#73 with Bob Lachance: Creating Systems to Power 700 Real Estate Transactions
Millennial Millionaire Real Estate Podcast
English - September 15, 2020 14:53 - 53 minutes - 97.5 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan Farber interviews Bob Lachance on his road from chancing his way through his first successful flip to creating a system that has powered over 700 transactions. Bob is a real estate investor, entrepreneur, mentor, and brand manager, who has mastered the use of virtual assistants to optimize a pipeline. In this episode, we break down topics like: finding a mentor, getting started using virtual assistants, hiring virtual assistants effectively, and more!
Top Takeaways:
Finding a mentor as a new investor- 15:00 - 17:00
Find a real estate meetup and ask around
Get the consensus on who is the best in your field of interest
Go to that person and offer to help them in any way you possibly can
After a while you will start to know enough to contribute skills and not just grunt work
Getting started with virtual assistants - 18:00 - 22:00
Make sure you know what your real estate niche is in order to determine your tasks
For wholesaling, the primary tasks are finding buyers and motivated sellers
A VA can be assigned to develop your buyers list through Facebook, LinkedIn, etc.
A VA can also be assigned to marketing tasks for finding motivated sellers
Sites including FB Marketplace, Zillow, Craigslist, or government lists or tax liens
Video walkthroughs can quickly communicate how to execute these tasks
Hiring virtual assistants the right way - 30:00 - 41:00
Hiring yourself off Upwork or other platforms can be very time consuming
Know going in what roles you need filled
Within a role you should know exactly what responsibilities the assistant should have
The more specific you are in the hiring process the more effective your VAs will be
If you do decide to hire on your own, do a systems check to ensure backup connection access
The benefit of a VA agency is that they do all the heavy lifting for you
They will often connect you with exactly the right VA for your needs
How to bring value to Bob Lachance:
Send questions to the Friday Coffee Break Podcast
Leave a review
Resources:
Book by Atul Gawande: The Checklist Manifesto
Social Links:
biggerpockets.com/blog/contributors/boblachance
Connect With The host, Jonathan Farber Here!
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/