Virtual Personal Assistant in Real Estate Industry

Virtual Assistants in Real Estate

Real-Estate Market Landscape Market Size CAGR: 3.9% (2014- 2019

US$ 1.1 Trillion in 2019

• High quality life, disposable income and economic diversity are the key factors that are driving the strong growth

• The top 5 markets that’s booming currently in the US are; Austin TX, RaleighDurham NC, Nashville TN, Charlotte NC and Boston MA

Trends in Real-Estate Industry • Similar to other industries, real-estate industry is also experiencing the wave of technology and advanced techniques to identify risks • According to Deloitte, companies have to focus towards transforming themselves by: • Placing Tenant Experience First

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• Raising Data Security to Focus on Data Control/ privacy • Embracing AI for Operational Efficiency

Trends in Real-Estate Industry (Con...)

“Since the commercial real estate industry began, location, location and location has always been the traditional mantra. Not anymore • In our 2016 smart buildings report, we predicted the new mantra will be location, information, analytics” (Deloitte) • Despite these advancements, companies are struggling with serious issues. This is where, virtual assistants can bring a value add to your organization

Top Pain Areas in Real Estate Industry

Managing Multiple Properties at Once • While the industry has majorly relied on word of mouth and personal referrals, the trend has definitely changed these days • Internet has revolutionized the way real-estate companies maintain their reputation

• 72% of customers trust online reviews- they act as personal recommendations and referrals in the current digital era • Increased smartphone usage than never before

Managing Multiple Properties at Once (Con…) • Close to 56% of buyers are looking for homes using smartphones. So, doing SEO, social media marketing and email marketing will drive the growth

• Specialized and skilled virtual assistants can ease out your tasks • Personal virtual assistants can provide responsive well-designed website, compelling content and implement robust SEO strategy so you stay on top of your competitors

Managing Reputation: • Managing properties takes time and patience • If process is not structured, it may lead to headache for the individual due to the complexity involved • Moreover, some individuals fail to understand the importance of customer service and become unsuccessful

• So, virtual personal assistants can be a value add in providing comparative analysis, uploading and tracking listings and scheduling feedback management

Managing Reputation (Con…)

• All put together, personal assistance service companies can enable you to free up your time so your core/ critical activities are given more importance • You can stay tension free while all your back-end business support are taken care by your virtual assistants

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