Real Estate Virtual Assistant – What is it and How do you get started?
A few days back, I had no idea you could work from home in the real estate industry WITHOUT having to become a real estate agent!
Becoming a real estate agent demands considerable (if not HUGE!) investment depending on the state you are in. After all, you are required to pay for licenses, fee, courses, marketing materials, etc. Not everyone is ready for this kind of investment.
So, what do you do? How do you make money online in the real estate industry?
Well, I have some good news.
You can work as a real estate virtual assistant. It is a completely online role and you are getting paid to work with real estate agents and help them with a variety of tasks! How cool is that?
The obvious questions follow –
How do I become a real estate virtual assistant at home?
Do real estate virtual assistants make good money?
What skills do you need to become a real estate virtual assistant?
Do you get real estate virtual assistant jobs easily? What is a real estate virtual assistant job description?
In this post, we will talk about all the aspects of becoming a real estate virtual assistants. Without wasting any further time, let’s start.
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#1 What does a real estate virtual assistant do? What is a real estate virtual assistant job description?
Before we talk about what is a real estate virtual assistant job, let us cover a bit about virtual assistants in general.
If you have no idea, a virtual assistant is someone where you offer a service in exchange for a fee. You can check out this post on how to become a virtual assistant – a complete guide and how to become a virtual assistant who charges $100 an hour.
The scope of services a virtual assistant can provide is really huge. You can offer as many as 150+ virtual assistant services.
Note: You can also work as a Pinterest manager (which is in really high demand!) and earn $40k+ a year. Check out this post on how to become a Pinterest virtual assistant.
A real estate virtual assistant helps realtors in their day to day tasks of running a real estate business. You will be responsible for
- Organizing paperwork for a real estate transaction
- Email management
- Social media management
- Creation of marketing materials
- Preparing and proofreading listings
- Provide market research etc
#2 Is there ample demand for real estate virtual assistants?
The Association of Real Estate License Law Officials (ARELLO) estimates that there are about 2 million active real estate licensees in the United States. That means, there are 2 million people in the US who could be your target clients.
Real estate agents run their own business and have a lot of tasks that can be delegated (which in turn gives them the time to focus on what they should be doing – showing properties and closing deals). They are constantly working on marketing, sales, transactions, listings, etc which takes up a lot of their time and real estate virtual assistant could really save the day.
Why not an assistant?
Because no one who is focused on growing their business wants to waste time in teaching you how the industry works. They want to delegate tasks without having to worry whether you understand how it works or not. Real estate virtual assistants are well versed with the industry and can help with revenue-generating tasks.
While realtors can definitely hire an assistant, using a real estate virtual assistant will give them more options and security in terms of quality work. They can delegate more than just calendar management and distribute flyers. Check this out to know more about virtual assistant and real estate industry.
Now that we understand what is a real estate agent and is there a demand for it, the next question is pretty obvious –
#3 Why do real estate agents need virtual assistants?
Considering there are no industry standards processes and systems in place, real estate agents often find themselves under a pile of work. They have to deal with different aspects of the business all by themselves.
- it is a difficult task for real estate agents to constantly follow up with past and future clients. However, this is important for the growth of any business.
- Nowadays, it has become mandatory to have social media presence and real estate often find themselves in a fix. They either do not have the time to build a presence or have no knowledge of how to go about it.
- Real estate agents should prioritize showing properties and generating leads instead of emerging themselves in paperwork and boxes.
These are just some of the pain points for real estate agents which virtual assistants can solve. A real estate virtual assistant can step in, create processes and systems that can free up an agent from “additional tasks” so they can focus on selling more homes.
#4 How much does a real estate VA make? What is real estate virtual assistant salary?
Just as other virtual assistants, you can get paid $15-30 an hour with bonuses when a home sells. You can also work out a retainer arrangement. For example, a 20-hour week can translate into a $2,000 per month retainer fee.
As you grow and gain more experience, you can charge $30+ an hour.
#5 How many hours per week does a real estate virtual assistant need to work?
When you are working from home and freelancing, there is no upper limit on the hours. It depends on your availability and wants to work. There are plenty of opportunities and real estate virtual assistant jobs to take on for you.
#6 What skills and VA training are required to start?
First and foremost, you DO NOT need any prior knowledge of the real estate industry to become a real estate virtual assistant. Of course, if you have experience or knowledge in this domain, it is an add-on.
Let’s assume you have minimal to no experience – which makes it important to start off with the right tools and training if you are aiming to scale and become profitable quickly.
