Description

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

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