7 Figure Flipping HFHQ 16: Hiring and Working with a House Flipping Assistant with Vanessa Feil
Click here to go to Part 2 of this interview!
My assistant, Vanessa Feil, definitely helps my business run smoothly and I couldn't get so many things done without her invaluable help. So, getting her on the podcast to share a bit of what she does to help my house flipping business run was something I knew you'd love to hear. We discuss everything from how I found and hired her, what I initially paid her and the best ways to start working with an assistant.
But then it gets really good and we go in to all of the tasks and responsibilities that she has within my company and how she has become an indispensable part of my team. She describes our entire house flipping process from working with wholesalers, buying, financing and more! And this is just Part 1! We'll have Part 2 up in another 2 days so come back then, but in the meantime, be sure to get in on this amazing interview with my awesome assistant, Vanessa!
Have any questions for Vanessa or myself? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?
Show Notes
In this episode we cover:
- How I met and hired Vanessa, including pay, compensation, training and responsibilities
- Basic things you can have an assistant do when you first hire them
- How Vanessa grew in the business over time
- The number one thing I look for when I hire an assistant or employee: an ability to take and understand constructive criticism
- Vanessa's transition into managing the trustee sale part of the business
- The importance of streamlining and setting up systems with your assistant
- What is was like when Vanessa took over the rehabbing process and initial challenges working with contractors
- Answers to a listener question related to the role of an assistant
- Vanessa's current day-to-day responsibilities with our house flipping projects and how she keeps things organized
- Vanessa's process for buying properties using agents and wholesalers and expectations on how deals have to be brought to them
- The importance (and challenges) of training the people who are a part of your deal acquisition funnel
- Why Justin never wants Vanessa to ask him questions, and what she does instead
- Vanessa's entire process and systems for financing properties with private money lenders and hard money lenders
- The checklist of processes that happen once the property is bought and is ready to be rehabbed
Memorable Quotes
“It is so important when hiring an assistant that, number one, you find someone who can take constructive criticism, and number two, that you are willing to give it.” ~ Justin Williams
“Too many hands in the pot make things too confusing [Tweet this!] … the more that the contractor can handle and be responsible for, the smoother its going to go; for us and for them.” ~ Vanessa Feil
“Don't expect your assistant to do all this at first. … Start with the basics.” ~ Justin Williams [Tweet this!]
“One important key factor in organizing all of this is having your spreadsheets — its a bit part of how we streamline everything so it doesn't get overwhelming.” ~ Vanessa Feil
“The more information you get, the more you want to work with the property, or work with the person in general.” ~ Vanessa Feil [Tweet this!]
“I don't know of any business where you can run an effective business without trusting people.” ~ Justin Williams [Tweet this!]
Transcript
Click here to Read and Download the Transcript for Episode 16
Links and Resources
- Blog Post: Putting Together a Plan and Systems to Help You Reach Your House Flipping Goals For the New Year!
- Interested in the Mastermind Group? Get information here.
Other Items Mentioned
Due to illness and the holidays we are going to announce the winners for the contests with Robert Fragoso and Ryan Skalla next week. I can't wait! Is it you? Come back next week and find out! 
Like what you hear?
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Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!
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