In this episode, Latoya looks at the best and most effective way to structure your letting agency so that you get the best returns and the benefit of increased well-being with a smaller and more efficient team making effective use of processes and systems

If you want to start a letting agency or incorporate one into your property business in a way that is positive for your profit margin then this is the episode for you

KEY TAKEAWAYS

• You need to be able to utilise your team effectively and they need to be able to carry out their designated roles independently
• Review the people in your team, the roles they fulfil and if they give a good return for the business
• Your top employed staff should be at the front of the office and low-level tasks and activities should be outsourced
• Virtual assistants are structured and you only pay for the time they are completing work for you
• Having fewer employees is better for your mental health, you can sometimes end up with a bigger business without wanting to be there
• Networking is key and something your employed staff can effectively do for you to grow your business

BEST MOMENTS

‘Within a letting agency virtual assistants are what makes the difference’

‘Decreasing your staff costs will make your business more profitable’

‘We run our letting agency on self-employed and virtual assistants’

VALUABLE RESOURCES

Store: https://stan.store/Outsourcing_Your_Property_Business

Facebook page: https://www.facebook.com/outsourcingyourpropertybusiness

Facebook group: https://www.facebook.com/outsourcingyourpropertybusiness

Youtube: https://www.youtube.com/channel/UC8RnL3J1m-bPDhCBtRisuVQ

Instagram: https://www.instagram.com/outsourcing_your_property_biz/

Tiktok: https://www.tiktok.com/@outsource_your_prop_biz

ABOUT THE HOST
Latoya McDonald started her property career in her teens as a Real Estate agent before relocating from New Zealand to England in 2011.

In 2012, she started Harcourt White, a lettings and property management company based in Cornwall. With a keen interest in HMO, local property investment, and systems and procedures, Latoya is passionate about coaching like-minded property investors to get the most out of their businesses while maintaining a healthy work/life balance.

This show was brought to you by Progressive Media

Hosted on Acast. See acast.com/privacy for more information.