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Showing posts from September, 2019

Millionaire Real Estate Habits

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If you’re a maverick with no interest in delegating, if you have trust issues, or if you believe the secret to success is some undiscovered grail, this article isn’t for you. We’re going to dive into the exact methods millionaire agents used to get to the top of the mountain and stay there. Get ready for a step-by-step analysis of how to really achieve financial success in real estate — and it all starts with a simple realization: none of real estate’s top producers did it by themselves. They leveraged their time, delegating tasks both small and large. They used the latest technology and programs streamline their business — and they used the time & money they saved to get in front of clients and close more business. We recently sat down with real estate legend Bubba Mills, the CEO of Corcoran Coaching, along with Rush Edwards from Top Producer to discuss how agents can leverage habits of millionaire agents in their own business as well as integrate the latest techno

Outsourcing Virtual Assistant Services To The Philippines

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The Philippines is one of the top destinations that major corporations outsource their business needs too, allowing businesses to keep overhead down on expenses such as office space, equipment, internet connection, taxes, and even benefits. Additionally, despite the lowered overhead costs, compensation is still significantly lower for outsource business — but still higher for remote staff than they would otherwise make with an average minimum wage is at about 400–500 php a day or $7–10 USD a day. While there are several other countries that are well-known for offering virtual services such as Malaysia, South Africa, and India, it’s the Philippines that has been making headway in the outsourcing world. The Tholon’s Top 100 Executive Summary on the global outsourcing market in 2016 revealed that Manila sits in second place for the biggest outsourcing city in the world. Only Bangalore, India, has a larger outsourcing market.     4 Reasons To Outsource To The Philippin

Real Estate Transactions Vs. Client Relationships

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What’s more important to you — sheer numbers, or referrals & repeat business? Transactional agents focus on the numbers while relational agents focus on building their business through referrals and repeat business by taking time to nurture connections. The truth is, if you want to achieve lasting success in our changing industry, it’s essential to nurture your relationships with your best clients. 82% of all real estate transactions come from repeat and referral business, and 25% of agents generate more than 50% of their business from repeat clients. This is why relational agents are experiencing massive success in their business. For them, the relationships they cultivate, continue to produce a steady stream of referrals that compound — year after year! “The #1 threat to the real estate industry is being transactional.” – Brian Buffini If you find that you fall under the transactional agent category, don’t worry, you are not alone. Many Real Estate Agents fall und

Why You Need A Mortgage Virtual Assistant

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As a mortgage industry professional, your income benefits from serving the largest number of clients as possible — all while offering top quality service. However, to be successful, you must address a wide range of everyday tasks ranging from marketing to customer service — making it tough to juggle the diverse tasks required to run your business. Perhaps you could use an extra hand, but you’re just not ready to hire an in-house employee. If you can relate, then it’s time to explore the benefits associated with virtual assistants. “There’s no ceiling to growing your business, there’s no ‘maximum amount of money’ that can be made in the mortgage industry. There’s no limit to how big your mortgage business can be, and if you just work follow this process, this is how you do it.  — Les McGehee, Rialto Academy A mortgage virtual assistant can help boost your production while keeping your costs down — with task-work such as making calls, scheduling meetings & managing your c

Double Your Production With A Real Estate Transaction Coordinator!

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According to NAR®, each transaction take about 45 hours to finish from contract to close! That’s for EVERY transaction you do — and for each of those transactions, 30 of those hours are spent on paperwork. That’s literally thousands of hours you spent on paperwork that you could have spent selling! Take a look back on all your transactions this year — did any of the following things happen? You lost sight of something: You forgot a step or a piece of the process, or you were late in completing something. You got so involved in the administrative side of things (emails, inspections, paperwork, etc.) that other things in your business had to be pushed aside. You were not able to stay on top of your prospecting, make any additional appointments. If you said yes to one or both of these things, then its time to seriously consider finding a Real Estate Transaction Coordinator . What is a Real Estate Transaction Coordinator? Transaction Coordinators are trained to manage

Everything an Administrative Virtual Assistant Can Do For You

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In real estate, administrative work is necessary, but not dollar-productive. It's friction in your sales process - an anchor around your neck keeping you from reaching higher production volumes. It's also a distraction that threatens to cloud your focus and take your production numbers off track. In other words, administrative busy work can bog you down. Yes, it's important - but that doesn't mean some or all of it can't be delegated. If you’re spending too much time on paperwork and not enough time selling, then it’s time to get a virtual assistant to handle the repetitive, time-sucking tasks that fill your schedule & ruin your motivation. An Administrative Virtual Assistant can handle all your paperwork, transactions, and even reception calls! Whether it’s working on documentation, managing emails, handling calls, or even doing transaction coordination, your administrative virtual assistant can is someone to rely on for the day to day busy work in your

Why You Need Virtual Real Estate Transaction Coordinator!

