The Benefits of Running an Online Real Estate Business

Running an online real estate business is easier and much more profitable than most people think. Recent Real Estate Rockstars guest Chris Arnold earns hundreds of thousands annually with his virtual business, and he still has the time and the freedom to do the things he’s passionate about.

If you want to hear what it’s like leading a virtual team and get tips from Chris on managing online employees, listen to the podcast below. To explore the benefits of running an online real estate business, read on.

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An Online Real Estate Business Is Cheaper to Run

One of the most obvious benefits of running an online real estate business is that it’s far cheaper than running an on-site business. There are several reasons why this is the case, including:

Hiring Flexibility – When hiring for an on-site real estate job, it can be difficult to find quality employees who are willing to take on part-time positions. When hiring for a virtual real estate team, on the other hand, this definitely isn’t the case.

Many virtual employees actually prefer the flexibility of part-time hours, so you’ll have no trouble hiring qualified online staff members who can work as needed to get projects done. In other words, you’ll only be paying for the hours employees actually work.

No Office – Office space is expensive. Cutting this expense from your books entirely and running your business from home can save you thousands of dollars every month.

Plus, while your gas savings won’t be nearly as significant as your savings on office rent, it’s nice not having to regularly fill up your tank to and from work.

Online Real Estate Business Owners Have Flexibility

In addition to not having to commute to a brick-and-mortar office on a regular basis, you don’t really have to work regular hours. As the owner of an online real estate business, you have control of how often and how long you work.

Once you gain confidence in your virtual staff, most tasks can be delegated. Eventually, it’ll be possible to run a successful online real estate business in a hands-off manner, which means you can go on vacation whenever and wherever you want.

Managing a Virtual Real Estate Team Is Easier

Don’t you hate office drama? Everyone does, but it’s one of those things all business owners have to deal with – except for those who run a virtual office. With employees working together on tasks virtually, personal disputes are almost unheard of.

Oh, and if you think tracking and assigning tasks will be harder in a virtual setting, just try the two services that Chris uses to make online project management a breeze: Podio and Todoist. With them, it’s actually easier to monitor task progress than it is in most office environments.

Learn More About Running an Online Real Estate Business

Interested in learning more about running an online real estate business? Listen to the complete podcast with Chris Arnold for additional insight and suggestions on running a virtual team.

Also, don’t forget to grab Chris’ marketing tracker from our Free Agent Success Toolbox. If you use it consistently, you can accurately track your lead spend to bring operating expenses even lower.