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Short-Term Rentals for Long-Term Success (with Amber Knight, Rented.com)

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Raise your hand if you’ve ever felt stuck determining prices for your property rentals. An effective solution is to use information from the best in the vacation rental industry, Rented.com!

Today, we discuss optimal performance in revenue management for property managers with Amber Knight of Rented.com — a revenue strategy business that helps property managers and realtors earn more with less hassle.

MyOutDesk can save you up to 70% on employment cost
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Effectively Managing & Scaling Your Business

Look no further when you need to save time. MyOutDesk’s skilled virtual assistants can support your property management & real estate business, marketing efforts, finances, and documentation.

Leverage full time virtual assistants (at up to 70% less than the cost of a traditional employee) to head your digital marketing campaigns to maximize listing exposure.

 

Short-Term Rentals for Long-Term Success

Amber is VP of Consultant Services at Rented.com and is an award-winning growth leader with a proven track record of maximizing acquisition revenue while minimizing downtime.

What most property managers don’t know is that there is something called Revenue Management Services that helps make driving revenue much easier and achievable for property managers.

Educating people about Revenue Management Services (RMS)

Revenue Management Services helps property managers strategically price their properties in a way that maximizes revenue and is attractive to guests.

Strategists at Rented.com will go through and make sure every single night listed for vacation rentals is priced at the optimum rate. This service helps renters achieve their strategic objectives as well as making sure that that listing is marketed in such a way that is attractive to guests.

 

A benefit the vacation rental industry

Rented.com’s top-tier service includes ‘Rented Research,’  — a service they offer for in-depth market research and strategic planning.

The 2020 Rented Report has just been released on Forbes, USA Today and WSJ. This report is the next generation of home price indexing, forecasting, and analytics, to take this annual report to an entirely new level.

 

Strategic considerations when considering short term rentals
  • Rules, restrictions, and regulatory landscapes
  • Fly-to vs Drive-to properties: A drive-to market is more resilient than a Fly-to market, however, Fly-to’s will get you more revenue.
  • Diversification: if you can get international and domestic guests, that’s a really great market to be in.
  • Supply and demand
  • Matching the property with the vacation experience that the guests are looking for.
  • Hospitality: your outstanding services will make guests come back.

 

HOT TREND FOR 2020: Places in the mountains are performing better — as people are really into isolation and relaxation

 

To get in touch with Amber Knight at  https://www.rented.com/ and by email at [email protected] or [email protected]

 

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TURNKEY TALENT for Turnkey Investing + Property Mgmt. | Virtual Assistants at Memphis Investment Properties

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At first, Sean Tagge was a biomedical engineer who specialized in artificial heart research. His passion to connect with people and solve problems led him to a career change into real estate and turnkey investing.

Today, Sean is Chief Operating Officer & Partner at Memphis Investment Properties. Using his strengths in analytics, research, problem-solving, and engineering, Sean makes extensive use of data to make very informed decisions!

An important decision since 2018 — Sean has a team of 6 MyOutDesk Virtual Assistants.

Before hiring Virtual Assistants, Sean said “things would just fall through the cracks… If I just had someone to fill in these numbers for me, I’d be able to know if we’d miss something. With VAs, I can call 20 more clients if I don’t have to type these numbers”

He researched the data, and statistically found how answering calls is the key to drive results. With MyOutDesk VAs, they have 90% coverage to answer a call live at any time! If you need help or want to explore some ideas, schedule a free Strategy Consultation today.  

“With so many deals going in and out. Virtual Assistants free up time for me and for the acquisitions & sales managers to do more of the higher-value stuff. (Highest & best use of the people I’m paying.) VAs give them assistance so they can do what they’re best at, which is closing deals.”

Nowadays, the company flips around 300 properties per year and manages over 2,700 doors in Memphis!

 

Don’t do this alone, but with the MOD Family.

Free Grow Virtual Guide + Strategy Consultation

 

Sean’s MyOutDesk Virtual Assistant Experience

 

Tune in to find practically advice to best train and manage a virtual assistant team!

Instead of paying into a limited call center subscription, Sean created his very own internal call center. Where he can control all scripts, decisions, and monitor for feedback.

Scorecard System: How do you know if you’re winning a game if you can’t see a scoreboard? Sean set up all employees & VAs to see how they score and the progress they make daily, setting up the company and employees to best understand how to win.

Key Takeaways:

  • If you don’t have the experience, go find someone who can do it.
  • Compound leverage & delegate.
  • Have a service mindset.
  • Understand the learning curve in training.
  • Systems used: Podio and Investorfuse 1.0.
  • VAs are as good as you train them to be.
  • When VAs are told to do what they need to do, they do it forever and they do it very well — it’s great!
  • They got so busy, needed help—acquisition teams spending unnecessary tasks, taking them away from dollar-productive activities.
  • VAs helped them systematize .
  • The company sees at least 5x ROI than what they pay MOD VAs.

 

Don’t do this alone, but with the MOD Family.

Free Grow Virtual Guide + Strategy Consultation

Leveraging a Virtual Assistant is COMPOUND INTEREST: Entrepreneurs’ biggest swing | #DoorGrowShow

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DoorGrowShow Podcast: Link

 

The COVID-19 craziness has caused people to stress out and scramble to work remotely. This crisis is pushing everything forward technologically. Why not hire a virtual assistant (VA) to scale your property management business?

Jason Hull brings Daniel Ramsey, CEO of MyOutDesk to the DoorGrowShow! As a real estate investor & broker who loves doing deals and property management as a way to connect with others and create communities—Daniel also wants time to take a vacation with his family! This episode explains how any entrepreneur can do the same.

