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Eliminating Inefficiency in My Real Estate Business

By
Real Estate Agent with Solid Source Realty GA 320764

 

When I started as a real estate professional a few years ago, I scrambled to get up to speed as quickly as possible. I spent those first years learning the business, mastering the basic internet technologies and investing in extra training to equip me for this challenging market I’d entered. And I worked like a dog! All the time.

 Time Management

Over the past year I’ve made several reforms to my fledgling real estate business to make it work better for me. I’ve had to be realistic about what one little lady can realistically get done in a day. In the course, I’ve learned some things about time:

 

(1)          For one thing, time is truly NOT manageable, so I’ve stopped trying to manage it and just learned to respect it as the precious, non-renewable resource that it is.

 

(2)          For another thing, my choices truly ARE manageable, and so I’ve learned to choose my activities wisely. I am constantly on the lookout for ways to do less and accomplish more.

 

To that end I have begun keeping a running list of things I MUST do to keep my business healthy, and things I’d LIKE to do to make my business grow. I’ve developed my own systems and checklists for every aspect of my short sale  and investor's agent niches, to help smooth those often volatile transactions as much as possible.

 

I’ve learned to choose the most important things that must be accomplished each day and just get those done first thing. The way I do that is by blocking out my mornings for all of the MUST-DO items that will keep me in business – lead generation, first of all, and client care items after that.  To facilitate this I have adopted a No-Calls-or-Emails-Before-11 a.m. rule. And I stick to it.  I actually turn the phone off, so that I can’t even hear it vibrating in the background. It works beautifully.

 

I keep the list right on my computer desktop, and as I finish each job, I actually do check it off. This not only feels great when I do it, but it also serves to visually remind me of all that I am accomplishing each day.  

 

And a few times each week, I also block out some afternoon “Project” time, when, once again, I turn the phone off and close the email program while I concentrate on the job at hand – those forward-focused activities designed to grow my business.

 

Using these systems, “Efficiency in Real Estate” is finally becoming a comfortable habit with me.

What's working for you in your real estate business? There's still time to share your great ideas for eliminating inefficencies in your business by joining this DocuSign Challenge.

 

Image: winnond / FreeDigitalPhotos.net

Pam Miller
Realty Associates - Conroe, TX
Broker Associate - Water Crest on Lake Conroe

Elva - This is a learn as you go business and it sounds as if you are getting a program that works for you.  Wishing you great success!

Mar 21, 2012 01:00 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Elva - I like you take on things. I am not good at managing anything...

"I am constantly on the lookout for ways to do less and accomplish more."

Isn;t it funny that it takes so much time to figure out the ways to do less? (LOL)

Mar 21, 2012 01:04 PM
Chris Smith
Re/Max Chay Realty Inc., Brokerage - New Tecumseth, ON
South Simcoe, Caledon, King, Orangeville Real Esta

Elva, the running list of "must do" items is a great idea.  Here's to your success

Mar 21, 2012 01:06 PM
Brian Sharkey
SharkeyRE LLC - Singer Island, FL
SharkeyRE

Elva, great job I hope you keep improving.  we all have 168 hours in a week, some agents made no money this week and other made thousands, how will you insure your future customers that you will be able to provide for them?  PROFIT!  good luck

Mar 21, 2012 01:11 PM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Elva. It sounds like you really have it under control. My morning is also for my must do stuff. My most do is a bit different than yours. I take care of tasks that got left over from the day before, and other things that come up on my list. And yes, I do keep a list. Like you, I cross things off as they are done.

Mar 21, 2012 01:12 PM
John Pusa
Glendale, CA

Elva - Thank you for sharing detailed quality information on eliminating inefficiency in my real estate business.

Mar 21, 2012 01:36 PM
Diane Glander
Diane Turton Realtors - Spring Lake, NJ
Diane Glander

Love your ideas.  I need to incorporate them into my business.  How do you deal with the no email or phone calls before 11AM with all the fires we have to put out as agents?  Do you tell all your clients you are not available those hours and explain why?  In this day of immediate gratification, I would be afraid to do that!

Mar 21, 2012 02:11 PM
Elva Branson-Lee
Solid Source Realty GA - Atlanta, GA
CDPE - Atlanta Real Estate & Short Sale Agent

Pam - I'm in constant learning mode, especially with so many things changing in our professional space from season-t0season.

Jon - I know! At my age, time takes on  new meaning, and I need to be wise about it.

Chris - The running to-do list is a life saver and a stress reducer rolled into one.

Brian - Being in business means making a profit. Pure and simple. I plan to be  in business until I don't want to anymore.

Mar 22, 2012 12:38 AM
Elva Branson-Lee
Solid Source Realty GA - Atlanta, GA
CDPE - Atlanta Real Estate & Short Sale Agent

Debby - I put the left over things at the end of my list, not the top. But mostly, I try to figure out how not to have left-over items. I'm learing how many tasks I can realistically get done in the time allotted, and that's how many make the cut. It's taken time, but I'm learning the difference between what's really important and what's not.

John - You are welcome.

Diane - Short sale fires are part and parcel of the niche. I've discovered that the world doesn't explode, nor does the transaction burn to the ground if I don't put the fire out before 11 am. That's all. I let my clients know that I will be in regular contact, but NOT available every minute. And, as a rule, I don't work weekends, unless it's an open house. We have to establish our boundaries, and hold to them. Otherwise, the demands of the job will overrun us every time.

Mar 22, 2012 12:48 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Elva, Time is all we really have. When we make good use of the time we have I believe we create happier and more successful lives.  Its good to create efficiency habits!

Mar 22, 2012 02:13 PM
Lynn B. Friedman CRS Atlanta, GA 404-617-6375
Atlanta Homes ODAT Realty - Love our Great City - Love our Clients! Buckhead - Midtown - Westside - Atlanta, GA
Concierge Service for Our Atlanta Sellers & Buyers

Dear Elva - 

Having a system that works for you is a great idea. It is so important and yet so hard to stick to when the interruptions arrive!

Have a happy day -
Lynn 

Mar 22, 2012 05:00 PM
Elva Branson-Lee
Solid Source Realty GA - Atlanta, GA
CDPE - Atlanta Real Estate & Short Sale Agent

Kathleen, we think alike. Efficiency leaves more time to just enjoy our lives.

Lynn, "sticking to it" is the trick, isn't it? But turning the phone off helps keep interruptions to a minimum.

Mar 28, 2012 10:24 AM