Hiring help to make the most of your time

There are so many things you can accomplish every day. As your business revenue increases, you should start looking for ways to delegate lower-value-hourly tasks so that you can focus on performing higher-value-hourly tasks.

There are three things you should never delegate: your financial controls (the checkbook), your legal (interactions with the attorney), and your marketing. Consider hiring help for everything else.

As a control freak, I can hear other control freaks’ sphincters tense and their heart rate increases. Take a deep breath and relax. Delegating can be challenging, but it will be fine.

First things first, start by getting an administrative assistant. I have had some amazing administrative assistants over the years and some not so great. Incredibles make you look like a superstar and can do administrative and organizational tasks better than you can (and yes, I think you’re already a superstar in them, so these amazing administrative assistants are superstars). An administrative assistant won’t cost you nearly what you think it will cost, and you can hire them part-time to get started. I would also recommend that you let them document the training you give them so that the next one you hire (and it is very likely that you will end up hiring again) will have documented systems to start with.

Administrative assistants are generally paid by the hour or by salary. For almost everyone, I paid around $ 10 an hour (plus occasional unannounced bonuses – read some psychology books on why you might want to use random and unannounced rewards if you’re curious about this).

When you hire other help, such as someone to sell or occupy your houses, or someone to help you buy houses, consider converting it to a commission-based position. You don’t need to create a large monthly salary obligation to get help and grow your business to the level you set your goals.

While I started this article by telling you not to delegate marketing, I want to clarify and say that it does not mean that you need to call the newspaper to place the ad or that you have to take out the flyers or mail the articles. You need to write and plan your marketing, but your administrative assistant, sales coordinator, or purchasing coordinator can help you implement it.

In my opinion, your ability to do what you do best and then delegate the rest will make the difference between massive success and mediocrity in your real estate investment career. Happy Delegation!