Top talent Virtual Assistants bring you a huge return on investment.
Claim a free Grow Virtual Strategy Session today!

 

“When I hired my first VP, in 2007, I was like most Americans: I had no idea how advanced and motivated people were. Back then, I owned a couple of different businesses, and over the subsequent ten years, I learned all that virtual professionals can do for a business from a talent and motivation perspective. I have also learned how rewarding it is to provide hope and opportunity to as many people as possible throughout the world by giving them wages and benefits that reflect their true value.”
The heart of the journey is getting the right people working for you.
The ability to leverage global talent makes it financially attainable, even
for smaller companies, to do so. America’s biggest companies already know
this, as we are beginning to discover.
Leverage is compound interest and entrepreneurs’ biggest swing.
When I hire somebody, I’m hiring them to grow my revenue. I’m hiring them to save money. I’m hiring them to own an entire process for my business.
The biggest cure for the economy is businesses and entrepreneurs staying productive.

You’ll Learn…

[02:52] MyOutDesk: Property managers find talent to inexpensively scale their business.

[04:05] MLS Porn: Scrolling through new investment properties on the market.

[05:05] Remote Reality: In 2018, 5% of America worked remotely, now it’s 50%.

[07:58] Work Culture: Maintain good team, quality interaction, and customer service; and reduce operational/overhead costs.

[15:00] Steps to Scale: Assess business, compound leverage, develop plan, craft outcome, start interviewing, launch, and training.

[25:48] Match Values, Not Personalities: Define who you are as a person and company.

[33:15] Go Remote Guide: Tips for working remotely with new technology.

[35:08] Push vs. Pull Leadership: Communicate, don’t micromanage.

[44:15] MyOutDesk Mission: VAs need to be indispensable and irreplaceable.

[46:15] Pricing vs. Cash Crunch: Do you need help? Can you afford MyOutDesk?

[53:52] Care ROI Concept: Emotion is what creates memories.

Top talent Virtual Assistants bring you a huge return on investment.
Claim a free Grow Virtual Strategy Session today!

Wendell Burris: Property Manager Scales To 3,000 Doors With Virtual Assistants!

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“No selling, no buying, we are strictly property management,” says Wendell Burris of Minnix Property Management – but with 3,000 units in management, that’s more than enough to keep his team busy! On the side, Wendell has applied the principles he’s learned from property management into the realm of real estate investing – with great results!

In this exciting webinar, you’ll learn about Wendell’s success in building & scaling a successful property management team, the obstacles that they’ve had to overcome, and how he’s leveraged his knowledge of property management into a successful real estate investment portfolio. While you’re watching, don’t forget to schedule your Double My Business Strategy Session to find out how to leverage MyOutDesk virtual assistants in your business!

 

Back when Wendell got into property management, his team wasn’t structured for success – but over time they developed a formula that’s guided the growth & scalability of their business into the massive machine that it’s become today.

Minnix Property Management is a group of experienced, highly-trained staff who are committed to providing the best possible experience for owners and residents. While competitors only offer a single person to handle resident needs, at Minnix Property Management, they’ve worked hard to upgrade the standards of customer service by providing an entire team of specialists.

Property Management is an important and sometimes overlooked part of the real estate industry, and in today’s webinar you’ll learn exactly why it’s important to familiarize yourself with it in order to build a strong, diverse real estate career – and like Wendell, give you important knowledge that may assist future real estate investment activities. Achieve more – the first step is getting the help you need to reach the next level in your business. Schedule your Double My Business Strategy Session to get started today!

Rent Philly’s Massive Growth & Time-Savings With Virtual Assistants

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Boots Levinson is a top-producing Philadelphia real estate agent and the Principal at Rent Philly – and also a MyOutDesk client who fell in love with our virtual assistant services! We’ve helped his team of agents delegate repetitive lead-qualification tasks and paperwork to our expert virtual assistants, which lets his team focus entirely on their own area of expertise.

“MyOutDesk has really revolutionized our business. We’d generate rental leads, hand them off to our agents, and have those agents reach out. We needed a better way to use the time these agents were spending to get these leads ready to go out on tour. It’s been remarkable what we’ve been able to accomplish with MyOutDesk. I can’t tell you how many hours you’ve saved for our agents.” – Boots Levinson

Boots has worked hard to build a highly-reputable team of knowledgeable, professional agents who share a genuine commitment to innovation in assisting clients with buying, selling or leasing property. Over time this led to a highly successful real estate sales, rental & property management business, and MyOutDesk is proud to help support his success! Schedule your Double My Business Strategy Session now and learn how a MyOutDesk Virtual Assistant can help scale your real estate business too!

 

Rent Philly prides itself on going the extra for service.  They provide clients more than just listing info, and also deliver useful information regarding building design and systems, management, amenities, finances and documentation. They also offer fully customized digital marketing campaigns to maximize listing exposure, along with offer full-service property management, utilizing a fully integrated online system. All of these tasks are resource intensive – areas that delegating administrative tasks to virtual assistants directly benefits.

Boots says, “Virtual assistants, inside sales agents, and outsourcing our tasks – it has been vital for us. We really consider our team family, so if we are reducing hours spent on repetitive tasks, it frees up your time so you can work on more meaningful projects, and more ways to expand. I love helping our agents in that way…. On average, an agent will take one hour to qualify the lead, over the life of that lead for one transaction per rental. That’s calling, followup, texting, all that stuff – plus paperwork, and then two hours to go out on tour. We’ve been able to reduce the amount of time that our agents have had to qualify by one third.”

Schedule your Double My Business Strategy Session today and find our how a MyOutDesk Virtual Assistant can support you to boost your business.

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