Remote Real Estate: Defining the Experiment
Real estate investors are always talking about “independence”, whether they’re referring to freedom from a day job, financial success, or being able to live wherever they want. Recently I spoke with someone who said “someday I’ll run my business from my yacht” but when I asked how far away “someday” was, he said "20 years." I don’t know about you but I’m not waiting 20 years for my yacht, that’s way too risky.
My business coach recently introduced me to the concept of “digital nomads”. These are people with portable jobs who live all over the world utilizing technology to do their work. Unfortunately for me, I’m a real estate broker, and my business is hyper-local so there is no way I can have that location independence, right?
But why not? My team operates virtually, holding our meetings online. We have clients that we’ve never laid eyes on, who have purchased property from other states or countries. I rarely meet the broker on the other side of a deal anymore, in fact group closings with both buyer and seller at the table have become more of an exception than a rule. Other than physically walking through a property, I could be in Timbuktu and no one would know the difference.
So I’m going to put that presumption to the test. I’m going to spend the next three months running my business remotely with the help of Hacker Paradise - one of many travel programs jumping into this space, look there’s even a resource just for Women Digital Nomads! HP will organize my accommodation, my workspace and internet access, and facilitate development education for me and the other members of my cohort. In 33 days I will land in Jeju South Korea to meet everyone. We’ll spend a month in Korea and then spend another month in Chiang Mai Thailand, plugging our laptops in at cool co-working spaces like JSpace & Camp AIS.
Through this blog I will share how I prepped my business, how I chose which program to participate in, and what goes right (and wrong) along the way… funny videos included. If you’ve ever dreamed of working from your yacht, island, or spaceship, then please follow along.