Real Estate Virtual Assistant vs. Employee

Are you a budget conscious real estate professional deciding whether to hire someone full-time or part-time to manage your businesses administrative tasks?

Are you overwhelmed by the process of hiring an employee?

This article could be helpful.

Factors such as paid vacation, sick days, health and dental insurance, workers compensation, bonuses, training, equipment and office space would stop just about anyone building their business in their tracks.

How does hiring an independent contractor compare to an employee? Is it more or less cost-effective? Is it more or less flexible?

Using the analysis tool from Salary.com

The median total compensation including benefits for a typical full-time Administrative Assistant III in Hartford, CT is $65,373 (68% base salary and 32% benefits and taxes), thus the hourly rate is $33 p/hr. This is excluding office space & utilities, furniture, insurance, hardware, software & licenses, and telecommunication expenses that could take the rate up to $48 p/hr and over.

Virtual Assistants (or VAs) typically charge between $20 and $45 p/hr and higher depending on specialization levels and bear in mind that contracted hours are flexible. Most VAs have retainer agreements with rates that are discounted for clients with set hours ranging from 10hrs or less, 20hrs or more depending on the clients needs which are ever changing. This also allows for a significantly higher productivity level-- close to a 100% as the tasks and time allotted are prearranged.

An important point to remember is that VAs are professionals who not only tackle administrative tasks but are multi-faceted and diversely skilled. VAs can also handle programming & database design, sales & marketing, desktop publishing, web design & hosting and much more.

Is it your goal to reduce expenses, save on time, remove frustration and most importantly increase productivity?

Then its so much easier to decide which to go with!


*Figures are estimates

By Agnes Ikotun
Licensed REPA