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How to Make Passive Income through Virtual Property Management

Make Passive Income through Virtual Property Management 

One of the most popular ways to generate passive income in the modern age is through short term rental agreements. The success of platforms such as AirBnB, VRBO, and HomeAway has led to a huge upsurge in popularity and unlocked incredible profitability. However, as we all know, property management is far from easy. This is why you need to get involved in virtual property management.

The biggest problem facing anyone involved in short term rental properties is time. If people are going to be staying in your properties then you can rest assured there are countless factors to take into consideration.

Tackling all of these takes time. And, for many businesses, this time may not be available. Or it may come at a premium which renders it barely profitable. It’s a scenario which has left many property managers shaking their heads.

Certainly there are profits to be made in short-term rentals, but how do you maximize your profit?

The answer is surprising simple: embrace technology. Advances in communication technology mean that it’s now possible to take on a virtual assistant. And this virtual assistant can help drive your virtual property management service.

What is a Virtual Assistant? 

The internet has connected the world together and made it a much smaller place. Communication has been the main beneficiary of this revolution and, in turn, this has allowed virtual assistants to become a reality. Imagine an empty workstation, but one which remains fully productive. It’s an exciting prospect, but how can you get an empty chair to deliver results? Easy, you fill it virtually.

All a virtual assistant needs to connect with your business is an internet connection and a PC. It really is that simple. The ability to connect seamlessly with your business from anywhere in the world has never been easier.

With the speed of a wireless connection, there's no lag and you can hold your connection in place all day. Therefore, with a set of login details, a virtual assistant can connect to your IT network within seconds. And this is where your virtual property management starts to flourish.

A virtual property assistant may not be located in your physical location, but this doesn’t make them any less capable. In fact, they can match an in-house equivalent in practically any task. When it comes to short-term rental properties, communication is one of the cornerstones of success. Commonly used in these key tasks: 
  • Handling and answering booking queries from customers
  • Schedule management to ensure that properties are correctly filled
  • Contacting a cleaning company once guests have checked out

The skills of a virtual property assistant allow them to handle these tasks with absolute ease. And, best of all, there’s no need for a virtual assistant to be based in your office. But this isn’t where the benefits of virtual property management begins and ends. There’s much more to discover.

The Benefits of Virtual Property Management 

Working with short term rental properties can be a lucrative proposition if you do it right. If you want it to be an entrepreneurial endeavor that is truly successful then you need to partner up with a virtual assistant.

It’s important, however, to understand exactly what you’re getting with a virtual property assistant. So, let’s take a look at the benefits on offer:

Affordability

If there’s a way to cut costs and remain just as productive – if not more so – then there must be a catch, right? Well, when it comes to a virtual assistant there is no catch, only reduced costs. The most obvious cost benefit to this relationship is the reduction in additional outlay such as sick pay, 401k contributions, taxes and holiday pay. And these costs all add up to a significant amount. But with a virtual worker there is no need for these additional costs. Savings are guaranteed and can be invested elsewhere in the business.

Flexibility

Virtual property assistants are the epitome of flexibility. Happy to schedule themselves around your workload, they are available at short notice and can accommodate your needs. So, for example, if you only need them for two Mondays every month they are available. And, to push the point, if you need them every day for three months then, you guessed it, they are available. This flexibility allows your virtual property management service to adapt quickly to changes and guarantees that your customers are taken care of.

Productivity

The remote nature of a virtual property assistant allows them to remain focused on the task in hand. An office, after all, is home to numerous distractions. But a remote worker isn’t exposed to these disturbances. This means that they can fully engage with their workload. Tasks are completed faster and more efficiently, but with a substantial reduction in mistakes. As a result, your virtual property management service will start inching ahead of the competition.

Delegation

It’s common for leadership to hold on to time consuming tasks that would be better delegated. But the labor required to delegate to is, all too often, not available. And this can seriously impact the way in which your business operates – delegation is crucial. Thankfully, the opportunity to delegate within virtual property management is more realistic with a virtual assistant on board. No longer do those fiddly tasks need to be left to a last-minute rush; instead they can be delegated to a virtual assistant and quickly completed.

24/7 Coverage

One of the most appealing benefits of a virtual assistant is that they allow you to expand your hours. Short term rental properties are full time concerns and virtual property management needs to tackle this effectively. A standard 9 – 5 shift will be able to cover most issues and enquiries, but not all of them. And this is where a virtual assistant will pay dividends. Thanks to their flexibility, a virtual worker can be installed to cover evening shifts where customer concerns can be addressed and administrative tasks completed.

 

Benefits of Virtual Property Management

 

Enhance Your Virtual Property Management 

Passive income through short term property rental is a fantastic revenue stream to integrate in to your portfolio. But it’s not as straightforward as it sounds. The demands involved in advertising properties, maintaining them and, of course, arranging rentals is tough.

Is it impossible? No, far from it. And you can increase your chances of success by hiring a virtual property assistant.

Packed full of attractive business benefits, a skilled virtual assistant can make passive income a hassle-free reality.  They can help you to enhance productivity while, at the same time, minimize your costs. It’s a rare combination, but one that is readily available.

Find Your Virtual Property Assistant Now!

All you need to do is reach out to Pineapple Staffing. With years of experience in sourcing and vetting virtual assistants, Pineapple Staffing can connect you with an amazing virtual assistant. We want your virtual property management service to be a success and we know how to help you.

Our pricing is the lowest in the industry at just $8 per hour, but it gets better. With no contracts and no setup fees we can provide you with fantastic value. And, best of all, our virtual assistants are ready to start at a moment’s notice.

The future of property management is here and it’s virtual. Your workforce can now be anywhere, at any time. Instead you can choose from the cream of the industry and reap the benefits. Pineapple Staffing wants to help you achieve this, so get in touch today.

Be one of the many who’ve entrusted their virtual assistant needs with Pineapple.

Book a FREE Discovery Call today and let our Sales Specialists share to you the many ways a virtual assistant can help you and your precious business.

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