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User Stats

51
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51
Votes
Bradley Jernigan
  • Investor
51
Votes |
51
Posts

Virtual Assistants for property management

Bradley Jernigan
  • Investor
Posted

Has anyone used VAs (virtual assistants) for help with managing properties and tenants? If so, has this been effective with improving efficiency, tenant satisfaction, and overall business operations?

User Stats

495
Posts
384
Votes
Samuel Eddinger
  • Meriden, CT
384
Votes |
495
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Samuel Eddinger
  • Meriden, CT
Replied

I run a PM company.  We are about 50% local and 50% Remote.  Remote Team Members do a great job managing properties and tenants!  There are a number of property management specific companies that help people hire these employees.

User Stats

16
Posts
1
Votes
Brendon McNaughton
  • Investor
  • Ontario
1
Votes |
16
Posts
Brendon McNaughton
  • Investor
  • Ontario
Replied
Quote from @Bradley Jernigan:

Has anyone used VAs (virtual assistants) for help with managing properties and tenants? If so, has this been effective with improving efficiency, tenant satisfaction, and overall business operations?

I have worked with VAs and it has been very helpful. I'd recommend posting a job on Dynamite Jobs to find VAs..
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3,932
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2,295
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Michael Smythe
Property Manager
#4 Off Topic Contributor
  • Property Manager
  • Metro Detroit
2,295
Votes |
3,932
Posts
Michael Smythe
Property Manager
#4 Off Topic Contributor
  • Property Manager
  • Metro Detroit
Replied

It's one of the biggest trends in the PMC industry.

Did you know that the national average rate of profits for a PMC is only 10%?

Because property owners are pushing so hard on pricing, many PMCs are outsourcing to improve profits.

User Stats

6,363
Posts
3,643
Votes
Bob Stevens
Pro Member
  • Real Estate Consultant
  • Cleveland
3,643
Votes |
6,363
Posts
Bob Stevens
Pro Member
  • Real Estate Consultant
  • Cleveland
Replied
Quote from @Bradley Jernigan:

Has anyone used VAs (virtual assistants) for help with managing properties and tenants? If so, has this been effective with improving efficiency, tenant satisfaction, and overall business operations?


 No you must have boots on the ground. I PM about 600, however I have 6 in OH, and 6 OOS, 

  • Bob Stevens
  • User Stats

    16
    Posts
    5
    Votes
    Sajjad R.
    • Specialist
    • Wyoming
    5
    Votes |
    16
    Posts
    Sajjad R.
    • Specialist
    • Wyoming
    Replied

    Having more than 7 years of outsourcing expertise specifically in property management, I'll try to explain quickly two ways. But the short story is that property management va's are definitely helpful/.
    First option is to hire a virtual assistant and train them, not sure if you guys have handbooks for new hires. The VA would need training on ins and outs, policies on your leasing, maintenance and all other items in order to properly handle, communicate with your tenants and prospect tenants. It would take more of your time and efforts when it comes to training.
    Second option is to go through a Property Management Virtual Assistants company, they would have trained VA's with supervision and experience. It would save you time and money in training and supervising the VA. Best part is that they would have VA's with different experiences and budget based off how long the VA has been doing property management.
    Feel free to DM me if you need any help or if you have plans on scaling using VA's.

    User Stats

    94
    Posts
    28
    Votes
    Matthew Metros
    • Investor
    • New York, NY
    28
    Votes |
    94
    Posts
    Matthew Metros
    • Investor
    • New York, NY
    Replied

    Agents help us with operational tasks such as tenant screening & applications, leasing, marketing and listing management, reporting, owner onboarding, phone & email support, maintenance requests, admin support, overnight support, nurturing relationships with realtors and relocation companies, graphic design, bookkeeping, sending owner statements, managing collections, and other back-office tasks.

    I have some agents in LATAM (Argentina, Bolivia) that I can make introductions to.