Wholesaling real estate can be an excellent option for anyone who wants to get into the real estate industry but doesn't have a lot of capital. This process involves getting a contract from a seller and then selling that same contract to a buyer. Essentially, a real estate wholesaler acts as a middleman between seller and buyer without using much (or often any) of their own money.
A virtual assistant for wholesaling real estate can add even more significant benefits to this operation because of the additional help and support they provide. People who wholesale real estate don't need any special license or experience in the field, but finding sellers, getting contracts, and lining up buyers takes time and effort.
However, by working with a real estate virtual assistant, you have someone who can complete those repetitive tasks. Today we talk about some of the best tasks real estate wholesalers can give to a remote assistant!
Is a Real Estate Support Virtual Assistant the Right Choice?
When you choose a virtual assistant real estate, finding the ideal candidate for the job means looking for someone with industry knowledge. You need someone who can handle all the administrative work that comes with being a wholesaler, but you also want to ensure they're familiar with your industry.
Training is part of the equation, but that takes up valuable time. When you choose a real estate virtual assistant who already knows the ins and outs of the industry, you can get them started providing the administrative support you need right away.
Then, as they grow in their role, additional training for your business and the industry helps your remote team member become an even greater asset for your business.
What Tasks Can You Outsource to Your Remote Assistant?
The tasks your remote assistant can handle for you will vary depending on exactly what you need, but there are a few common tasks that most VAs are qualified to complete. Here are some of the best tasks your virtual assistant can take on:
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Administrative tasks and duties—Numerous administrative tasks exist in any real estate business. The fewer of those you need to complete, the more you can spend your time in other ways that can help your business grow.
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Support for buyers and sellers—Both home buyers and sellers need help, support, and information as they move through the process. A skilled real estate virtual assistant can provide support through the contract process as a representative of your wholesaling business.
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Research on new properties—Finding properties sellers want to part with and buyers want to purchase takes time and skill. When you have a real estate virtual assistant research the properties, you can get all the information you need to make smart decisions for your business.
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Management of contracts and paperwork—As you dive deeper into wholesaling real estate, you'll likely have several transactions moving through the pipeline at any time. Recruit virtual assistants to manage all the paperwork and contracts to avoid mistakes and delays.
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Coordinating transactions—Every transaction needs to be handled properly for taxes, legal ownership, and more. Choosing the right virtual assistant as a transaction coordinator gives you peace of mind.
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Bookkeeping for your real estate business—Good bookkeeping is vital to help you determine whether you're seeing the success you're looking for in your real estate wholesaling business. A quality VA can handle your bookkeeping, so you don't need to find an accountant for the basics.
As you get more involved in wholesaling real estate, it's also possible that your virtual assistant will take on additional support roles to meet your needs.
What Skills Should You Look for in a Real Estate Virtual Assistant?
As you look for a virtual assistant for wholesaling real estate, skills are very important. Some of the most common skills needed in a remote team member include the following:
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Strong knowledge of the real estate industry—Someone who knows about real estate is a great choice to help with your business because they need less training and are already aware of how the process works. You can get them working on tasks quickly and move your business forward.
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Good communication with everyone throughout the process—Buyers and sellers generally want to be kept in the loop, especially on large property transactions. That means proper communication is valuable for the success of your business, and your remote team member can help make that success a reality.
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Tech-savvy to keep transactions moving—Transactions keep moving through the process to keep money coming into your real estate wholesaling business. Work with a real estate virtual team member who understands the transactional software, and you'll likely see fewer slow-downs during your transactions.
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Thorough attention to details—Overlooking something that seems small can translate to something big, especially in a property transaction. With that in mind, choose the right remote assistant who pays close attention to detail, and you can reduce that risk.
The more your remote assistant knows about real estate wholesaling, the faster they can start providing the level of help you need.
Find the Best Remote Assistant for Real Estate Wholesaling
Wholesaling real estate can become a great career, but it's easier when you can outsource some of the work to expert remote workers. Choosing an assistant with knowledge of essential tasks and the right skills for your goals can help you grow your business faster. VPM Solutions has thousands of virtual assistants with real estate experience! Make sure you have a Free Company Profile to find the talent you need.
Ready to start working with a virtual assistant for wholesaling real estate? Download the "Guide to Using Virtual Assistants for Your Real Estate Business" and learn how virtual assistants can support your business.