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“Outsourcing is the latest buzzword in real estate. Real estate businesses have latched on to the outsourcing trend, seeing the benefits it has afforded organisations worldwide and how it allows them to be competitive in today’s economic landscape.” -Rockend, 5 reasons why real estate agencies outsource Virtual assistants provide a vast array of services to businesses and solopreneurs. These professionals deliver a wide range of skills, training & education to serve their clients. Real estate is the latest of many industries embracing virtual assistant services  — arapid scalability & cost-savings is a great combination for today’s agile & nimble real estate organization. Most real estate agents & brokers are already familiar with the role of virtual assistants in prospecting & administrative work — but there’s another pivotal role that virtual assistants can assist with, which is serving as a virtual real estate transaction coordinator . Growing Your

Hate Prospecting? You'll LOVE Having A Real Estate ISA

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Let’s talk prospecting: the real estate job that every agent loves to hate. If you’re an agent, you find reasons to avoid it: if you’re a broker, you deal with pipeline issues because your agents are avoiding it. You might try passive lead-generation, or even buying leads to get around it — but you’ve still got to call them, so you’re still making tons of calls. Prospecting is a hit-or-miss activity that takes a lot of time, patience & skill — and it definitely requires a thick skin. There’s always the worry that you’ll get a negative prospect on the phone yelling at you. This rarely happens, but it’s still a worry — especially when you’re prospecting expired or FSBO leads. The solution is simple: hire a Real Estate Inside Sales Agent (ISA)! A Real Estate ISA is a real estate virtual assistant who prospects for you. They spend the time to work your inbound leads, client follow-ups, circle prospecting, FSBO & Expired leads: you name it, they’ve got it…..working all

Virtual Assistant As A Real Estate ISA? It Works!

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It’s easy to let your lead followup fall by the wayside because phone work can be tedious & most agents are terrified of hearing the word “no”. However, like it or not, you need someone who is consistently on top of it all because you do not want to feel the dread an empty pipeline brings. A Real Estate Virtual Assistant can take on the duties of a Real Estate Inside Sales Agent (ISA) and ensure that your pipeline is always flowing. MyOutDesk has your back! We’ve been working with real estate entrepreneurs like you for 11 years and we have been part of the success of over 5,000 clients! First, we take care of the tedious hiring process for you and only present candidates that match your profile. With tools such as Market Force, we present profiles that match your talent and your needs. Once you decide to hire someone, we help you deploy a 90-day launch kit. This launch kit is a guide to help you allow your Virtual Assistant to fully integrate into your business set-up. I

Why You Need A Real Estate ISA

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On average, 7% of the prospects in your database will enter into a real estate transaction this year — but you don’t know which ones, and you don’t know when. Better call them and find out! While you’re at it, if you’re like most agents, you’ll want to hit the phone to prospect local Expired & FSBO leads, don’t forget to followup on all those Zillow, Trulia & Realtor.com leads you’ve been paying $20 each for. This all adds up to a lot of time on the phone: and that’s a good thing! Prospecting is one of the single most important things you can do in real estate to generate more business. The only problem is the time investment  — but what if it wasn’t your time being invested? Delegate the daily repetitive, yet essential responsibilities that need to be handled, to a MyOutDesk Real Estate Virtual Assistant . Gain leverage and more time to work ON your business instead of IN it. You Need A Real Estate ISA This is where having a Real Estate Inside Sales Agent (I

Choosing The Best Virtual Assistant Service

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Ready to choose the best virtual assistant service ? It will empower your business with the flexibility, scalability, and cost-savings to adapt quickly to changing business & market conditions without the cost or commitment involved with hiring full-time employees. What this means in a practical sense is that as a business owner, rather than struggle to build, reorganize, or downsize job functions or even departments in your business, you’re able to quickly onboard trained, qualified labor in the form of virtual assistants – and add, replace, or remove them rapidly as the labor & specialization needs of your business change. Virtual assistants are quite common for tasks like office administration & sales prospecting – but they’re also valuable for customer service, technical support, new client onboarding, and many other important but repetitive business tasks. In addition to all the flexibility that virtual assistants provide, another big reason to outsource is

How To Find A Virtual Assistant

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Ready to hire a virtual assistant? As a business owner, you’re looking to scale your organization, grow revenue and reduce costs. You’ve probably also heard that a virtual assistant costs about 60% less than a comparable full-time employee, and offers up to 40% higher productivity as well. These are compelling reasons to hire a virtual assistant, and for many jobs ranging from administrative work to telemarketing, a VA working remotely is a perfect fit.  The next question is the big one: how do you find a virtual assistant — and more importantly, where do you find the right VA to help your business? Start By Determining Your Niche & Your Needs To begin with, many virtual assistant services providers offer specialized services tailored to a specific industry — so if you run a real estate firm, you’ll want a real estate virtual assistant as opposed to a more generalized VA. VAs who don’t specialize in a field can take care of various business tasks, from m