Friday, March 7, 2008

Real Estate Virtual Assistants Can Help Agents Balance the REO Workload.

As a real estate agent, you know that the more BPO’s you accept, the more money you make and the higher your rating will become with the banks that offer BPO’s. But as an agent your time is valuable and the time you may want to devote to BPO’s is being spent in listing, marketing and transaction management. So if you are really interested in expanding your business into the realm of BPO’s, how can you do this?

Partner with a real estate virtual assistant to obtain more BPO’s and perfect your REO Marketing.

Did you know you can set up your system to allow the real estate virtual assistant to accept as many incoming BPO orders as you want? You do not have to be in the office to accept them. Also your REVA can pull the comps and tax records for you if you do not have the time.

Let's face it, the BPO forms do take time but if you can correctly leverage the skills of a real estate virtual assistant and your time, you will be able to offer these services.

What about the REO Marketing portion? How can a real estate virtual assistant help? Below is a list of some of the duties that can be taken off of your plate.

  • Schedule property repairs
  • Take care of turning on and off the utilities
  • Order trash services
  • Take care of lawn services
  • Order pre-inspections
  • Vendor monitoring
  • Accounts payable and receivables

Marketing activities can be delegated such as:

  • Uploading images to MLS, updating property information
  • Distribution of flyers to agents, and buyers
  • Scheduling open houses and maintaining showing schedules
  • Completing your monthly marketing report
  • Feedback reports.

And much more!!

If you think that BPO/REO Services is something that you are really interested in, but did not think you had the time to do, why don’t you discuss your options with a real estate virtual assistant.

Roxanne Tidmore, NAR Certified REPA

Questions about BPO's?? What A Real Estate Virtual Assistant Can Do?

With the surge of foreclosures, more real estate agents are incorporating REO services into their business. As they accumulate more, they are realizing that they need help to complete the BPO forms and the REO Listings.

I have been contacted by several agents over the past months that need this assistance.

But some are not sure how an online real estate assistant can help them. It is important to be able to delineate the tasks that the agent is able to do and those that the assistant can do.

For example, some agents contact me and state that they want me to give them a list of institutions that they can work with and how to obtain more BPO's from the institutions. Some even want me to help with the valuation of the REO property. It is important to know that it is the responsibility of the agent to search, apply and develop a relationship with REO institutions. And also to take care of duties such as valuation of the property. Knowing this can help the work process flow more smoothly when an agent is working with a real estate virtual assistant.

One important point to remember is that the real estate assistant is there to help once the agent has obtained the BPO and/or the REO Listing. The assistant can capture, fill out and obtain comps for the BPO Form. The assistant can also help with the administrative duties for the property preservation, REO Listing and even the REO Reimbursements.

These are just a few experiences that I have had and thought I would share them to help agents who are searching for BPO/REO services.

If anyone has any other experiences or suggestions, please feel free to share them!

Roxanne Tidmore, NAR Certified REPA