How to Build a Successful Real Estate VA Business

Paramount to the skill, dedication to hard work, and desire to provide a valuable service to the real estate agent, is the depth, and strength of your business plan.

If you want to build a successful real estate VA business, it all begins with the formulation of a comprehensive business plan, or plan of action, detailing the steps you need to take in order for your real estate VA business to be a success. A business plan for success is comprised of many components, each of which holds equal importance in the ultimate success of any business; in your case a successful real estate VA business. You should begin by learning about the specific regulations your state imposes on the real estate activities that can be performed by a virtual assistant or VA. You can learn this information by checking with the Real Estate Commission for your state. For a partial listing of states and their regulations regarding the activities of VA’s please use the following link.

http://www.virtualcas.com/Real_Estate_Virtual_Assistant_Laws/National_Directory.htm

The next part of your real estate VA business plan should be to decide if you will be offering your VA services from your home or if you will be leasing office space for that purpose. Regardless, of whether you start your business from home or if you lease office space there will be “overhead” expenses that should be included in your business plan. Expenses such as monthly rent (if leasing space), installing extra phone lines or computer ports where needed, business cards, office supplies and equipment, advertising, research, computer software, website hosting, consulting fees, and association and organization membership fees. Your business plan should include a budget for all of these items, and more, which are necessary for the everyday operating of your real estate VA business. The next steps you should undertake is to conduct a thorough research of real estate VA market trends such as common pricing structures of the services you will be performing as a VA, the marketing strategies used by industry leaders, where are you most likely to find those who would be most interested in your services, and what competing VA’s are doing. Having a comprehensive-understanding about these things will help you to create a business plan for success. Although it isn’t a requirement for VA’s to hold any certifications to work as virtual assistants, it might be worthwhile for you to consider becoming certified through a VA Association because of the clout that such certification represents to a good many of the realtors who outsource work to VA’s. Some realtors even use VA Associations as a means to finding VA’s to outsource work to. Finally, your real estate VA business plan should include plenty of patience, perseverance, and a dedication to constantly improving your skills and marketability as a VA. It’s not easy starting your own business, the first year of any business can be especially “trying” as you get your feet wet. But the pay-offs of being able to schedule more time with family and taking vacations when you want are definite advantages to working for yourself. To make your transition into a real estate VA a little easier, might we suggest joining one of our networking communities. You can find a description of our networking communities for the real estate professional and the real estate VA at the bottom of our Home Page http://www.virtualcas.com with convenient links so that you can get connected with the networking that gives you the added tools you need to succeed in your real estate VA business Today!

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