When it comes to property management, you have to consider if you’re willing to leave your rentals in the hands of a stranger and if the service will be worth the investment.Managing property is challenging, especially when facing multiple clients with varying needs.
The good news is you don’t have to go at it alone with the help of a property management VA.What does a virtual property management assistant do?They help you to reduce fixed costs as well as handle back office administration.
Some of the property management tasks they commonly perform are:General managementFiling important communicationsListing new and relevant profilesUpdating your calendar with the essentialsManaging your email inbox including sending repliesContacting clients interested in any propertiesSending messages to potential clients and tenantsUsing tools and software for end-to-end managementAdministrationReviewing property leasesSpeaking with tenants regarding their concernsMaking cold calls for lead generationScheduling viewings and meetingsMaking and inserting survey images and extractsTranscribing reports and lettersUpdating the relevant softwareProperty researchResearching facilities that appeal to clientsScreening prospective tenantsEvaluating availability, competition, and schedulesGathering data for lease renewals and valuationsResponding to enquiries and booking reservationsUpdating listings and finding leadsGenerating the necessary reportsLegal documentationFollowing up vendors and tenantsHandling planning permissions, auctions, and land registrationsChasing stakeholders and clients for legal documentationManaging business and personal legalitiesSourcing and completing legal documentsSharing statements, tax documents, reports and moreMarketingMaintaining external and internal property databasesMaintaining building systemsAssisting with the accounting and/or bookkeepingHelping portfolio managers with rent collection and other tasksPreparing marketing information, plans, and budgetsFiling and marketing vacanciesNow that you know what you’re paying a virtual property management assistant salary for, read on for the other perks of outsourcing.Is it worth outsourcing property management?The real estate market is slowly reviving despite the ongoing pandemic, resulting in many countries changing into property hubs.
Investors always have the choice to handle everything on their own but many prefer to outsource due to the time savings.Truly, there are numerous benefits when you hire a property management assistant including:Accessing global talentOpen yourself to outsourcing property management so you gain access to a pool of world-class candidates.
This helps you get the best VAs in the industry.Meeting changing needsDifferent companies have different business processes and models.
Your deadlines are met, your bills are paid, your calls are returned, your messages are replied to, and so on.Promoting work-life balanceThere aren’t enough hours in a day to accomplish all of your tasks so it’s worth getting some help.
