If you want to travel the globe, then you should pack light, right? In most cases this is true but what if we told you that you can be real estate agent (either pro or amateur) while you travel the globe! Basically, you get access to various pieces of real estate in every corner of the world, while having a wide international pool of potential buyers, investors, or renters.
Let us not kid ourselves; the main tool you are going to use while traveling the world and dealing in real estate is going to be the Internet. There is a myriad of property management software, app, and website that will help you list and search for houses and apartments.
Apart from browsing real estate from New Zealand to Iceland, various tools will help you promote your offers, screen tenants (A Facebook search is OK), credit checks, online lease, etc. Finally, you will be able to receive online payments which is crucial if you’re half a world away when rent is due.
Real documents, virtual signatures
Speaking of the paperwork, most countries still require you to do a lot of signing before a real estate becomes yours. Luckily, more and more local administrations are accepting digital signatures. This trend goes hand in hand with virtual signature tools that allow you to sign legal documents even when you’re not physically present.
Most of these apps come with a free version but if you become a regular user, you’ll get an extra layer of safety. The biggest advantage of these apps is that you needn’t use a laptop, as you can store your digital signature on your smartphone and simply upload it when requested.
While you’re on the road, the computer stays home
Most business people like to take their laptop when leaving home but this is not a necessity but rather an amenity. Remote desktop software allows you to use your desktop computer from anywhere on the planet where there is Internet access.
You don’t have to carry a laptop on your trip around the world, as you can always use your smartphone to log into the desktop computer back home and check fluctuations in the real estate market or have the tenants thousands of miles away paid their rent.
Building a new home
When it comes to legislative, none is more complicated than if you decide to build a new home. However, new home design is profitable because it is a fresh décor breeze in a foreign market. Whether you choose to design a family home or a double-story, it is bound to attract a novel set of customers who are willing to pay more. Depending on the total budget, you shouldn’t have too many houses I construction at the same time because it is hard to monitor contracts long-distance.
A paperless world
As we have stated earlier, buying and selling real estate involves a lot of paperwork. Filling all those contracts and spreadsheets can turn into a logistics nightmare when you’re on the road. Unless you want to hire ten baggage carriers, making your office paperless office should become crucial.
Digital signatures and fingerprints are just part of a paperless office. Using a scanner, appropriately naming these scanned files, and finally uploading them into a cloud of your choice will all become part of your daily routine. Once uploaded, you can easily search the files and print them out if necessary.
Online banking is a must
There probably isn’t a bank on the planet that doesn’t offer online banking services to their customers free of charge. You have access to millions of ATM’s the world and you can use your debit/credit card to pay in the local grocery store on a remote Pacific island.
The best thing about online banking is that it’s paperless, just as you want it to be. If a tenant or a contractor needs a bill, you can e-mail it to them, and then they can print it out. Before you set out on the journey to circumnavigate the planet, be sure to take all your banking activities online.
Realtors don’t like to work together because they are not keen on sharing profits. Luckily, this doesn’t mean that you should travel the globe alone. You can bring your partner or a friend along for the adventure but don’t forget about your friends back home. Contacts in the industry will prove essential for those cases when you need an “emissary” to get a deal sealed tete-a-tete.
Moreover, you should actively look for new partners and acquaintances while on the road. Even if you’re not a people’s person, approaching an investor or a realtor in a foreign country is the best way to gain a foothold in the local market.
It is possible to travel the world and invest in real estate; don’t let anyone tell you otherwise! In fact, your unique position of a globetrotter will give an insight into the global real estate market like no other person the planet.