Wholesaling real estate is often the first step for a new real estate investor to learn the trade and make some money. As the middleman, wholesalers can make some quick cash without a lot of personal financial risk.
As your presence in the Kansas City real estate market grows and more deals are on the table, you may find that certain time-consuming tasks start to accumulate. To optimize your time and enhance your return on investment, consider outsourcing these tasks to Faithful Home Buyers KC LLC.
Explore key tasks wholesalers can outsource to virtual assistants to enhance efficiency and focus on growth. Learn how VAs can handle administrative work, customer support, and more.
Discover essential tasks that real estate wholesalers in Kansas City, MO can delegate to virtual assistants to boost productivity and prioritize expansion. Uncover how VAs can efficiently manage administrative tasks, provide customer support, and more.
5 Tasks Wholesalers Can Outsource to Virtual Assistants
1. Package and Contract Creation
Consolidating all essential documents such as title reports, market assessments, and rehab estimates into a cohesive and professional document can be a time-consuming task. Many real estate investors find this aspect of the deal process tedious and unenjoyable. By prioritizing the sales process, you can effectively advance the deal and avoid getting bogged down in presentation intricacies.
Outsourcing contracts and packages can be beneficial for a variety of reasons. Firstly, it ensures that all documents are comprehensive and legally enforceable. Secondly, once you have a standardized template, the process often involves simply filling in the necessary information. While it is essential to review the contract for accuracy, delegating the task of developing and inputting specific details to a professional can significantly streamline your workflow.
2. Appointment Setting
Achieving success in real estate requires a busy schedule. Between property meetings, networking, and managing your wholesaling business, it can be challenging to stay organized and on top of your calendar.
Delegate these tasks to a virtual assistant who can handle appointment scheduling and confirmations, providing you with a well-organized calendar. Alternatively, utilize online appointment scheduling tools that enable potential clients to view your availability and book meetings at their convenience. Outsourcing these responsibilities frees up your time, allowing you to focus on increasing your profits.
3. Rehab Estimates
When considering a property for investment in Kansas City, you may already have a rough idea of the rehab costs involved. Nonetheless, it is advisable to seek contractor estimates to gain a comprehensive understanding of the expenses involved. Coordinating with a virtual assistant to schedule and collect these estimates allows you to concentrate on the sales aspect of the deal. While it is essential to review all estimates, delegating the task of liaising with contractors saves you valuable time.
Conversely, involving a contractor can provide valuable insights into the actual work needed on the property. By asking pertinent questions and viewing the property from a contractor’s perspective, you can glean valuable information to make informed investment decisions.
4. Direct Mail and Marketing
Successful real estate wholesalers in Kansas City use various strategies such as direct mail and online marketing to identify motivated sellers looking to sell their properties quickly, often at a discounted price.
While essential for wholesalers, these marketing efforts can be time-consuming and repetitive. Some wholesalers delegate this task to family members, like their children, to involve them in the business and streamline the process. Whether you enlist the help of your children, a virtual assistant, or a professional marketing agency, outsourcing these marketing activities frees up your time as a wholesaler to focus on other critical aspects of your business.
5. Explore Online Channels for Real Estate Deals
A wholesaler must always be on the lookout for another deal. This is probably the most time-consuming component of the business outside of actual contract negotiations. That being said, once marketing letters are sent, outsourcing the data collection of potential properties helps. Give an assistant the checklist of what you are looking for including location, price range, size and type of home. Allow them to amass the information and present it to you for evaluation.
After compiling a list of potential properties in Kansas City, you can now start analyzing the numbers to identify the most lucrative opportunities. This phase requires your focused attention and effort to make informed investment decisions.