When Do I Know It’s Time To Hire My First Assistant?

By Terry Trexler

Hi I’m Terry Trexler and I’ve built a top-selling real estate team that covers 12 states and growing. I just moved to LPT Realty after being with another brokerage for years. The splits are better, the revenue share is better, and it’s honestly the perfect business model now that we can build on the existing success of proven cloud brokerage models. I invite you to check out LPT Realty. Move your license over to us. We’re a brokerage focused on listings and profitability.

Are you using your time as efficiently as possible? Most agents can’t honestly answer “yes.” The truth is that once you separate yourself from the pack of average agents, your time is probably best spent on money-making activities, not busy work. The obvious solution to the problem might seem to be to hire full-time help, but is that really the answer? Full-time hires are a guaranteed cost for your business that are hard to get rid of. Do you really need someone to help you around the clock, or do you just need a little leverage? To help you find the answer, here are three things you should ask yourself:

1. Do you have enough leverage? You don’t need to hire full-time help to give yourself more time. For example, you can leverage gig workers and part-time services to free up time without committing to a fixed cost. You can hire someone to pick up your groceries for you, clean your car, and take care of other busywork activities not necessarily related to real estate so you have more time to follow up on transactions.

2. Is busywork costing you money? If you could quantify your hourly rate as a real estate agent, what would it be? For established real estate agents, that number is probably a lot higher than the cost of hiring an assistant. Busywork can eat up a ton of your time, and the more transactions you have, the worse this problem gets. Hiring an assistant can help you manage busywork and free up time for more transactions, but it isn’t the only way to increase your income. Instead of increasing your transactions, you could put effort into increasing the amount of profit you make on each sale.

3. Is your problem lack of time or lack of experience? Right now, it might feel like you’re totally overwhelmed, but the issue could be that you just don’t know how to efficiently manage your tasks. This question isn’t meant to be a dig into your business; instead, I just want you to honestly ask yourself if you have the tools to be as efficient as possible. In my experience, most agents need to learn how to run things from another experienced agent. In other words, they don’t need an assistant - they need a mentor.

If you’re looking for a mentor to help you leverage your time and make more money, please call or email me. My team provides necessary tools to teach you how to get the most out of your business. Plus, we have full-time back-of-house support staff ready to back you up. I look forward to hearing from you!