Property Investors - Why use a Virtual Assistant

May 21, 2013

Property Investors - Why Use A Virtual PA?

Having run a Virtual P.A. Business for several years, I often get asked - why would I want to use a Virtual Assistant? This blog is for the Property Investors & why they might use a VA

You have a property portfolio, and Letting Agents managing it, they will have found a tenant, carried out the relevant checks, prepared a moving in inventory, taken deposits and ensured the move in is carried out.

Your new tenant is living in your property - and every month you pay the Letting Agent to “manage” your property. They check your rent is paid, they answer the phone to your tenant if there is a problem or query, they will find a contractor as needed, and charge on average an extra 15% on the bill. By using the letting agent to just find the tenant, you could save money dealing with the contractors direct.

Many property investors have a number of properties and do not want the tenants all calling up with their latest problems - the gas fire won’t light, a tile has blown off the roof, the toilet is leaking, then they have to find a reliable contractor, get a quote, and organise for the work to be carried out. So they pay the letting agent to manage the property. What is the alternative?

The letting agent finds the tenant and manages the move in, the property is handed back to the landlords office. The landlord has a virtual assistant who takes the calls from tenants, sources contractors as necessary, organises gas and electric safety checks, insurance renewals, contracts renewals and informs letting agents if new tenants need to be sourced.

Virtual Assistants can offer so much to Property Investors - but you only pay for the time you use. Call Michele or Jo today on 01902 585222 for more information on how we can help YOU!

0

A Strange Way To Get Rid Of Clients!

November 15, 2012

Having worked with a supplier for 10 years, they have suddenly put a Direct Debit system into place. I don’t have large bills from them, normally about £50, so I sign up for DD, they also agreed to take this month and last months invoice together, great!
Having just checked my bank account, I discovered they had taken £200, obviously a slip up, I must have a word. I checked my last invoice, £50 for services and £80 for late payment fee!
You have probably already guessed what I have done! Service cancelled!
It did make me think though, when we are upgrading systems or changing practice, make sure that are clients know what is happening. These guys are a very small secondary supplier to me, I spend about 12 times the amount with their competitors, and they are always asking to have more business. Unfortunately they occasionally let me down, there might be a problem, only really small things, this time I think 62% increase for late payment is a little too steep.

1

The Hidden Costs Of Call Handling

September 27, 2012

The hidden costs of call handling

I recently conducted some research in to the costs of call handling and was quite staggered with my findings. Companies offering “our prices will not be beaten”, “beat value for money” and similar packages, are actually charging for all sorts of other hidden “extras”

Set up costs
My research has shown charges as high as £48 for setting up a line for clients to divert their calls to, in some cases there is also a cost for setting up the out of hours voicemail anything up to £10

Non Geographic Numbers
Many companies seem to be insisting on their clients using non- geographic numbers and charging a premium for geographic numbers - a further £10 per month. Often the reason the non geographic numbers are given is so that the company gets a “kick back” on the calls that come in, the client may also incur higher diversion costs to non- geographic numbers.

Text & email messages
Messages sent by text can incur additional costs of up to 15p per call, I even found one company that charges £1.56 per email sent

Diary Management
Most clients can integrate a Google calendar into their systems, it is free, can be backed up to a server and works with most mobiles, iPads, Outlook and many more, therefore costs of £25 per month to manage the diary, in my opinion, are quite excessive - bearing in mind that the client is already paying for the call to take the booking.

No long term contracts
Having checked out a number of sites that allow immediate sign up with no long term contract, I was surprised to find that the 1 month contract had to be paid for an initial period of 3 months, or in some cases 12 months. Call me old fashioned but “no long term contracts”, when a monthly option is on offer surely means I can have a contract for 1 month!

Extra calls on call packages
These were quite surprising costs varied from 99p per call to £1.99 per call. Some companies will charge for another “bundle” of calls meaning the client can end up with the one call over the package could cost an additional £49.99.

I never realised what a minefield it is when trying to find a company to carry out call handling, well I guess it’s not something I look for on a regular basis! Just to reassure my clients - I don’t have plans to introduce any of the above, so you can still refer with confidence!

