Why No Real Estate Investor Can Live Without An Assistant
By Alan Brymer Having an assistant is one of the best investments you'll
make as a real estate entrepreneur. Like all parts of your business
(and yes, buying, leasing, and selling houses is a business), they
require an investment of your money and also your time. You'll need to
invest a little money in order to hire, train, and compensate them for
their .
And, you'll need to invest some time to help them get the job done
right-more in the beginning and much less as time goes on.
In exchange for your investment in them, a good assistant will help you to generate much more
than you are paying (bringing you a rate of return that would make any
investor jealous). And, they will save you countless hours for every
extra hour you spend developing them.
Although many investors are hell-bent on trying to do it all themselves, or think they can't afford one, here is a partial list of reasons why you absolutely can't live without an assistant: • You will do more deals. Marketing is
probably the best thing to hire an assistant to do. They will help you
to execute advertising campaigns that you just would not have gotten
around to doing on your own. They can compile lists, print letters,
make calls, stuff envelopes, buy supplies, shop around for pricing, and
do plenty of other things that generate leads for you that you would not
have had the time or inclination to do otherwise.
• You will look more professional .
When people receive a call from your assistant, they will know that you
are a real player. It makes you look successful, organized, and
trustworthy. Your credibility with sellers will increase, which will
put them at ease and help you to get more offers accepted. Private
lender prospects will acknowledge you as a legitimate business and will
feel safer sending money to you knowing that you are not a fly-by-night
operation.
• You will have less stress in your life .
No one likes drowning in work. One of the worst feelings on earth is
to have more work due than you can possibly hope to accomplish in the
time available. Having an assistant will take a huge burden off of your
back, especially when they do tasks that you don't like doing or are
not good at.
• You will be able to build a team .
Having an assistant will help you to practice your skills at hiring,
training, and managing team members. They are the ideal "starter
employee" because they are not difficult to find and can immediately
begin doing simple tasks for you. And, there is almost always an
immediate use for their help. They will help prepare you to hire other
team members when the time comes, if you so desire, such as a
salesperson, renovations supervisor, or a purchasing representative.
• You will have a better lifestyle .
Isn't this one of the reasons why you got into real estate to begin
with? When I started my real estate investment company, I had visions
of lying around on the beach somewhere, living the good life while the
rent money poured in. Then, I found out there's actually a lot of work
involved. A good assistant will give you your life back so you can
spend it with your family, working on hobbies, or working on your
business (which is always more fun than working in it).
I have hired, trained, and managed personal assistants for years. I would never have experienced all of the
above if I had been stuck trying to do it all myself (and failing). A
good personal assistant will not only help you to grow your
business-they will give you your life back.
Alan Brymer is the creator of The Assistant Who Pays Their
Own Salary, and has been a full-time investor since his first property
at the age of 22. His business was named by the Utah Valley
Entrepreneurial Forum as one of the "Top 25 Companies Under Five Years
Old." To receive a Free copy of The 5 Key Elements to Running a
Systematic Real Estate Business, go to http://www.AlanBrymer.com/blog. . |