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Commercial Real Estate Investing

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Kim Hopkins
  • Investor
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Using a Virtual Assistant for Bookkeeping, Expenses and What Else

Kim Hopkins
  • Investor
Posted Oct 6 2019, 10:52

Hi!

We are overwhelmed trying to manage our current real estate portfolio and in the process of another acquisition. I have two questions:

1) Does anyone recommend using a particular virtual assistant company like Upwork or something like that for recurring work? Is it better to just hire a specific individual as a contractor when needed?


2) WHAT tasks do you outsource? I can think of bookkeeping (entering P&Ls into QuickBooks or spreadsheets), making our Expensify reports... what else in the real estate asset management lifecycle could we outsource? Following up with tenants for rents? We use property managers for our multi-tenant buildings but have single tenant ones out of state we manage ourselves. What else? Entering health insurance receipts for our personal insurance claims? 


Any help brainstorming what we can outsource and to whom would be much appreciated!  We also have two young kids so I'm open to outsourcing personal home stuff as well if anyone has ideas. Wish a virtual assistant could fold laundry!

Thanks,
Kim

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