Do you want to be a businessman and a traveler at the same time? Well, in the world of Real Estate, that can be true. You can check the best real estate company to work for part-time and travel at the same time.
Real Estate is 50% business and 50% investment. You invest and earn income, and you run the business by managing your property and assets. For a start, you must do everything and learn everything about the system. However, in the long run, you must seek to gain personal freedom as well.
To maintain your business, you must have a steady profit and cash flow to pay for your system, technology, and staff. Then, when you’ve learned the business, you can consider traveling or doing whatever you need to do with your free time.
Yes, there may still be some duties you will need to perform as a businessman (e.g., paying bills, bookkeeping, or approving tenant applications), but that will probably only take about 5 hours of your week.
So, with all that in mind, here are some vital tools you can use to help you gain personal freedom in your Real Estate Brokerage business.
An Online Software that Manages Your Property
There are several online management software available that will help you:
- List and promote your available rentals online
- Market online applications
- Screen tenants and collect references
- Do online lease
- Allow online payments
- Check tenants’ documents, bills, and balances
- Track maintenance
- Hire people to inspect your property
- Handle management accounting
Fees may start at about $40 per month. That’s quite expensive. So, make sure you have several properties at hand to make your payment worth it.
A Less Costly Smartphone Service
When traveling internationally, calling and using data may be expensive, and mobile plans can charge a minimum of $150 per month for data, excluding international calls.
The good news is that there are plans that offer unlimited calls, texts, and data to get you through the month for only $15 to $30 per month. For example, Americans get mobile services from Republic Wireless, which offers them unlimited call, text, and data as long as they have a WiFi connection. Anyone can almost do anything with a WiFi connection. Another example is MagicJack, which only charges $35 per year for you to get an internet connection wherever you are in the globe.
A Bank with Online Services
Most banks offer online banking services now, which makes investing and traveling possible in the world of Real Estate Brokerage. While being away from your area of business, you can pay your bills or pay your agents in just one click.
Also, you can opt to use your credit cards, which makes it possible to pay bills through the phone or the internet. Choose either of these solutions, and you will be able to settle all your business bills without needing to be physically there.
Though there are other tools that can help you in your Real Estate Brokerage business, the three mentioned above will most certainly help you gain the personal freedom you’ve dreamt of as a businessman.