Now that you are aware of the potential of offshore real estate, you’re ready to take advantage of this opportunity and grow your team.
Offshoring for the real estate industry opens many opportunities for growth and efficiency. Your offshore team may be thousands of miles away, but you still play a big part in managing them correctly. Their productivity, growth and career satisfaction are part of your responsibility.
In this guide, we will discuss efficient methods for creating and managing an offshore real estate team.
1. Established A Unified Communication System:
To ensure your global real estate team operates like a well-oiled machine, it’s imperative to have a robust communication system in place.
Ensure both your local and offshore real estate teams utilize platforms like Slack, Microsoft Teams, or Zoom for regular meetings, updates, and discussions. Create a protocol on whether they should expect a chat, call, or video conference, depending on the type of work or situation.
Finally, ensure that all team members are familiar with the chosen platform. Encourage open communication to foster transparency and teamwork. Make them feel a part of the team.
2. Foster Inclusion and Team Cohesion:
Employees working offshore frequently experience a sense of disconnection from the core team. Combat the isolation often felt by offshore team members by integrating them into all company activities. Host virtual real estate market analyses, property walkthroughs, and team-building exercises to create a cohesive team environment.
Acknowledge their contributions publicly and involve them in decision-making processes to reinforce their importance within the team. When they are made to feel important, they will be more willing to contribute to the company.
3. Conduct Regular Team Assessments:
Determine a realistic schedule and frequency for check-ins. Maintain regular communication with offshore team members to ask for project status updates, address any challenges they may be facing, and provide necessary support. Actively listen to their feedback and adapt resources, training, or workloads accordingly to ensure they are equipped to meet the demands of the real estate market.
4. Empower and Support Team Leaders:
Your team leads are a bridge between you and the other people on your team. Make sure they are aware of the job roles of each team member.
Empower team leaders within your offshore team to take ownership of projects, facilitate communication, and resolve issues effectively. Offer training and resources to enhance their leadership skills and encourage collaboration between in-house and offshore leadership to ensure alignment with overall business goals.
5. Navigate Time Zone Variations:
Time zone disparities can be a significant hurdle in real estate offshoring. Communicate company meetings and plans ahead of time. It’s a good practice to specify time zones when communicating deadlines.
Establish overlapping working hours to facilitate real-time communication and collaboration whenever possible, especially for live discussions and collaboration on real-time market changes. Finally, consider implementing flexible work arrangements or staggered shifts to accommodate diverse time zones and optimize productivity.
6. Prioritize Comprehensive Onboarding:
Invest in comprehensive training programs for new offshore hires so they understand your real estate processes, best practices and standard. Set up online training sessions and provide access to online courses, workshops, and mentorship like property management systems, client engagement techniques, and market analysis tools to enhance their skills and knowledge.
Conduct a regular evaluation of their progress and provide constructive feedback to facilitate continuous learning and growth.
7. Set Clear Expectations:
Clearly communicate performance expectations, goals, and objectives to your offshore team members from the outset to minimize mistakes and wasted efforts. This includes setting specific targets, deadlines, and deliverables, as well as defining communication protocols and escalation procedures.
Additionally, transparently communicating any changes or updates to expectations ensures that everyone remains aligned and accountable. Establishing clear expectations builds clarity and accountability among team members. This fosters trust, enhances productivity, and drives success within the offshore real estate team.
Key Takeaways
Embarking on real estate offshoring can be daunting, but with the right research and a trustworthy offshoring partner, you can navigate the complexities.
It’s essential to establish a reliable partnership for successful offshoring endeavors. If you’re considering partnering with us, feel free to connect with our team for further assistance and guidance.