Virtually Yours

Michele x

0

Call Handling versus Answering Service

July 7, 2012

What is the difference between a call handling service and an answering service?

An answering service is just that - the call gets answered and a message is taken and passed on to the client, the process is complete. With call handling the call might be patched through to the client, or an appointment booked, an order taken and processed or a message taken and passed on, however it doesn’t just stop there. Once the client has received the details, they will often message back to the call handler giving details of what to do next on their behalf - call the client back, send information on, maybe even call someone else to get more information - the list is pretty much endless.

Call handlers will rarely let on that they are virtual to the clients business, they get to know the business of the client and can work as part of their team, being pro-active with the calls to ensure the customer has a positive experience.

Many clients choose a call handling service when they have just missed an opportunity for business, a new client to I’m Your P.A. was tied up in an important meeting, missed a call to his mobile and discovered he had just lost an opportunity of £700 worth of business - unfortunately his answering machine had not been able to manage the expectations of the potential new client. So whether you are considering an answering service or a call handling service, both options are far superior to an answering machine.

For more information visit www.imyourpa.co.uk

0

What a week!

March 13, 2012

Well we have had an eventful week here at I ‘m Your P.A.
From diary management to call handling services, debt chasing to customer service calls we keep adding extras services to help our clients grow and manage their business. Recently we have started gaining speed with Social Media. We have about eight clients on board that require regular tweeting, we schedule a week’s tweets at a time for them using Hootsuite, they are able to provide as much or as little content as they choose, we will also then retweet and engage in other tweet interactions on their behalf, thus building their following
As Mother’s Day is just around the corner we would like to remind everyone to look after the special lady in their lives, if this year is anything like last year we will be receiving the panic requests on Friday afternoon for the bouquets, restaurant bookings, theatre visits or maybe even another helicopter flight!
Just remember we are only a phone call away and if we can help take some of the stress out of your busy schedule we are there to help - just give us a call and see how quickly we can set up a line for you. I’m Your P.A. – we are Virtually Yours! xx

0

We do more than just handle your calls.

March 8, 2012

I was asked the other day what exactly does a Virtual P.A do
My answer was
“What exactly does a Virtual P.A Not do???”

Our main role is to answer all the calls you are unable to answer yourself so of course you do not miss that all important client. However if the phone is not ringing we do not sit around and drink Tea as implied.
We are able to make out bound calls on your behalf as well. So we can chase any of your outstanding debts, follow up on your quotes and also make cold calls to rally up more business to keep you busy.
We are responsible for many clients Diary management and will schedule your appointments whilst checking location and drive time.
However we do pride ourselves on being specialists for letting agents as we have over 5 clients on our records. We always ensure we find out the callers needs before helping them find the property that suits them if we have your stock list.

0

Top 5 reasons to hire a Virtual P.A-

February 14, 2012

Top 5 reasons to hire a Virtual P.A-
1: Never miss a phone call- let you virtual P.A take calls for you.
2: More free time to spend with your family and friends.
3: More time to work on your growing business.
4: Reduce your business overhead costs. No need to provide benefits, office equipment or office space. You don’t even need to provide a paid lunch hour, hoildays or sick pay!
5: No need to train staff. Virtual P.As’s come equipped and trained in their speciaility areas. For example Powerpoint slide presentations, didgital dictation.

0

Why hire a virtual PA?

February 7, 2012

Never miss a phone call, as we take them for you.
Reduce your business overheads, only pay us for the work we do.
We even do your boring tasks such as Data entry and chase your aged debt.
Give us a call to find out more. Tel: 01902 585 222

0

January 31, 2012

Today’s article is written by Karyn Greenstreet, Karyn is a Self Employment expert and small business coach. She shares tips, techniques and strategies with self-employed people to boost clarity and focus, create sustainable motivation, and increase sales and profits. Visit her website at www.PassionForBusiness.com. I would like to thank Karyn for allowing me to share this very informative article and hope you find it useful too.

copyright © 2007, by Karyn Greenstreet. All rights reserved.
For over 15 years I worked with an assistant who came to my home office and helped me with the administrative side of my business. When I moved away from the area 18 months ago, I lost her services.

