Tips for Setting Up Your Real Estate Investing Office
If you want to set up a real estate investing business, you’ll need a space in which to do business. While some people develop a successful business working from home, and transforming a part of their bedroom into an office, others rent an office or even buy office space. Where you set up your office in part depends on the type of transactions you will be doing. If you will be meeting with clients and other professionals White label crowdfunding software Singapore, having an attractive office can be an important way to communicate your professionalism.
However, if you’ll be doing most of your business via e-mail, fax, telephone, it becomes more of a personal choice.
What does matter, however, is that your office space is designed to help you get the maximum amount of work done in the minimum amount of time. The right office space can make your business much easier to run and ensure that once you enter your office, you are in business mode and ready to start making deals.
If you want to set up a real estate investing office, you need to start with a few basics:
1) A desk area. Have a large desk area, and keep it clear.
You should have file folders underneath or to the side of your desk, easily accessible but not in the way. You may want an inbox tray or a computer on top of your desk, but most of your desk area just should consist of workspace. At the end of every day, clean off your desk to ensure that you can start fresh again the next morning.
2) A phone and fax.
Set a separate fax line and a separate phone line for your business. Depending on who your clients are, you may want to have been easy to remember phone – such as 188-REAL-ESTATE or something similar.
However, this is not necessary. In fact, if you are dealing mainly with investors and not the general public, you may wish to avoid such cutesy additions. Make sure that the voicemail message on your phone is always professional. If at all possible, hire a receptionist to take your calls. You may even be able to hire out a reception service. This allows your phone calls to be automatically routed to a call center where professionals will take your calls.
This can be a very good additional expense, as most people wish to speak to live person rather than a message.
3) A reliable computer.
You will need a good computer with a good Internet connection. Many entrepreneurs today prefer a laptop computer or even a Blackberry, which allows them to do business on the run.
Look around for good vendors to sell you software that can help you make your business succeed. For example, customer relations management software can help you keep track of leads, sales, and customer histories. Whatever business programs you decide on, make sure that you backup your files regularly, and make sure that you use your software and your computer effectively.
For example, if you use a software program to keep track of your customers, make sure that all your customers are in the database.
4) A good chair.
It may seem trite, but according to research by the US Small Business Administration (SBA), Office of Advocacy, ergonomics is an important part of working wisely.
The SBA and The Occupational Safety and Health Administration (OSHA) have found that poor ergonomics can lead to “work-related musculoskeletal disorders… the OSHA has also discovered that workers who must repeat the same motion throughout their workday, who must do their work in an awkward position, who must use a great deal of force to perform their jobs, who must repeatedly lift heavy objects or who face a combination of these risk factors are most likely to develop WMSDs.” This research suggests that you should take steps to ensure that you stay physically healthy on the job.
If you want to set up a real estate investing business, you’ll need a space in which to do business. While some people develop a successful business working from home, and transforming a part of their bedroom into an office, others rent an office or even buy office space. Where you set up your office…