Your real estate business needs these six types of people to survive and thrive.
No matter whether you are a small house wholesaling operation, a construction firm, fund, rehabber, or landlord with hundreds of units, these are the separate individual roles you need to have filled if you are going to hit your goals and maintain your gains.
The Visionary Thinker
You need the big picture thinker. The one who sees the vision and casts it for everyone else inside and outside of the organization. They lay down the idea for the business, and spend their time on strategy and the highest level items. Eventually you may need these thinkers and strategists to lead all of your different departments too.
The Builder
This architect or or designer breaks down the visionary’s idea into the parts that are needed to make it happen. Like an acquisitions team, lead generation, vendors to facilitate due diligence, financing and closings, and more. They layout the organizational structure to bring the dream to life.
The Doer
Not everyone can be a thinker or dreamer, or nothing will ever actually get done. You need the workforce that is happy slugging away at the daily tasks required to move the needle and keep things working. They run customer service, admin, handle sales calls, scout for properties and more.
Social Butterfly
The above personalities aren’t always the most social. They are busy thinking, and grinding it out behind the scenes. Regardless of how technically excellent everything else is done, you still need someone who thrives on being social. This is a people business.
The Frugal Bookkeeper
It is essential to have a dedicated, unbiased bookkeeper who just focuses on the numbers. It is their job to make sure the business doesn’t run out of money. They have to be separate to other departments so that they aren’t tempted to say yes to things just to hit the metrics for other departments they are involved in. They keep everyone else in check when it comes to spending.
The Manager
Someone has to manage all of these people. This isn’t a good fitting role for the visionary. It needs to be someone who excels in managing others and the finer details of the operation. This person brings together the doers and thinkers to realize the company goals.
Summary
You simply can’t do all of these jobs yourself. If you try you are sabotaging your own potential and what your business could be achieving. Which roles do you still need to fill to fuel your real estate business?
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- Frank Olaitan, Real Estate Investor, MD
"I can't thank you and your company enough for providing funding for our latest project, and right at the last minute. You came through with funding in less than 24 hours and coordinated with the closing agent and attorneys like you had been involved with our project the entire way. I'll know exactly where to call for the funding we'll need for our next project."
- Dave Pricken, Real Estate Investor, NJ
"Thank you so much! I just had a talk with our Realtor on both properties and told him amazing things about your company!... Normally I rehab the houses and re resells them. I just don't have the patience for that work anymore. This [transactional funding] is such a better way for me and less stress."
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- Phoenix Properties, LLC, Ronald Destefani, Investor, PA
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"To you I say, ”KUDOS to Best Transactional Funding and Thank you for providing the education and services to Real Estate Entrepreneurs like me. Please keep up the good work!'"
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"You each deserve high marks for your wonderfully quick response time to each of our questions and requests! You hit home runs with us! Your application system was easy to use. Our deal met your qualifications and every time Rob Kozak or any member of Mystic Properties, LLC phoned, we received a "real" person dialing back to speak with us.
Your patience and persistence were exceptional in dealing with our business interests. Thank you for such great customer service! We look forward to working with your staff, again, in the future. We like referring people to you, as us, our team would have missed-out on an excellent earning opportunity.
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- Diane McAdams, Mystic Properties, LLC, Real Estate Investor, Pennsylvania
"Boy, you guys are impressive! I can’t thank you enough for scrambling and getting my deal done at the last minute like that. You and your team were awesome!"
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- Ericka B., Real Estate Investor, CA