I was sitting here brainstorming ways to apply some of the outsourcing principles to my involvement as a new investor and thought I'd go public, since many minds are always better than one.So far I have a small list going, but would love to hear if you all have any other ways you have put either outsourcing, or any other 4HWW (muse creation, 80/20 rule, etc.) into your real estate businesses.Here's what I've come up with so far:Virtual Assistant (VA) tasks:screening MLS for potential dealsyellow letter campaignsGoogle Adwords tracking and implementationmanaging tenant screening process (background checks, tenant checks, etc.)tracking down absentee property ownersgenerating a list of every commercial building owner in your towncollection and aggregation of data in due diligence process for a commercial purchaseresearching cash buyers in targeted markets identifying common expense items in a new market (trash, electric, water, property tax rates, etc.)What else might make sense?

This is a SF residence that rents for 1750 a month and everything on outsourced screening checked out with flying colors, so there was absolutely nothing about either of these two that tipped off that they would be difficult.

I would also like to increase my direct mail efforts by outsourcing my direct mail to a company like yellowletters.com.

I have purchased several properties, was suppose to settle December 17th they extended it to January 8th, they are a large group and they outsource to other people to handle the in between.Just need to stay on top before and after settlement and look at your settlement statement in advance make sure fee's are in line.

If you consider your time to be worth $30/hour and you're spending 5 hours/month on property management, you'd be smart to account for that $150/month in your cash flow and ROI calculations.At very least, determine how much it would cost to outsource the work you do and account for the cost to outsource.

What is the price difference between doing the letters yourself versus outsourcing them?

It's generally as cheap, a heck of a lot easier, and faster just to have someone do it.As for bookkeeping, collecting rent checks from my P.O. box, answering phone calls... those are all relatively little time with big rewards.I also outsource the tenant placing... 1/2 months rent ($200 - 300) is much easier than driving up 3 - 10 times to show the apartment.

You can search anything on there and someone will do it for $5 (or increments of $5, depending on how big the job is.In my opinion, this is the cheapest and easiest way to build a website or outsource small tasks.

You can usually check on status of your deals or properties at lunchtime or from your mobile device.2) For your properties/deals, outsource/automating everything possible.

To connect with asset managers and outsourcer Asset managers, go to any real estate convention these days.