Hockingstuart

Client Case Study – $177,000.00 savings in 1 year through Outsourcing and Efficiencies.

In this less than 2 Minute case study I share:

  • What the business looked like before they started outsourcing (including the number of staff and their roles) and how it looked 1 year on
  • The tasks the local PMs completed pre and post outsourcing
  • The tasks they outsource to their VAs
  • The tangible results that business gained throughout the process

One more important point to note is while you are seeing a reduction in total local staff and overall count, at the time the client had been looking to employ 2 Assistant PMs and was having issues finding them locally.

Over the first 12 months they had their Assistant Accountant, Maintenance Manager, Assistant PM and Property Manager resign. Instead of replacing them they increase the teams portfolios by 17%, increased tasks of the to 2 VAs and employed a 3rd VA to handle maintenance and accounts.

We Partnered with the client to assist with finding and performance managing the right people, assisted with integration and worked to upskill the VA in how to adapt the VA to their way of doing business.

How we work with Hocking Stuart

We were Proud to be involved in the recent Hocking Stuart Directors Conference on the Gold Coast and thought to say thank you to all those we met over the few days and provide you with a little more information on how we work with Hocking Stuart clients.

As you may know we are an outsourcing business that supply dedicated Virtual Assistants that are up-skilled and trained in YOUR way of doing business.

Our Australian & Philippines team has developed proprietary core templated real estate processes & procedures that have been adapted to an individual agency. Each task specifies the involvement of the local Australian staff and offshore team members, including benchmarked data around time.

The overall objective when working with clients is to give business owners and teams a proven, cost effective and safe way to outsource their Real Estate admin, allowing the business owner to focus on profitability, growth and increase the customer experience.

Outsourcing for over 10 years, Affordable Staff have worked hands on with over 167 agencies on creation of systems & procedures developing best practices of outsourcing / implementation for Property Management & Real Estate.

FAQs

With a large increase in compliance and paperwork do you think it is a good use of your local staff’s time being bogged down in administration work instead of focusing on CUSTOMER CENTRIC activities? Outsourcing (if implemented well) allows your local staff to be out and in front of clients, to complete higher dollar value tasks and supports your local staff.

These tasks vary dependant on whether offshore staff are working for sales or property management.

The top 10 tasks for Sales are: Social media marketing, Open homes marketing and management, Appraisal brochures, Email marketing campaigns, Listing agreements and Draft contracts, NPS surveys, Listing kits & Pre listing kits, Just Listed / Sold brochures, Arranging newspaper & other print media, Market/ Upsell andcillary services (broking, financial planning, etc)

The top 10 tasks for Property Management are: Processing applications, Lease renewals, Generating CMA’s, Electronic filing of documents, Data mining / Lead generation, Monitor compliance registers, Manage maintenance, Schedule routine inspections, Generate sign up packs, Maintain listings

If you are still server based then staff usually remote into your local office to complete tasks. If you are cloud based then we would arrange access details of each software for your offshore staff to log-in.

We have a registered company within Australia, New Zealand and the Philippines. Our physical office is located in the Philippines and we have local “real estate experienced” support (outside of the Philippines) staff.

We are very mindful of security and as we work with a number of financial underwriters we’re legally required to adhere to ISO:31000 principles. A Few of our security features include: Onsite security guards, finger print scanners, no personal belongings on the production floor (personal items including phones, pens, etc are left in a locker outside of production floor), Firewall protected servers and data security (which is audited by an external company), Onsite supervisors, Legally binding NDA’s (which are audited annually by legal counsel), Risk management framework, Data management policies and much, much, more. Ask us if you would like our full list of security measures.

When employing staff we personality profile a person for the ‘Personality Attributes’ to be a good support person for Real Estate. We focus on staff that show high signs of stability (so they can perform repetitive tasks) and high attention to detail. These personality attributes are very important when employing the right person for the job. While we provide a base level of knowledge in the industry in reality the best way for a person to learn is working within a specific agency. When we partner with you, we assist in placement and integration into your business.

