Outsourcing, according to Wikipedia involves the contracting out of a business process to another party and includes both foreign and domestic contracting, and sometimes includes off-shoring (relocating a business function to another country).
For example, real estate investors often hire Filipino workers for lower that American wage and delegate daily tasks that can be done remotely like data entry, seller calls, social media management and more. Outsourcing does not always involve employing a foreign virtual assistant (VA), it also encompasses employing local people to help put out bandit signs, prepare mailers and more sophisticated investors even have folks to go to appointments and handle their sales department. This is all part of outsourcing.
According to JLL’s new report, The Converging Priorities of CRE Outsourcing, instead of looking for traditional vendors, some of the world’s leading companies are seeking real estate service partners who act more like management consultants than property service providers. These partnerships are more collaborative and innovative, and help drive the entire enterprise to become more profitable and productive. This is the definition of Outsourcing 4.0, the new era of commercial real estate (CRE) outsourcing.
In real estate, there’s an ample opportunity for outsourcing. All sorts of smaller jobs can be lifted from the shoulders of your agents and handled by someone else (usually more adept at the task at hand) for a reasonable fee. This frees up your agents so they have more time to do what they do best – list and sell property.
There are plenty of freelancers, both international and Australian, ready and willing to work for you on countless websites like freelancer.com, elance.com and peopleperhour.com, fiverr.com. to name a few. Visit these sites and check them out; you’ll find plenty of people who are ready to tackle all kinds of tasks for you.
There is no definite period to begin outsourcing in real estate. The best time to start outsourcing is when you have a good plan of what you want to achieve with your marketing campaign and also when you outline your budget how much you can afford to on a weekly or monthly basis so you don’t run out of funds before sending out that mailing campaign.