Real Estate Investing: Success Is In The Little Things Article

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Real Estate Investing: Success is in the Little Things

Doing a better job of the job you are already doing is a simple matter of execution and maximizing your efficiency and precious resources.

Author: Jay Reddingg

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It is not altogether difficult to be a mediocre part-time investor. All it takes is doing a deal or two every couple of years, and not quitting your day job. And some people are happy at that level of investment. But for many of us who are more ambitious, there is a terrible frustration associated with the struggle to rise out of the enormous crop of average, and into the upper echelon of successful stand-out investors. The question then becomes, “How do I change what I’m doing now to become one of those outstanding investors?” The answer is not what you want to hear: you already know what to do, you just have to do it better.

This may sound like discouraging news, but this article is a reminder that doing a better job of the job you are already doing is a simple matter of execution and maximizing your efficiency and precious resources. In other words, it is a matter of being conscientious. This means considering every decision and option carefully at every turn, no matter how minor. Intensity and efficiency is a function of systematic preparation and execution, which means you need to make a plan, establish goals, and stick to it for everything you do.

When you sit down in the morning to make your daily calls to leads, instead of just plopping down at your desk and starting to work your way through your leads willy-nilly, do the job with intensity and efficiency. Organize your leads in a database, give yourself a window of time during which you will do nothing but call leads, and do nothing but call leads. When you hang up the phone, pick it back up and make another call. Don’t get up in between to grab a drink, or check sportscenter, or anything else. Stick to your plan, accomplish your goals.

If you do this with all of your business’ activities (it’s easy to do for a day, but can you do it for a year?) you will be amazed at the noticeable change in your productivity, income, and free time. And who would turn down any of those? Enjoying the fruits of labor first requires labor, and it stands to reason that the harder you work during the time you designate for work, the more you will be able to enjoy it during the rest of the time.

So, like I said, there are no new lessons in this article. You already know what you need to do to be a successful investor (and if you don’t, then open your eyes and take a look around, because the lessons are everywhere). The key to actually being that successful investor is diligently sticking to those tasks, and working with a system that allows you to establish and work towards goals, as well as to evaluate your performance against those various goals you set.

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Real Estate Investing: Success is in the Little Things