backed hedge funds implement into their own.
Whether you are just starting out today, or are already doing millions of dollars in business, this show is for you.
Your Host: Ross Hamilton, CEO Connected Investors
Guest: Bob Lachance
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Gifts & Recommendations
In this episode Bob Lachance gave all listeners his print out of 100 plus tasks done for you that you can outsource to a VA.
Bob recommended reading the books:
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The Compound Effect: Jumpstart Your Income, Your Life, Your Success by Darren Hardy
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Leadershift: The 11 Essential Changes Every Leader Must Embrace by John Maxwell.
We also gave away digital copies of The Insider’s Guide To Funding Real Estate Investments.
What Do Virtual Assistants Do?
There isn’t any task that you can’t outsource to virtual assistants today. From bookkeeping to driving for dollars, skip tracing, to phone work and social media, and database management, if it is on your to-do list, you can outsource it.
How much you earn in real estate is going to be directly related to the value of the tasks you do each hour of your day. If you hope to make just a mere $1M this year, you cannot afford to spend a single hour working on anything you can outsource for $499 an hour or less. Or you just won’t make your goal. Period.
How Do I Hire A Virtual Assistant?
There are many ways to find, recruit and hire VAs. There are online marketplaces like UpWork. There are individual VAs who market for themselves. Millions more Americans have been forced to move to outsourced work in the wake of COVID-19. Then there are services which provide trained VAs.
Be sure you are looking for a good match. Look at the value you are getting, not just the hourly rate.
Once you start your mind may be blown at why you didn’t start working this way earlier. You’ll be hooked and will never want to go back.
Hiring Virtual Assistants For Real Estate
Step 1 – Get Clarity
Be clear that being too cheap to hire virtual assistants means doing things the hard, and slow and often the expensive way. Bob’s giveaway breaks down the tasks you can outsource for $10 an hour to $100k an hour. He says that as a CEO, if you are doing $10 an hour tasks, you are actually robbing your company every hour.
Step 2 – Automate
Leverage software for identifying where the cash buyers are, and for finding potential buyer leads. Remember that only 2% of prospects close on the first contact. It can take up to 8 contacts to close the average lead. This is where you can automate your social media, email, direct mail, text messages and ringless voicemail, and more to create more conversions.
Step 3 – Outsource
Outsource to virtual assistants to handle all of the manual tasks that are still left and which power this automation. Such as tagging leads and contacts in your database correctly, engaging on LinkedIn, knocking on doors, talking to potential customers and more.
Summary
Now more than ever it is vital for real estate investors, agents and business owners to embrace outsourcing and virtual assistants. It has been the preferred way to operate by startups and big funds for years already. Now it is an absolute must for staying in business. In this episode our special guest breaks down some of the tasks you should be delegating out, how to get the right perspective on it, and other ways you can automate your business. Listen or read the full transcript below for the full details.
Action Steps for Real Estate Wholesalers
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Use virtual assistants to help organize your buyers list
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Use your VAs to fulfill your plan for consistent marketing
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Focus your own personal time on negotiating and closing real deals and dollars
About Bob Lachance
Bob Lachance now helps big funds and real estate personalities outsource their customer service and automate their lead generation and communications. Prior to getting into real estate Bob was a professional ice hockey player. Then he saw a gap. He saw how real estate professionals were so busy, but seemed to be accomplishing so little. He stepped up to do something about it.
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The post Let Virtual Assistants Run Your Business (Exactly How) appeared first on Connected Investors Blog.
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