Look at this way –
When a real estate agent decides to hire a virtual assistant and outsource his work, he/she really DO NOT want to spend time teaching the basics. Right tools and real estate virtual assistant training will help you impress, land high-paying clientele and be confident in your discovery calls.
If you are serious about taking on this work from home job, you need to check out this training.
Because it gives you detailed insights into the pain points of agents and straight from an agent’s mouth – this makes it easy for you to speak to your target clients and exploit the pain points to convince them to hire you.
The training includes
- Training on actual real estate processes
- Task-specific training. For example, listing preparation workflows, transaction management, social media management, email management, etc.
- Teaching tools that every real estate VA should know of
- Business hacks and tricks to become successful right from the start
- Process of finding clients,
- How to pitch them effectively
- Setting your rates
- Providing students with a clear picture of the ROI for an agent working with a VA,
- Taxes etc.
It also contains bonus materials, like:
- an onboarding checklist for new clients,
- a social media posting checklist,
- links to extra tutorials,
- email templates,
- a real estate process cheatsheet,
- a glossary of terms for real estate VAs and
- homework at the end of each lesson designed to keep you engaged and taking action with what you’re learning
They have also included a video so you can hear firsthand about the ins and outs of being a real estate VA. Check it out here.
#7 How do I start a real estate virtual assistant business?
Considering this a high niche market, your first step should be to invest in yourself and your business by getting real estate specific virtual assistant training. The specific training program will also set up on the path to success.
#8 Where can I find work as a freelancer?
There are tons of places to look for work as a freelancer. The best of all are –
- Looking in your immediate network (friends, family, and acquaintance)
- Pitching clients directly (email)
- Marketing with blogging and guest posting
- Using social media networks like LinkedIn and Facebook
- In-person networking events
- Job boards
#9 Is real estate virtual assistant for me?
If you have the willingness to learn, real estate virtual assistant could be a great option for you. A few other traits that will add –
- A people’s person (this is an added bonus and if you do not have it, it is okay!)
- Interest in real estate (huge bonus!)
- A great communicator
- Ability to manage tasks
- Eye for detail
If you are nodding, then this is for you!
Look – if you love the idea of becoming a real estate virtual assistant, then you SHOULD NOT worry about
- Not having adequate knowledge about the real estate business
- Being unsure of what real estate virtual assistant services does an agent need
- Feeling confident in meeting clients needs
- How to market yourself and land clients
- How to go about packaging or selling services
#10 A little more about the real estate virtual assistant course online by Horkey Handbook
The course is created by a licensed real estate agent and his virtual assistant. It covers –
- Essential real estate terminology
- New listing coordination
- Client communication
- Social media
- And more!
Along with the awesome information, you also get the following –
A final piece of advice for those looking to become a real estate VA?
Go for it!
If you have interest in being a virtual assistant, you can learn everything else on the job. You do not need to know anything right from start.
Check out “Start a blog with ease” series and get started with your blog
Join my Facebook community and post your questions, wins and get the support
Resources that will help you start freelancing and work from home –
Resources that that will help you understand and start freelancing
Skillshare – Skillshare is my go-to place to learn a new skill without having to splurge hundreds of dollar. It is an online learning community where you can explore thousands of classes in design, photography, business, and more. You can get started with a free trial using my link and get access to hundreds of courses.
How to find and pitch clients your freelance services – Are you tired of looking for clients on Facebook groups and job boards? Did you land clients but they offered you peanuts? Well, the only thing you are missing in the picture is to learn how to find and pitch clients your services directly. Using the methods in the book, I was able to make $900 in the first month of freelancing and it has only grown from there. Check it out.
Become a work at home mom – A FREE training session that comes along with a workbook and guides you through the entire freelancing journey. Not only it tells you what is freelancing, but it also tells you the various option and how to go about establishing one (without any INVESTMENT cost).
FlexJobs If you are a freelancer, you should sign up with Flexjobs. It will help you go through great flexible job listings from legitimate employers quickly, easily, and safely. Every single job on FlexJobs is hand-screened for legitimacy, with no ads or scams mixed in, and every single job offers work flexibility such as telecommuting, freelance, part-time or other flexible options.
This is all about how to become a real estate virtual assistant
There are so many real estate virtual assistant jobs available today and we talked about the best real estate virtual assistant training in the market. Do you have any questions? Comment below and let us know!
Also, grab this list if you are looking for other online and offline work at home jobs