subject: Managing Your Time As A Real Estate Investor [print this page] Managing your time as a real estate investor can get kind of complicated. Your task is to implement several ways of finding out what you need to do and what you need to know. Tasks, tasks, tasks. It can all become overwhelming rather quickly. That's where time management comes into play. It's all about the planning and you have a plan that needs to be taken care of.
First things first, go to your business plan. You should have a one-page plan already made up. Now, break that plan up into monthly goals, weekly goals, and daily goals. This will help you come up with a to-do list that is manageable. Really, the process is all about breaking your business plan into action steps. Decide who does what and when, schedule the work to be done, and then just do it! Instead of wasting time watching TV, or researching the latest and greatest information that won't come in handy for another six months, just get out there and do it! That's the first step in time management, especially in the real estate business.
Keep this in mind: if it's on your list for the month, do it. If not, it can wait until later. When you do the tasks that aren't yet on your list, you'll become just as ineffective as sitting there and doing nothing. Make that list of 10 or 20 things to do every month and stick to that list. You do those tasks first and if there's time left over, then you start on the other tasks. If there's time left over, that's when you can do the easy items or even have a little bit of fun!
The key to time management as a real estate investor is to keep your priorities in mind. Use these simple strategies and methods that have been proven to work. It's all about breaking your business plan down into manageable tasks.
