Real Estate Virtual Assistant

Most team owners want a profitable business. Real estate virtual assistants are one of the most important keys to unlock your business’ scaling potential.

As a real estate team owner, you more than likely have a lot on your plate. As interest rates rise and the market begins to return to a pre-pandemic normal, the pressure to keep production high is being felt now more than ever.

The best method to keep production high is to scale your business. But is it possible to scale your business by yourself?

If you want to succeed at scaling, it’s not. As a real estate business owner, you only have a set amount of bandwidth.

Most real estate teams that I see succeed in creating sustained, consistent growth leverage the power of virtual assistants to keep their businesses running smoothly in the background.

It frees up bandwidth and allows you (the owner) to spend more time at the 10,000 foot view: focusing on how to grow and stay profitable.

So today, I’m going to take you through the complete guide on real estate virtual assistants — from finding, hiring, and training talent.

What is a real estate virtual assistant?

A real estate virtual assistant (VA) functions as another arm of your business admin. They most often focus on the administrative work that would normally fall onto an agent’s shoulders (or yours).

In terms of a virtual assistant’s responsibilities, there’s no specific scope. If you take the time to properly train them, anything is possible.

From social media management to data entry, a well-selected VA can handle that portion of your business.

How much do real estate virtual assistants cost?

The cost of real estate virtual assistant will mainly depend on one thing — how much you are willing to spend.

Knowing your budget is not only crucial for getting the most bang for your buck, but also for ensuring you hire the right person(s) to meet your business needs.

In general if you have a larger budget, and only need 1–3 “experts” in a given area, hiring U.S.-based might be a good fit.

If you’re looking to save money in your business and potentially hire more than 1–3 people, hiring overseas will be the best bet.

Let me take you through the differences between hiring Stateside vs. Overseas

What are the differences between hiring real estate VAs Stateside vs. Overseas?

The going rate for a virtual assistant in the U.S. is anywhere from $15 an hour to $45+ an hour.

Pros to hiring a VA in the States:

• They will be working in a similar or “closer” time-zone to your business’ operating hours.
• Can hire a broad range of expertises, from novices to experts.
• Faster and generally more reliable / stable wifi speeds.
• Greater potential for industry experience with U.S.-based companies.

Cons to hiring a VA in the States:

• Some VA’s hourly price tag could possibly cost your entire budget. (Might only be able to afford 1–3 hires)
• VAs may not have the same level of loyalty or company buy-in compared to VAs overseas.

Pros to hiring a VA Overseas:

• Depending on the area (Europe vs. Asia, for instance) you can find VAs for as little as $3 — $10 per hour.
• Allows you to hire more people to perform a multitude of tasks in your business.
• If you take care of your overseas VA, loyalty and buy-in will follow.
• Help your business run, even while you sleep.