Real estate professionals have a lot to deal with on a daily basis. They need to make sure that everything they have to do for the week is taken care of. Still, considering the amount of work they need to get done, it has become essential for them to find ways to improve productivity.
If you’re a multifamily syndicator, the nature of your work is much more complex. You have to go through several extra steps such as underwriting to conducting due diligence. It’s easy to lose track of your progress if you’re not being too careful. Other than that, you also need to stick to a strict schedule for completing certain tasks.
You can find a lot of resources online for strategies and methods that can help you maintain a good work rhythm. On the other hand, if you want to accomplish a lot of tasks within a short period of time, you can do so by following these effective tips that worked well for me:
Set your goals
Before starting the day, you will need to set your own expectations of the things you want to accomplish. After all, goals drive productivity. Without them, it becomes difficult for us to start working seriously. With realistic goals in mind, you can create effective action plans that could serve as your ladders to success.
You should have short-term and long-term goals. Short-term goals are those you want to achieve immediately, while long-term goals are those that require more time to accomplish.
Nonetheless, your short-term goals should complement your long-term goals. When accumulated, the tasks you complete can lead to greater benefits. So, make sure to create a long-term goal and determine the smaller tasks you need to accomplish in order to complete a larger objective.
This kind of system can help you work with a purpose. When you have a visualization of the long-term goals you have set for your real estate business, you will always have a constant reminder for why you’re working this hard.
It’s a no-brainer that listing your tasks is an effective means to focus on the most important things you need to do. A well-organized list can help you take on specific tasks. It prevents you from ignoring urgent and high priority tasks.
When making your lists, you will need to know which type of list best fits your needs. There are various mobile apps you can use if you want to go the modern way. I like Trello, which is really a handy productivity app. I also love apps that come on the iPhone or Android phones. I like simplicity in writing things on ONE PAGE only, rather than a thesis. But, if you want to go old-school, then an old-fashioned handheld professional planner may do the trick. Make sure to populate it with appointments and other important events that impact your real estate business.
At most times, we get so overwhelmed by the amount of work we need to do. So, hiring additional staff offers a good way to avoid bottlenecks in the workflow and accelerate important time-bound tasks. I use virtual assistants all the time, and this gave me greater convenience and control over the activities I need to accomplish. This makes for an enhancement in your productivity.
If you want to hire your own set of assistants for your real estate business, you need to find a firm or a service provider you think can deliver the results you need. You can ask friends for referrals or you can simply do a quick search on Google. This will definitely help you in your search for an outsourcing company that offers quality services for the best value. I believe in hiring Virtual Assistants around the globe. One time I had 8 assistants working for me at the same time, so a lot of work gets to be done professionally. You must build relationships with these great professionals since they are quite a bit more reasonable.
Go beyond conventions
In this day and age, working hard is simply not enough. You also need to work smart, and by that, I mean it’s important to open ourselves up to ideas and concepts that are new. No matter how unconventional they may be, they are still worth a try. You’ll never know if they offer revolutionary solutions to highly complicated tasks. This will certainly add more to your productivity later on.
Ever since we were children, parents often tell us to follow the rules no matter how ineffective they seem to be. Fortunately, people have looked past the rules and tried out new and better things.
Being a passionate learner on all things real estate, I always find time to read articles and books. In the process of learning, I was able to change my perspective. I realized that there many ways to handle a difficult task. So, it always helps to absorb as much as we can about our markers.
What else are the best methods for improving productivity? Let’s discuss about them in the comments below.