Hey – Alex Pardo here. Well now I’m back from a, hot, ROCKIN’ Las Vegas trip!
I love that town! If you follow me on Facebook, then you know I’m constantly on the move. I love spending time with friends, family and loved ones around the country, and I love that real estate makes that possible.
Of course, it wasn’t always that way. When things first took off for me, one of my significant other’s biggest complaints was that I basically never left the “office”. Even when I wasn’t physically there, my mind was on work and I was constantly shuffling papers, taking calls, reviewing deals and looking to grow, grow, grow. And I still feel that passionate about my business today. So what’s different? I learned to manage my time in a way that did not detract from my ability to do high volumes of deals: I automated.
Automation is absolutely critical to your real estate investing success unless you just want to spend every waking moment thinking about real estate investing. And it’s not as hard as you might think. Here are some important things to start doing now in order to take some of the weight off your shoulders in your real estate investing business:
1. Set up a call-answering service
There are some very simple things that can and should be done to establish whether or not a seller is motivated and the deal fits your criteria. Have an answering service do this pre-screening.
2. Establish a bird-dog system
Reward the people that bring you deals! Make sure that everyone you know knows that if they bring you a potential deal that results in a successful transaction that you will make sure to compensate them appropriately. The first time this happens and a deal closes, you will have a dedicated deal-finder for life. And they’re essentially “free” because you only pay when you make money.
3. Put your routine down on paper
Even if you are not yet in a position to hire a virtual assistant (VA), you need to have a manual of operations in place. This will help you and your staff become more efficient. So write down what you do each day, then evaluate it for time-saving opportunities and determine what could potentially be outsourced for a low cost.
As you develop a clearer routine for your business, you will find that many aspects can be automated. In no time, you will be able to enjoy the aspects of real estate you are passionate about without your friends and family feeling as if they have been “deserted.”
Action Item: Draw Your Day
Make a timeline of a typical day. Then, check it against reality to determine how you are really spending your time. Where necessary or appropriate, adjust your behaviors or the time allotted to a specific activity to make your work day more efficient.
If you want to learn exactly how to automate your entire business (and I don’t know why you wouldn’t), then CLICK HERE
Also, comment below and let me know what you think of this post —->