The Team positions in real estate?

Let me tell you about the people I consider important on my team I have 3 businesses by the way a tax deed and lien investing business a rehab business and a rental business.

Here are a list of people on my team

Lawyer

CPA

Managers

Foreman= runs my rehabs

title company

appraisers

inspectors if you use them

government people can be important too like the building inspector,zoning board people,gov officials in charge of you getting the ok to do project, political people become small % partners can help slam through the most difficult projects

bookkeeper.

general labor: works to do unskilled labor like clean up and painting and makes simple service calls, may also be called maintenance

realtor if you use them

broker or banker if you need them

private money lender or hard money lender if you needed one

advertising firms: to move your reale state and get it sold

Marketing person in your business if you have one hired on.

Sub contractors to include the following below

a) heating, cooling guy

b)electrician

c) plumber

d) concrete,excavation guy, also does landscaping

e)rooto rooter= they unplug the plumbing lines when they freeze or clog up different then plumber

f) some might use roofers and siding people I keep that in house but ill just say rough framers and finished carpenters just to be on the safe side

g)Distributors of building materials and other important suppliers

h) such specialty shops like window repair,or hardware store or other places that fix equipment you need.

In my business I needed a good lawyer, foreman ,managers,CPA, book keeper because the rest of my parts where interchangeable. A good group of these people can really make life a lot easier. The larger your business grows the more parts to your team that need to work well.

A general labor guy that screws up a small drywall project probably wont hurt you as much as a lawyer can on a realestate case. So you see what I am talking about.

I hope this helps you out also for ever person or persons and skill i have listed i might have 3 backups on the list.

If the plumber screws up or doesn't show up you got to have a back up plan! You are the ceo and when your business grows large enough you may consider people on your team like an operations manager or a marketing manager that manages teams of other professionals.

The key to the team is to let them run the business so you can stay creative and keep building your business. The team must bring in there part of the profits to make it all make sense. Watch the team close and as it grows your leadership skills must grow too. The complete role of your team is important just like in football if a lonely corner back takes a play off the touchdown the other teams receiver can mean a loss for your team. This is the Ceo's job to make sure his team is effectively moving forward towards the objectives of the business in there goals to serve or and make profits while doing so and also make the right adjustments along the way when needed. CEO must understand everyones job , while you don't know necessarily how to do those jobs you do need to understand when that part of the team has produced or not produced results. Also to understand what impact moving forward your changes will make in your business. I hope this helped.

The entire team is the most important because each play a critical role in their own field. Any weak link in your team could give you grief and make your process harder than it should be.

It is important to have a good team that listens to what you say and can give you positive feedback. You don't need anybody that tries to run your business. You must be in control at all times or if not you will have a miserable time in your business.

A good real estate lawyer is worth its weight in gold and could make your life very pleasant. Equally a good broker that works with you and gets your deals done is very valuable as well.

A great accountant will help get the most benefits of your tax liabilities and deductions and is always staying on top of Tax Laws.

As far as banks, the best banks believe it or not are your local banks not the national chains because they are a little more flexible and work harder for you specially if you give them continuos business.

Now the question is; Who are these lawyers, accountants and brokers ? This is where you have to do interviews and ask a lot of questions and get good referrals too.

Each one party plays a critical role in your business, so each deserve equal priority. As far as cost, it will vary according to where you are and how good these sources are. Remember you get what you pay for. In other words if you try to save money to get the least expensive lawyer you might end up with equal value.

I hope this helps with some direction.

Good Luck

Well it is pretty hard for a quarterback to win a game without a center, running back, blockers, or receivers.