Time Management Tips For Real Estate Investors

If you are a full-time real estate investor, then you might be challenged with time management, since you are not used to the idea that you now own your time. In the usual type of work setup when you work for a company, your time is owned by that company. When you own your time, there is a big tendency that you will face various distractions. You will find yourself doing a lot of things without noticing that you were not able to give enough time to your business. Even though you have lots of time, at the end of the day you might feel that you have not done much for your business. This is why time management is very much important.

The first thing that you have to do is to evaluate where your time goes. Time wasters are mostly unnoticeable. So you need to keep track of the activities that you do the whole day. Do this monitoring for about two to three weeks. This will surely give you a clear idea about where your time usually goes. You might even be surprised to know that a particular task in your list is consuming much of your time but it really does not have that much importance, especially to the real estate business that you have. The list that you have made would also reveal some bad habits that really need to be changed.

Second, remember the 80/20 rule which states that 80 per cent of your results come from 20 per cent of your activities. You need to concentrate most of your time on these 20 percent of your work. These are most likely the tasks that are pretty much important. It is best that you do these tasks early in the morning, when your energy is still high and you do not have much to think about. If you successfully manage to do these important tasks, then you will find yourself stress free and would have some time to relax in the afternoon or before your work day ends. This might sound pretty easy to do, but doing it is really a challenge. You should do your best to make this a habit and you will surely reap the reward of your efforts.

Lastly, you need to slowly change your time wasting habits. The easiest way for you to do this is to eliminate one habit at a time. Most people would immediately think that they are capable of changing their bad habits instantly and thus they end up pretty much frustrated in the end. Try to change one bad habit that you have every week. This way, you could give yourself time to adjust and everything would seem to be doable. If you see that you goals are reachable, then it would be easier for you to accomplish these. Managing your time is really an important skill that should be learned by real estate investors, especially those who are involved in this business full-time. Even though there is a great need for it, still be sure that you do not pressurize yourself too much.

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