Why Shared Services are a Smart Investment for Real Estate Investors
As an investor, one of the best markets to put money into is real estate. Growth is happening in many areas, which means that you have to strike while the iron is hot. Unfortunately, however, real estate investing can be expensive if you’re trying to do everything yourself, which is why so many new investors think that they need massive amounts of capital to do anything worthwhile.
Fortunately, that’s no longer the case. With the rise of technology and cloud-based software services, it’s never been easier for investors to pool their resources together for mutual benefit. Shared services with other investors can save you a lot of time, energy, and money, which helps you improve your bottom line and make even more out of your investment.
With that in mind, we want to take a look at the various shared services you can expect to find in the real estate market, and how each one can improve your prospects when investing.
Pooled Seller Lists
When investing in real estate, a significant part of the industry is finding sellers who are desperate to unload property, which means that they’re much more willing to sell it at a discount. When you’re able to buy real estate at lower prices, you can improve your profitability and ensure better long-term success.
If you were to try and enter this field by yourself, you would have to scour for sellers on your own. Some people are naturally good at sniffing out these types of people, but many new investors (and some veterans) are not, meaning that they could be missing out on a lot of investment potential.
When utilizing shared services, you can get access to seller’s lists that would otherwise be unavailable for individual investors. By pooling resources, you can find properties much faster and facilitate investments and start earning money more quickly. Not only that, but the lists are managed and updated by your network, meaning you don’t have to do anything to find new listings.
When you use shared services for real estate investing, one element you’ll benefit from is having access to more marketing tools, as well as more substantial outreach potential. Rather than finding a few properties and generating the materials on your own, you can use marketing tactics and solutions that have been proven in the field.
Typically speaking, individual marketing campaigns for buying new property (i.e., direct mailers, online marketing, etc.) can only get a handful of responses. However, with shared services, you can vastly increase the number of homes you market to, which will increase your response rate. This way, you have more options when deciding which investment is right for you, rather than having to “take what you can get.”
Virtual Office and Assistants
As an investor, you may have unlimited free time to manage your listings and investments, as well as potential leads and marketing materials. However, in the real world, most investors don’t have the kind of resources necessary to manage all of their paperwork and materials, meaning that they’ll lag behind the competition.
Fortunately, new technology makes it much easier to use virtual assistants to handle most of the workload. Instead of having to do everything yourself, you can use shared services to take on the bulk of the “busy work” associated with real estate investments and management. These virtual assistants will enable you to work less and earn more on your properties.
One thing to watch out for, however, are shared services that don’t have dedicated personnel to handle your work correctly. In some cases, these virtual assistants are little more than AI software, which means that you can experience a variety of issues and setbacks.
Instead, you want to find shared services that use trained staff and personnel that will strengthen your investment strategy, not detract from it.
Training and Community Support
As a first-time investor, the industry can be more than a little overwhelming. While trying to figure things out on your own is possible, why not facilitate a smoother investment process by using shared services?
When you have access to these options, you become part of a larger community, meaning that you can get support and advice that will help you make the right decision. Rather than learning by “trial and error,” you can use the knowledge of experienced investors to make smarter choices and earn more money in the process.
Check Out REIvault.com
If you’re interested in shared services, then you’ll love REIvault. We provide access to a wide range of opportunities and investments that will help you build your portfolio and earn more money in the long term.
Don’t try to figure things out by yourself – instead, tap into our experience and expertise and see how it can help you get more out of your investments.