How Property Managers Save $100,000 a Year By Hiring RTMs at $6/hour

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Have you ever imagined transforming your workweek from exhausting 60-hour grinds to just a handful of productive hours? This isn’t just a dream; it’s a reality for those who’ve embraced the power of Remote Team Members (RTMs). 

Your payroll is your biggest expense. By lowering it, you’re skyrocketing your profits. NARPM’s research shows that top property management companies have RTMs as 65% of their workforce.

In this article, we’re going to teach you what you need to get started with hiring RTMs and skyrocketing your profits.

Key Takeaways

  • Remote team members (RTMs) are remote professionals worldwide who can drive down your costs significantly.

  • Hiring RTMs means posting multiple job openings and searching globally—don’t just target a single country. We highly recommend hiring from Latin America and Romania.

  • While highly educated, talented, and productive, RTMs can be hired for as low as $6 an hour because they live in countries where that’s a great compensation.

  • It’s important to properly train and onboard your RTMs so they can truly pay off instead of becoming liabilities. 

  • RTMs are just cheap virtual assistants. They can handle every part of your business that can be done from a desk, so try and fill as many positions that you can with remote team members. 

 

What Are RTMs?

Remote Team Members (RTMs) are professionals who work from pretty much anywhere, not just the usual office. 

They connect to you digitally, which brings a ton of flexibility and a wide array of skills that are unavailable or too costly locally. 

When you hire RTMs, you’re doing more than just outsourcing. A lot of people think of RTMs as cheap virtual assistants. They’re anything but.

You’re bringing in top-notch (college-educated) talent right into the heart of your operations, no matter where they are in the world, at a MUCH lower cost.

Remote Team Members (RTMs) are categorized into tiers based on their roles and expertise:

  • Tier 1: Administrative Assistants – Handle day-to-day administrative tasks to keep operations smooth.

  • Tier 2: Operational Managers – Implement efficient systems and workflows to optimize business operations.

  • Tier 3: Technical Specialists – Provide specialized technical support to maintain and enhance technological infrastructure. These are the hardest to find and are more expensive.

Which tier you hire depends on you. We recommend starting with tier 1. 

How to Start: The Ultimate 3-Step Process For Hiring RTMs

Kick off your use of RTMs by listing essential, yet stagnant tasks in your workflow. This clarifies what your RTM will handle, freeing you to focus on more strategic activities.

1. The Hiring Phase


Global Search

Expand your search for remote team members to a global scale. This broadens your talent pool and increases the diversity of your team. We’ve had great experiences hiring from Romania and Latin America. 

Multiple Openings

It’s a numbers game; the more openings you post, the more applicants you attract. This approach ensures that only the top 1% of candidates, who truly align with your requirements, make it through the application funnel. 

We get around 3,000 applicants a month and only 1% make it into our funnel.

If you want to know where you can search for your RTMs, we have a complete guide for that.

Thorough Vetting

A rigorous vetting process is super important to ensure your RTM can perform effectively from remote locations. Here’s how to get it right:

  • Ensure candidates have the necessary expertise

  • Evaluate if they align with your company culture

  • Check for reliable internet access and proper equipment

Remember, even the most skilled RTM won’t work out long-term if they don’t fit your culture. With our RTM Direct package, we handle this for you. We guarantee a perfect match or offer a free replacement.

2. How RTMs Save You Money

Just THREE RTMs are enough to save you up to $100,000 a year. You do the math: in California, the minimum wage is $14 an hour. And a specialized employee in property management is going to earn even more. 

Compare this to the average 6-10 dollars that an RTM will charge you. Your payroll expense goes from roughly $40,000-80,000 to just $10,000 to $20,000 a year.

Here’s what this data looks like when it’s visualized. The difference becomes a bit staggering, right?

Imagine all these savings going back into your business or your own compensation. 

Here’s how you can make the best of the RTMs you hire:

  • Leadership Development: Delegate important tasks to your remote team members (RTMs) to help them grow their leadership skills. This builds a strong leadership structure and boosts team performance.

  • Efficient Meetings: Streamline your meetings to make them more efficient and productive. Short daily huddles of about 15 minutes keep everyone on the same page without wasting time.

  • Localized Salaries: Pay RTMs based on the cost of living in their area. This can save you a lot of money compared to paying domestic salary rates.

  • Measurement with KPIs: Use clear and effective Key Performance Indicators (KPIs) to measure success and efficiency. Focus on metrics that truly drive productivity.

3. Onboarding and Training RTMs

A proper onboarding can be the difference between a successful, productive RTM and one who’ll leave you in a few weeks. If you’re having trouble with this step, reach out to us and we’ll help out.

Industry-Specific Lingo

Ensure all RTMs understand the specific terminology of your industry, which is crucial for effective communication and seamless integration into your team.

Compliance and Technical Training

Provide comprehensive training on important regulations such as fair housing laws to avoid potential legal issues. This ensures that RTMs are well-prepared and knowledgeable about critical aspects of their roles.

Interactive Skills Training

Adopt an interactive approach to training by encouraging RTMs to ask questions and engage actively, rather than passively receiving information through lectures.

Software and Tools Proficiency

Whatever software and tools you’re using, such as CRMs, property management software, etc., you need to train them on it. 

What You Get By Hiring RTMs

RTMs offer a multitude of benefits that can transform how your business operates. Key advantages include:

  • Increased Flexibility: RTMs work across various time zones, ensuring that your business operations can continue beyond the typical 9-to-5.

  • Access to Global Talent: By hiring globally, you have access to a broader spectrum of skills and experiences, which can enhance innovation and problem-solving within your team.

  • Cost Efficiency: With the ability to pay wages based on the cost of living in different regions, you can manage payroll expenses more effectively while still attracting top talent.

  • Scalability: RTMs allow your business to scale up or down more fluidly without the constraints of physical office space.

You can find out more about what RTMs can do for you here.

 

BetterWho—What Sets Us Apart

We connect businesses with elite Remote Team Members from around the globe. Our confidence in our matching process is backed by a unique guarantee—if an RTM doesn’t meet your standards, we replace them, free of charge. 

Our global reach and proactive support ensure your remote hires succeed and drive your business forward.

Let’s Supercharge Your Business

When we started hiring RTMs 10 years ago, we made many mistakes. Mistakes that taught us how to hire the best remote team members at the lowest cost, in the shortest amount of time. 

We know exactly how to find you the RTM that’ll boost your profits from day 1, one that costs only $6 an hour. Ready to transform your business?

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