An Assistant Development Manager Is Critical to Your Property Development Team

Property development companies try to reduce their development costs to ensure a good ROI for each project. Indeed, controlling costs is vital to business success. However, certain investments may add costs upfront but ultimately increase ROI.

An assistant development manager can improve your ROI in several ways. They can also perform tasks that might otherwise fall through the cracks. An assistant development manager is a vital member of any property development team.

What Does an Assistant Development Manager Do?

An assistant development manager supports the development manager. The task list can vary depending on the skills and passions of the development manager and covers a wide range.

Generally, they provide technical and administrative assistance. For example, they might do market research, analysis, and due diligence to determine the feasibility of potential sites.

They might also manage project budgets and work with local governing bodies to ensure project approval. They develop policies and procedures. Sometimes, they may manage some development projects or implement process improvements.

Why is an Assistant Development Manager So Important?

For several reasons, an assistant development manager is essential to a real estate business. First, they can free up the development manager’s time to focus on more high-level tasks, such as developing an overall development strategy. A more cohesive strategy will help guide your firm toward the most profitable projects and enhance your competitive advantage.

Also, an assistant development manager can identify ways to streamline operations and cut costs without hurting quality. They can also provide excellent data on the feasibility of each site under consideration. The data can lead to better decision-making.

How Much Does an Assistant Development Manager Cost?

Often, a real estate business is reluctant to add a staff member because of the costs associated with the new position. Costs include salary, equipment, office space, and time spent on hiring.

Hiring an assistant development manager can lower costs, especially in a low-labor-cost country. For example, the cost of an assistant development manager in the United States is $65,652, but only $18,473 in the Philippines. The cost is AUD 98,750 vs. AUD 26,429 in the Philippines.

Your costs are still lower if you work with a real estate staffing solutions firm. A real estate staffing solutions firm will have an extensive network of real estate and property management professionals. The firm can efficiently recruit a short list of potential assistant development manager candidates for your firm to consider. Your firm saves time and the cost of having to recruit.

The staffing solutions firm will also provide office space and a computer at their location. It will also ensure compliance with local employment laws.

Suppose the real estate staffing solutions firm is based in a low-cost country such as the Philippines. In that case, you’ll achieve the most significant cost savings while still hiring a qualified assistant development manager. The Filipino government emphasizes education, offering incentives for its citizens to earn college degrees. It also supports outsourcing. The Philippines is also the third largest English-speaking country in the world. The country is unique in providing a highly educated, English-speaking workforce at a low cost.

An assistant development manager significantly contributes to the property development team of any real estate business. Yet, their cost can be relatively small if you hire virtually through a firm that provides real estate virtual assistant services. An assistant development manager can improve your competitive advantage and ROI.

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