July 3, 2024

Something I’m Reading

Just picked up "Quit” from Annie Duke, the same author as "Thinking in Bets."  Only a chapter or so in, but really liking it so far. The basic gist: the secret to success isn't always "persistence" but "strategically quitting things."  So this book is about how to know when to grit and when to quit.

Something I Photographed

UFC fight live in Vegas last week!

Something I’m Excited About

Love the Fourth of July! Spending the week with some good friends and family in Northern Idaho. Plus, our annual real estate investor Poker tournament is Friday - which Ken McElroy has won for the past several years... but I'm going to dominate this time.😉

Some Thoughts to (Hopefully) Make Your Life Better

Last week I talked about how important a VA is to your business (didn't read that?  Click here to read it!)

Today, I want to share some tasks VA can do to help you in your real estate investing.

As a real estate investor, your time is your most valuable asset. You need to be out there finding deals, negotiating, and growing your portfolio. But there are a ton of tasks that can bog you down. That’s where a Virtual Assistant (VA) can be a game-changer. Here are 12 tasks a VA can do to help you scale your real estate investing business efficiently and effectively.

1. Lead Generation and Management

A VA can help identify potential leads through online research, MLS listings, and public records. They can also manage your CRM, ensuring all lead details are updated and follow-ups are scheduled.

2. Marketing and Social Media Management

From creating and scheduling posts to managing interactions and running ad campaigns, a VA can keep your online presence strong. They can also design marketing materials, like flyers and newsletters, that you can use to attract potential buyers and sellers.

3. Cold Calling and Follow-Up Calls

While you’re busy closing deals, a VA can handle cold calling to identify potential sellers and buyers. They can also follow up with prospects to keep the communication lines open and gauge their interest.

4. Email Management

A cluttered inbox can be overwhelming. A VA can organize your emails, respond to routine inquiries, and flag important messages that need your attention. This ensures you stay on top of your communications without getting bogged down.

5. Appointment Scheduling

Managing your calendar can be a full-time job. A VA can schedule your meetings, property showings, and other appointments, ensuring there are no conflicts and you maximize your time.

6. Property Research

Before making an offer, thorough property research is crucial. A VA can gather property details, comparable sales, market trends, and other vital information, giving you a comprehensive overview to make informed decisions.

7. Data Entry and Management

From inputting data into your CRM to maintaining spreadsheets of your property expenses and income, a VA can keep your data organized and accessible, allowing you to focus on strategy and growth.

8. Content Creation

A VA can write blog posts, property listings, email newsletters, and more. They can also assist in creating video content by scripting or editing, helping you engage your audience with valuable and consistent content.

9. Bookkeeping and Financial Reporting

Keeping track of your finances is critical. A VA can handle basic bookkeeping tasks, track expenses, manage invoices, and even prepare financial reports, giving you a clear picture of your financial health.

10. Customer Service

A VA can manage client communications, respond to inquiries, handle complaints, and ensure your clients feel valued. This helps build trust and long-term relationships with your clients.

11. Transaction Coordination

From the initial offer to closing, a VA can coordinate all the steps in between. They can handle paperwork, communicate with all parties involved, and ensure deadlines are met, making the transaction process smooth and hassle-free.

12. Vendor and Contractor Coordination

Whether it’s scheduling inspections, coordinating repairs, or managing contractor schedules, a VA can handle these logistics, ensuring your properties are maintained and ready for tenants or buyers.

Conclusion

Incorporating a Virtual Assistant into your real estate business can free up your time to focus on high-impact activities. By delegating these essential tasks, you can operate more efficiently, grow your business faster, and maintain a better work-life balance. The key is to find a reliable VA with the right skill set and to effectively communicate your expectations and processes. With a VA handling the details, you can spend more time doing what you do best: making deals and growing your real estate empire.

Remember, time is money. By leveraging the power of a Virtual Assistant, you can optimize your time and maximize your profits. So, if you haven’t considered hiring a VA yet, now might be the perfect time to do so.

To your better life,

P.S. Comment below and let me know your thoughts on this week’s BTB! Please be friendly :)