As a part of the Affordable Staff and Hocking Stuart partnership you will receive exclusive support on the setup and implementation of workflows and systems within your business. We have local support staff that you can call at any time. We also have Supervisors, trainers and other support people within our Philippines office that you can also call, email and instant message at any time.

All staff work 100% of the time from our physical office. It is a legal requirement for all staff to work within our office and offshore staff can only access software’s and any method of communication from our physical office.

Yes. In our experience we would not recommend using offshore staff to make cold calls as we have found better results are gained through a local person performing this task. Dependant on your phone configuration we can also have your offshore team member handle and direct incoming office calls if your local staff are out of the office.

Our office is currently open from 8:00am to 7:00pm AU EST time. If you are looking at growing a team talk to us about your individual requirement.

There can be several pitfalls of outsourcing. In reality 4 years ago this used to be around power, internet and consistency of people. Now the key pitfalls have changed to pre and post implementation problems.

The key areas we’ve come across during implementation include: Staff buy in (through fear of losing their jobs), inadequate implementation (agency ends up thinking it can’t work), Lack of initial investment of time and people (you would normally have one person initially as the main point of contact).

After successful implementation we’ve found the pitfalls include: Too many staff assigning work to offshore team member (offshore team become overwhelmed as their is no monitoring of all tasks sent to offshore staff), local staff trying to assign CUSTOMER CENTRIC tasks to offshore team, local systematisation of how they work with offshore staff (in the case where local staff leave).

 

All payments are in AUD and paid via direct debit. For example if your offshore staff works from Monday 1st March to Friday 5th March, you would be charged for that activity on Monday 10th March.

You may contact toll free on 1300 139 482 or email us on [email protected] and we can discuss your custom outsource solution for your business.

Top Ten Tasks PMS Outsource

Processing Applications
Lease Renewals
Generating CMA's
Electronic Filling of Documents
Data Mining / Lead Generation
Monitor Compliance Registers
Manage Maintaince
Schedule Routine Inspections
Generate Sign Up Packs
Maintain Listings

Top 12 Real Estate Sales Tasks Outsourced

Listing & Pre Listing Kits
Lisiting Agreements & Drast Contract
Order & Track Signboards, Professional Photographers & Gift Pack
Manage Open Home Times on Portals
Follow up database of buyers and cleaning & updating
prompt sales agents to get specific information
market/ upsell ancillary services (broking, financial planning etc.)
Follow up VPA
ensure solicitor have correct invoices before settlement
appointment setting / calendar management for sales agents
follow up for rate my agent or google reviews
conduct NPS surveys with clients

Top 12 Real Estate Sales Tasks Outsources

Listing & Pre Listing Kits
Lisiting Agreements & Drast Contract
Order & Track Signboards, Professional Photographers & Gift Pack
Manage Open Home Times on Portals
market/ upsell ancillary services (broking, financial planning etc.)
Follow up VPA
ensure solicitor have correct invoices before settlement
appointment setting / calendar management for sales agents
Follow up database of buyers and cleaning & updating
prompt sales agents to get specific information
follow up for rate my agent or google reviews
conduct NPS surveys with clients

Top 12 Lead Gen & Marketing Tasks

Social Media Marketing
Just listed brochures
Just sold brochures
appraisal brochures
local info booklets
follow up warm information calls to past & current client
Newsletter
open home marketing
market update communication
email marketing campaigns
resizing, watermarking & highlighting photos
newspaper & other print media photo redesign

Top 12 Lead Gen & Marketing Tasks

Social Media Marketing
Just listed brochures
Just sold brochures
appraisal brochures
Newsletter
open home marketing
market update communication
email marketing campaigns
local info booklets
follow up warm information calls to past & current client
resizing, watermarking & highlighting photos
newspaper & other print media photo redesign

Our Point of Difference

Our greatest point of difference is our industry experience within Real Estate combined with knowledge around outsourcing infrastructure.

This translates to a more mature offering than others in the real estate industry and faster speed to market & scalability and allows us to provide consultative support if required to assist you in getting your office ready to Outsource.

Shown below is an example Workflow on how a Affordable Staff offshore team member works within a Real Estate business.

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