I had two choices: look for another administrative assistant nearer to my new home office, or delve into the world of “virtual assistants.” A virtual assistant does not come to your office. Instead he or she works from their own office and assists you via phone, internet, fax, and email.

When I looked through the list of all the tasks I wanted an assistant to perform, there was no reason why this person couldn’t be located anywhere in the world. After careful research I hired an assistant who lives 2,500 miles away, and although we’ve never met in person, we’ve formed a strong foundation which helps my business run smoothly.

The Benefits of Using a Virtual Assistant

There are many benefits of using a “virtual” assistant versus bringing an assistant into your home office.

• You don’t have to share your computer, or set up a second computer, for the assistant to use. A VA uses his own equipment and computers. In addition, you don’t have to set up an extra desk in your office for an assistant.
• Instead of having a fixed schedule of hours each week, with a VA you only pay for the hours you use.
• You can hire a VA to work a specific numbers of hours per month on a retainer which guarantees availability. Some VAs work on a per-project or per-hour basis as well.
• You can find VAs with specific skill sets, from certified QuickBooks specialists to those with graphic, internet, marketing, or technical skills.
• VAs own their own business, so they know what it’s like to be self-employed.
• A VA works as a consultant, not as an employee. Therefore, you won’t have to pay employment taxes or benefits for your VA.

Some of the Drawbacks of Hiring a VA

Not all VAs are created equal and you don’t want to be paying someone to learn on the job. Some are new to the assistant industry and have a lot to learn about helping a self-employed small business owner. Some have excellent technical skills while others labor with using a computer or the internet. Some have great customer service skills while others struggle to keep in touch with you about the status of your projects. Some work part-time and are only available for limited hours per week. We’ll talk further about selecting a VA below, but be aware that it’s up to you to interview the VA and determine if his skills match your needs.

Some VAs are taught that they should be a “partner” with you in your business. On the surface, this sounds great. However, I have heard too many horror stories about VAs who did things without asking permission, from modifying website text to changing established class titles. Make sure you are clear about the boundaries of what your VA can do without your permission. I prefer that my VA takes the extra time to ask my permission, rather than taking it upon herself to do something that might negatively impact my business. Many self-employed people are not looking for someone to “take over” running their company; instead they want a professional who can assist them with specific tasks and projects.

When Is It Time To Hire A VA?

It’s a rare entrepreneur who doesn’t feel overwhelmed wearing all the hats and doing all the tasks alone. But when is the right time to hire a VA?

First, look at your task list and determine which tasks should be delegated. Don’t fall into the trap of thinking, “I can do this so much faster and better, I won’t delegate this task.” The question isn’t whether you can do a task; the question is whether you should be the one to do the task. Think how you will use all the time you free up from administrative tasks to create more income for your business.

Second, look at your budget. How much can you afford to spend? Remember to add into your budget calculations the fact that you’ll be able to generate more income, and design more products and services, with the time that is freed up by hiring a VA.

