By Mike Baird
Whether you’re just getting started in house flipping and you’re still working a full-time job, or your real estate investing business has gotten big enough that it’s time to expand, you might want to consider a virtual assistant. With a virtual assistant, you don’t have to have an office, and you don’t have to hire locally. You can hire someone online through a freelancing site to take care of the specific details and tasks that you just don’t have time for every day, and they can be surprisingly effective at helping you flip more houses, even when they live on the other side of the world.
Tracking Down Leads and Researching Markets
While you’re at the office, closing on a deal or showing one of your flip houses to potential buyers, you could be collecting leads. A virtual assistant can comb through listings for you and perform all of your online due diligence on potential house flips. They can find properties on the MLS and other listings, and then they can research whether or not those properties have tax liens or other deal breakers. They can also check out the market in the area and find out how it’s been performing over the past year or more to help you get a better idea of whether or not you’re looking at a good deal.
Organizing Your Busy Schedule
Virtual assistants are also hugely helpful at the kinds of administrative tasks that an executive assistant would do for you (if you had one). Your virtual assistant can take all of your appointments, tasks, meetings, etc., and organize your schedule so that you have a manageable itinerary each day, complete with reminders and alerts if you need them.
Keeping Up With Marketing Campaigns
Are you planning a postcard campaign to bring in more leads and let more motivated sellers know about you? Do you want to be more active on social media to increase your reach? Your virtual assistant can take care of all of that. Instead of worrying about whether or not you’ve been updating your business’ Facebook page enough, just delegate that task to your virtual assistant.
Managing Your Inbox
If you’re like a lot of house flippers, you’re always on the go. You see emails show up in your inbox, and you mean to reply to them, but there are only so many hours in the day. A virtual assistant can help manage your email account for you, getting rid of spam and flagging important messages so that you don’t have to sift through a ton of other messages to get to them.
Finally, as a real estate investor, you have a lot of bills and fees to take care of for each of your deals. While your accountant will take care of your taxes, keeping up with payables for your business can be a huge drain on your time and your brainpower, too. Instead of stressing yourself about these, just hand them over to your virtual assistant. They’ll organize your payables the way they organized your schedule, and you won’t have anything to worry about.
A virtual assistant won’t be out there in the field landing deals for you, but they can do a lot of the behind-the-scenes work that takes up so much of your time and energy. Then you’ll be free to pursue leads, make great deals and focus on the fun and profitable side of house flipping. With a virtual assistant, you could watch your real estate investing business grow faster than you ever thought it would.