The thought of automating your real estate business sounds awesome, doesn’t it? Well, IT IS! For the first 10 years that I was in business, I did everything myself. I mean EVERYTHING. Once you start dissecting the business, it becomes apparent just how much thought, energy and work goes into a closed transactions. It doesn’t make that much of an impact when you first start out, because you’re eager to learn, anxious to get to that first closing, so you do “add on” a little bit at a time, until you’ve come full swing and closed a deal.
There are various reasons for automating your real estate business. A common reason is that you have another full time job and you want to tell your boss to bite the bullet! (Always my favorite). Perhaps you’ve learned the fundamentals down pat and you want to create a real business. Maybe, like in my case, You just got bored with the repetitive, time sucking tasks that were all required to make the business run.
I remember in 2006, I started “complaining” about not wanting to go look at houses. I had been in the business for 8 years, and I felt like I had seen everything at that point. I also realized that SOMEONE has to go look at these houses. Sellers will lie and tell you that the house needs paint and carpet, when really its a total disaster.
Creating a real estate business that runs on auto pilot is a sophisticated process. It needs to be well thought out, and executed so that everyone on your team knows what their role is, and what the goals of your company are.
If you’re considering (or are in the process of) automating your real estate business, keep reading! I’m going to reveal the top 3 real estate automation mistakes that real estate wholesalers can make when automating their business: