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All Forum Posts by: Elicia Boyd

Elicia Boyd has started 3 posts and replied 18 times.

Originally posted by @Barbara G.:

This as everybody has said is a price situation.  The only reason anyone would consider it would be if it offered PM services at a Lessor price then a PM would charge.  

How would you provide repair services at a distance? and in a market that you do not know?

Maybe if you just provide back end services like Book keeping and rent collection and the property owner does the maintanence calls???

 If the property owner has a maintenance crew and/or contractors that he/she have an establish relationship with; my company would directly notified that person with service request as well as the tenant follow up for direct feedback. Now if the property owner doesn't have a crew or contractors. We can contact local contractors and provide a list of vendors base off location, price, and our reference grading system.

Our reference grading system would cover us calling contractors references to see if the service was satisfactory and would they use their service again. After that point the property owner would have a chose to use one of our vendors or use their own.

Thank you for your response that was a great question! The pricing is something I'm definitely researching. The idea is to save the PM time and money with effective results.

Post: How I turned $10k into a $50k Line of Credit

Elicia BoydPosted
  • Atlanta, GA
  • Posts 18
  • Votes 7

Great story!! Very informative..

Originally posted by @Rick Baggenstoss:

@Elicia Boyd  I think your idea is good but your messaging is not so good.  :-)  I think if you had asked, " Would you pay 8% for a property manager who deliver superior results?

You need to pitch a better, faster, more convenient, and/or cheaper service.  Virtual Management is a way to support your strategy and positioning (probably cheaper or better because 24/7 possibly).  

Point is pick a strategy for what benefits you want to offer and figure out what to deliver the best, cheapest, fastest, and/or most convenient.    

 Thank you for your input and I agree with you 100%. 

Originally posted by @Franklin Romine:

Sounds like that might work but you fee will have to be minimal. You are covering the easy stuff.  Dealing directly, person to person is the art form.  When we master person to person relationships, people problems, we will all be very rich.

Frank

 I totally agree with you. I spoke with a few Broker's today that feel that's a service that's needed but providing a direct relationship can not be match. So I am going continue on with my traditional property management company I am starting and provide the virtual assistant service as an option. Thank you for you feedback. I definitely appreciate it.

Originally posted by @Account Closed:

@Elicia Boyd I misunderstood you by virtual company to virtual assistants! I've been using VAs for 6 months now.. Best $4.55 an hour I've ever spent. I use Odesk..

 No problem at all. I have a property owner that I provide this service for. He lives in Chicago and I relocated to Atlanta. I was thinking about taking on other clients but really didn't know if that service was in demand. Thanks a lot for your response again.

Originally posted by @Account Closed:

Hello Elicia,

Virtual assistants are getting more and more popular in property management.

We use virtual assistants for a lot of our data processing.

One of the things that we have our virtual assistants do is send a survey monkey survey out to our residents after a maintenance request has been completed.

Another thing that we have our virtual systems do is post our available rental properties on some of the rental websites for additional marketing.

We also use virtual assistants to update our property management software.

We have a different set of virtual assistants that specialize in handling after hour maintenance calls.

Virtual assistants make us much more efficient and free up our PMs to stay on top of their emails and phone communications with owners and tenants.

Good luck with your future endeavors in the virtual assistant world.

Kevin

 Thank you Kevin for you input. I definitely appreciate your response. Do the company you use charge a flate fee? I'm trying figure out what would be a very fair fee to charge.

Originally posted by @Account Closed:

@Elicia Boyd Honestly, I do not see this being efficient. I also wonder what you mean about 'virtual.' My company and assistant does all those tasks, all while taking pride with us building great positive  relationships with our clients. Just my 0.02.

 Thank you for responding.. Basically I would provide handle those task above without living in the exact city the property is located.  I would handle all paper work, software input, online property marketing and maintenance request. This allows the property owner focus his/her other duties networking, securing new properties and ect. I'm doing a little brainstorming to see if there's even a market for it so thank you for your input. I appreciate it a lot.

Hey Everyone,

I am thinking about providing a virtual property management assistant services. I think this service would be idea for someone who perfer to spend more time inquiring property while I handle office duties and be liaison between Vendors & Tenants. 

My 24/7 Service Would Include:

-Review Maintence Request

-Schedule Vendors

-Coordinate Between Vendors & Tenants

-Maintence Follow Ups After Work Completed

-Update Your Property Management Software

-Pay Vendors

-Basic Accounting

-Process Prospective Tenants Applications

-Notary Services

-Other Administrative Duties Upon Request

By me being virtual I can provide this service to people outside my local parameter. Do you think this service is indemand? And what would you pay as a flat fee for this service? Please don't hesitate to give any advice. I have 1 year experience of property management experience.  But in my eyes I'm still a newbie. 

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