Hard Money Lender Virtual Assistant
Virtual Assistants for Hard Money Lenders – Private Lender Assistant
A Hard Money Lender Virtual Assistant can be used to achieve many goals.
At REVAS, we work with all types of real estate professionals from:
- the transactional side,
- to buyers and sellers,
- to mortgage lenders,
- to private hard money lenders.
In fact, REVAS CEO Marshall Hatfield cofounded a hard money lending company, Glassridge.
So we have direct, firsthand experience working in the hard money business…
…which means we know what it takes to help you grow, streamline, and automate yours.
Whatever goals you have in mind…
whether its lead generation for your hard money lending business, or outsourcing elements of your business (like the loan closing process or client relationship nurturing)…
…your Virtual Assistant can be trained and systematized to handle these tasks for you.
How It Works:
As with all REVAS tasks, your Hard Money Lender Virtual Assistant will be working with process-based training, not people-based.
That means whatever work they’re handling will need to follow a detailed, step-by-step Standard Operating Procedure or SOP.
This is especially important if the task you’re outsourcing to REVAS utilizing an Overseas Virtual Assistant.
We also provide U.S.-based Virtual Assistants if you need help on some of the higher level tasks like interacting with private lenders or with your investors.
In fact, a U.S.-based Virtual Assistant can be especially useful for hard money lenders when it comes to:
- reaching out to other investors in your marketplace,
- cold calling, and
- building new relationships.
Regardless of what tasks and objectives you’re using your Hard Money Lender Virtual Assistant to achieve, the process will be the same.
We’ll work with you to put together the Standard Operating Procedures for whatever workflows you want to assign.
We’ll start with whatever part of your business you know needs to get off your plate or you know that you need the most help on.
We always recommend picking one task to start.
And we’ll even build your Standard Operating Procedure together.
We’ll train your Virtual Assistant according to your existing systems and at no additional charge…
…then we’ll get them to work on a day-to-day, hourly basis handling whatever workflows you want to assign to them.
There are two big values you’ll find hiring a Virtual Assistant for your hard money lending business.
The first will be streamlining operations and saving your time.
The easiest way to use a Virtual Assistant in your hard money business will be to handle those day-to-day, repetitive, low-level tasks that don’t need your personal attention.
- data entry,
- to checking up on emails and voicemails,
- to doing basic research and property information reports.
All of these can easily be outsourced to an Overseas VA to free your time so you can focus on more important tasks that will generate revenue for your business.
The other important pro or benefit of a Hard Money Lender Virtual Assistant is that they can help you grow your business.
One of the best ways to use a Virtual Assistant will be as a lead generator:
- cold calling,
- sending followup messages, and
- even managing a modest direct mail campaign for you.
Your Hard Money Lender Virtual Assistant can help grow your business, get more loans closed, and make more money.
The biggest downside to hiring Virtual Assistants in your hard money lending business is that there are a lot of tasks that really require a CS touch.
Well, any menial admin duties can easily be delegated to an Overseas VA once you have the detailed, step-by-step Standard Operating Procedure to guide their workflow.
Any tasks that require much interaction with other
- or investors that are your clients or complimentary clients,
will require a U.S.-based Virtual Assistant to really get the job done right.
You need to make a good impression on these high-value targets…
…and you can’t risk burning contacts by appearing cheap enough that you’re outsourcing important phone calls to someone overseas.
The extra cost of a U.S.-based person will more than pay for itself in the improved performance that they will yield for your business.
So unfortunately for a lot of virtual assistant tasks in your hard money business, you will need to use a U.S.-based Assistant to get the best results.
Depending on what you need a Virtual Assistant to handle in your hard money business…
…you could get value with as little as 20 – 40 work hours per month using an Overseas Virtual Assistant for day-to-day menial admin duties.
Even an hour or two a day of an Overseas Virtual Assistant can help free up your time to focus on the more important components of your business.
On the other hand, we’ve worked with lenders using upwards of full-time U.S.-based Virtual Assistants for lead generation and lead nurturing.
This costs upwards of $3,000 per month, but they still get a great Return On Investment because they were focusing on high transaction value closings…
…and using that Virtual Assistant in a very high leverage way to ensure that every hour they were spending was going to generate substantial returns for their business.
So the work estimate for your Hard Money Lender Virtual Assistant can range from as little as 1 – 2 hours a day with an Overseas Virtual Assistant…
…to as much as a full-time load for a U.S.-based Virtual Assistant.
The key is deciding where to start, and that’s usually best if it’s only one task.
Focus on something that’s going to get you the greatest Return On Investment for the least amount of time, with the least effort.
From there, you can continue to build out your back office Virtual Assistant team to further streamline, automate, and grow your hard money business.