Sourcing new talent, training new team members, and retaining them afterwards is another constant struggle. It's a challenging and tiring cycle that's hard to break out of.
To tackle these hurdles, many Australian real estate companies are turning to remote real estate support teams. These specialised teams can handle various property management tasks and offer numerous benefits to help property managers maintain a healthy rent roll while achieving a better work-life balance.
4 advantages of leveraging remote staff for property management
They increase efficiency
Remote professional real estate staff manage a wide array of property management tasks including tenant applications, lease renewals, compliance issues, maintenance requests, and more. Passing these responsibilities to remote staff allows you to focus on strategic growth and core business activities.
They are scalable
Remote teams can be easily scaled up or down based on the needs of a real estate business. As the rent roll expands, additional team members can be brought in to handle the workload effectively. This flexibility ensures that property management tasks are efficiently managed without overwhelming the onshore team.
They can help cut costs
Hiring remote staff leads to significant cost savings: there's no need for additional office space, equipment, or infrastructure. Plus, remote staff are more cost-effective compared to onshore employees, which reduces overheads and expenses.
They are talented
Remote professional real estate support staff provide access to a pool of skilled professionals with expertise in property management. Buddle can help you source individuals with specific skills and qualifications tailored to the unique needs of your real estate office. Remote professionals can help you overcome the challenges of finding and retaining experienced professionals.
How do you determine the size of your team?
Buddle helps Australian real estate businesses with a range of property management tasks. We can help you determine the appropriate team size for your business and circumstances. A remote support team for property management typically consists of 1 to 5 members, depending on the specific needs and size of the real estate office.
We recommend the below:
Rent arrears: One team member per 1,000 properties
Lease renewals: One team member per 1,250 properties
Repairs and maintenance: One team member per 1,250 properties
Routine inspections: One team member per 1,500 properties
Property leasing: One team member per 2,500 properties
Marketing: One team member per 4,000 properties
Quality assurance and reporting: One team member per 5,000 properties
Buddle’s nine-step process helps you source qualified professionals to build a virtual support team tailored specifically to your needs. Embracing remote staff can not only help property managers grow their rent roll but also contribute to a healthier work-life balance for the local team.
Reach out to the team at Buddle today to discover how a remote professional real estate support team can help you achieve growth while restoring work-life balance.