Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 9 days ago on . Most recent reply

User Stats

536
Posts
53
Votes
Bob Lachance
  • Specialist
  • West Hartford, CT
53
Votes |
536
Posts

Why 73% of REI entrepreneurs are leaving $50K+ on the table annually

Bob Lachance
  • Specialist
  • West Hartford, CT
Posted

Fellow investors,

Brutally honest question: How many hours did you spend last week on tasks like...

  • Uploading photos to listing sites
  • Responding to tenant inquiries
  • Updating spreadsheets with property data
  • Researching comps and market data
  • Managing contractor communications

If it's more than 5-10 hours, you're literally paying yourself minimum wage to do work that doesn't scale.

Here's the math that'll make you sick: If you're earning $150K+/year from REI, your effective hourly rate is ~$75. Every hour spent on $25/hour tasks costs you $50 in opportunity cost.

Do that 15 hours/week for a year? You just lost $39,000.

But here's what's crazy—most of us KNOW we should delegate, yet we don't.

I just deep-dove into the psychology behind why successful REI entrepreneurs resist virtual assistants, and the findings are shocking.

The 7 barriers killing our productivity:

  1. Trust issues (even though we trust contractors with $50K renovations)
  2. Control addiction (the same trait that made us successful now limits us)
  3. Knowledge gaps (we know how to analyze deals but not how to hire VAs)
  4. False economy thinking (saving $1,000 while losing $10,000)
  5. Fear-based myths (mostly outdated horror stories)
  6. Communication concerns (totally manageable with systems)
  7. Perfectionism (the enemy of scale)

The investors crushing it? They've systematized their operations with VAs handling everything from lead qualification to property management coordination.

One BP member told me: "My VA handles all my initial tenant screening. I only talk to pre-qualified prospects now. Saves me 15 hours/week."

What's your biggest hesitation with VAs? Drop it below - I'll address the common ones.

TL;DR: Your resistance to VAs isn't logical, it's psychological. The investors who break through these barriers scale faster while working less.

Loading replies...