If you’re looking to grow a team, one of the first roles you should consider is a personal assistant. Assistants can take over a major part of your workload, performing all the time-consuming tasks that need to be done yet don’t qualify as revenue-generating activities. This includes answering phone calls, ordering home inspections, completing expense reports, putting up listing and open house signs, and more.
However, before you go hosting interviews for an administrative assistant, you need to consider two very important things. Let’s take a closer look.
This seems like a no brainer, but it can be easy to get in over your head financially when you’re first starting to grow your team. Pay rates differ depending on where you are in the country, so do a little research before choosing a rate. It’s vital that you plan for emergencies: make sure you can afford 6 months’ pay set aside for your new hire before you hire them!
A key aspect of affordability is whether you’re hiring a full-time or part-time assistant. If you only need a little help on the weekends, there’s no need to have someone in-office 40 hours a week. Think about what work you want your assistant to take over and determine how long it will take you to get those tasks completed; this will help you narrow down exactly how many hours you need them to be available for.
Types of Assistants
Once you’ve established that you can safely afford to bring a team member on, you can hone in on the details of their position. Licensed assistants are able to handle tasks that require real estate knowledge, such as managing closing paperwork, preparing escrow files, or simply helping clients understand their contracts.
Understandably, you’ll need to pay licensed assistants more than unlicensed assistants as they’re the only ones who can interpret contracts, perform negotiations, and (in some states) initiate contact with prospects like expired listings or FSBOs. They aren’t as uncommon as you might think, either! According to the NAR 2017 Member Profile, almost half of all assistants (47%) were licensed.
Building a team is an exciting step in the growth of your business. Administrative or personal assistants are a great place to start, but it’s essential that you consider all the details before bringing someone on board. As long as you know what you want and are sure you can afford it, you’ll be expanding your team in no time.
Google is revolutionizing the real estate industry. In the past, Zillow was king when it came to business profiles and agent reviews. With the introduction of Google Local Service Ads (GLSA), more and more customers are turning to the massive search engine to find...
As a real estate agent, your database is your biggest asset. It contains ALL of your leads, whether they were bought, generated from marketing campaigns, or a part of your sphere of influence. It goes without saying, then, that you should be marketing directly to your...
For Sale By Owners (FSBOs) and Expired listings represent a huge opportunity for real estate agents. In fact, there is no easier or faster way to build your listing inventory than with these two lead types. This is because half of the battle is already won: you know,...