What Should You Consider When Hiring A VA?
• Click. I interviewed many self-employed people about how they chose their VA. Almost every single person said that the first thing they looked at was the VA’s personality: was there a “click” between the VA and the entrepreneur? You want someone who is friendly, enthusiastic, and detail-oriented, with extraordinary customer service and follow-up skills. He should be confident without being arrogant, articulate, a good listener, and comfortable to speak with.
• Professionalism. Does the VA answer her voicemails and emails in a timely manner? Does she answer her phone professionally? Does she put you on hold to take another call? If she promises to send you something, does she follow-up quickly? Does she treat you with respect? If she treats you well in your initial conversations, then it’s likely she’ll treat your customers well, too. (After you hire a VA, it never hurts to follow up with customers and ask them how your VA treated them.)
• Project Management. It also helps if the VA has good project management skills. Over time, you are going to be giving her a huge number of tasks and you need to know that she can juggle all these tasks, understanding priorities and deadlines, while also juggling her other clients’ needs.
• Skill Set. There are many, many tasks that you can delegate to your VA. It helps if you have a list of tasks you want your VA to perform, and make sure during the interview process that you review that list with a potential VA to determine if she can do all those tasks. Does she have the skills you need to do the work required?
• Technology Skills. Most self-employed people rely upon technology to help run their business, from QuickBooks, to websites, to Microsoft Word. Using technology can help your office run efficiently and save time and money. With this in mind, it’s critical that your new VA have excellent technical skills. Ask him what software products he knows how to use, and how well he knows them. Make sure your new VA uses the same software that you are using, so that you can share files. If you have a website, ask the VA if he knows how to do website maintenance (and ask how many websites he currently maintains). If you have technology associated with your website, like an online shopping cart, ask the VA if he knows how to maintain your specific shopping cart. Finally, if your VA needs new software to be compatible with your own systems, determine who is responsible for paying for this specialized software.
• Image. Take a look at the VA’s website. Are all the words spelled correctly? Is the grammar acceptable? Does it have a consistent and neat look? A VA who doesn’t pay attention to her own website probably won’t pay attention to your work either.
• Availability. Does the VA work full-time or part-time? Is he available evenings and weekends (if that’s when you work)? What time zone is the VA located in? While I have nothing against part-time VAs, I found I needed someone who was available during my full-time working hours.
• Experience. It’s important to determine how long the VA has been doing this type of work. While it’s helpful to know how long she has been a VA or an administrative assistant, it’s more important to learn how long she has done the tasks that you want her to do. She may have done them for a previous employer for many years. There’s always a bit of a learning curve as a VA learns your particular business, but you shouldn’t be paying for her to learn new skills unless they’re unique to you and your business.
• References. Can the VA give you a list of people whom you can contact who will tell you about working with him?

How Much Should You Pay For A VA?

Virtual assistants have a wide range of fee structures. Some charge by the hour, some work on a monthly retainer basis (a certain number of guaranteed hours per month). Some charge a sliding scale: a lower hourly rate for common administrative work and a higher hourly rate for high-end skills, like website maintenance or database management.

In my research, I’ve found the range to be from $20 - $80 per hour (£13.50 - £55.00 per hour), depending on experience and skill. This is one field where you get what you pay for, so if you need a highly skilled VA, pay the money, and get the best. I can’t emphasize this strongly enough.

A virtual assistant who prices herself too cheaply may be a sign of lower skill set, lack of self worth, or just plain poor business strategy. When a business owner prices her services too low, she automatically sets herself up for cash flow problems, the leading cause of businesses failing in the USA. You want to make sure your VA is around for a long time to serve you. This is a person who will save you time so that you can spend that time making more income for yourself.

Also consider that you might hire multiple VAs with specific skill sets. For example, hire one who focuses on your bookkeeping and another who focuses on implementing your marketing campaigns.

How to Find a VA

While you can use on online referral or directory to find a VA, I would recommend you first ask for referrals from other small business owners. Hiring a VA is a very personal decision and it’s good to have someone to talk with, who can tell you about a particular VA’s strengths and weaknesses before you call to interview the VA.

Conclusion

Finding the right virtual assistant for you is an important task; give it the time and attention it deserves. Whether you ultimately choose to hire one VA to do all your tasks, or multiple VAs with special skill sets, make sure you get it in writing: how much you’ll pay, how many hours a week or month the VA will work, how often you’ll be invoiced, confidentiality agreement, etc.
Then start delegating those tasks!

0

Virtual Assistant

January 24, 2012

I am a virtual assistant
So, you see I’m not really here
I will help folk at a distance
By making sure their desk is clear

I don’t need any office space
And I don’t even need a chair
Cos I’m not based at their work place
So I’ll never get in their hair

I will answer all their phone calls
And I’ll chase their aged debt
Their on line diary I’ll install
I’ll organise their lives - no fret

I’ll learn about their business
I will become one of their team
All their customers I’ll impress
To grow their company is my dream

So I need you all to help me
Cos there’s certain clients that you know
They’re desperate to be admin free
If their companies are to grow

So this week please listen out for
One of your clients who might say
This is hard – I can’t cope much more
And tell them there’s another way

0