A real estate business has obligations and responsibilities that are limitless. Unfortunately, this can become a massive concern, since there isn’t always enough time. When you can no longer get everything done because of tight schedules, it is time to consider hiring help. If you need an assistant, you must understand the different options out there and their similarities and differences. A virtual or administrative assistant may provide the support needed based on your needs.
Data entry, handling communications, and marketing for real estate are some tasks administrative assistants can do. Thus, administrative assistants have been the go-to solution. Nowadays, many real estate firms are looking into virtual assistants. Not only to help them scale their operations, but to also bring variety to their workforce. Virtual assistants carry out the same tasks but remotely. Administrative assistants are full-time employees, while virtual assistants are freelancers. To further differentiate virtual and administrative assistants in real estate, we should explore their advantages and disadvantages.
Administrative Assistants
Administrative assistants are in charge of company operations. These tasks include managing paperwork procedures and scheduling appointments. Also, administrative assistants act as a liaison to oversee marketing objectives. They also provide administrative support to the real estate team. Meetings with them in person allow you to set expectations, analyze criticism, and maintain open communication. These assistants often dedicate themselves to your real estate company. As a result, you will be able to establish a solid bond with them. Furthermore, administrative assistants are in charge of overlooking everything. These daily tasks otherwise burden business owners or other employees.
An in-person administrative assistant is more expensive than a virtual or part-time assistant. A full-time employee entails full-time expenses. As a business owner, you will have to pay for time off, sick leave, medical insurance, etc. What in-person hires may do in a single day is similarly constrained. Three virtual assistants are less expensive than hiring one full-time assistant. Additionally, you will have to spend time training them in each tool and system your company uses.
Virtual Assistants
Virtual assistants can help you with almost any task you need. For example, virtual assistants in real estate manage listings, appointments, and emails. These services are beneficial not only to entrepreneurs but also to other businesses. Virtual assistants are also available 24 hours a day. So rather than paying a full-time employee, you pay a virtual assistant for the work they complete. The majority of virtual assistants work on an hourly basis, anyway.
One advantage of virtual assistants is that they relieve agents of burdening tasks. This advantage helps them focus on what they do best instead. Another advantage is that they are much less expensive than recruiting permanent staff. Instead, you can spend that money on activities that will bring in more clients if you save money here.
A disadvantage of hiring a virtual assistant is you would have to entrust responsibilities to a stranger. Another disadvantage is the possibility of choosing someone unskilled. Hiring a team member who has no idea about real estate or lacks initiative can result in more problems. Virtual assistants can also go missing because it is simple for them to log off and disappear. As a result, you might not be able to get hold of them when duties call.
The Bottom Line
For organizations, adaptability to new technology advancements is no longer a choice. It has become a necessity that needs attending as soon as possible. Investing in assistants on board can save money for a business in real estate. Although, you must pay close attention before hiring one to maximize the benefits.
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