The list of unfinished projects continues to grow, as “spare time” becomes an increasingly precious commodity

By
Real Estate Broker/Owner with Richard Weisser Realty

 

Getting to work on an unfinished project demands time!Like everyone else, I have a list of unfinished projects that need addressing. I’m not really talking about things that I want to do or am planning to do, but projects that have already been set into action, with money spent and time invested.

The unfinished items include everything and anything from some incomplete home improvements to revamping several websites to getting better organized.

As the list continues to get longer and longer, I have dismissed my inability to keep up as a natural occurrence commensurate with my age. Perhaps I am slowing down a bit as time takes its toll.

But I am not ready for the retirement home yet, and I’m pretty robust for my years. So I came to the realization that my inability to keep up with these activities is actually related to my work as a real estate broker.

Very simply put; the real estate business demands a lot more time than in years past. Not only does it take a lot more effort to generate leads and create new business, but transactions in progress require substantially more work than in the past.

It is not uncommon to spend an hour a day on each transaction that is already “in the drawer,” two to three hours doing online marketing and social networking, and another hour scrubbing leads and following up on prospects.

That’s not counting the actual hardcore business of preparing listing presentations, scheduling showings, and actually meeting with clients to list a home or to show property. It makes for some very long work days.

This leaves very little remaining time to complete all of these unfinished business and personal projects that I have started.

There are just not enough hours in the day!

 

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Rainmaker
604,494
Kelly Willey
Coco Plum Real Estate, Kelly Willey, FLORIDA KEYS - Marathon, FL
Florida Keys Luxury Sales, Marathon, Key Colony

Richard:

That is so true and why I am re-evaluating my business, out sourcing tasks and hiring an assistant.

Kelly in the KEYS

Aug 29, 2010 02:16 AM #1
Ambassador
2,735,521
Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Richard, The amount of time consumed in real estate has pushed us more towards hiring people to do things we would have formerly done ourselves (e.g. cleaning/staining the deck).  Our time has value, and some projects are so seasonal there's no waiting until we are available to do them!

Aug 29, 2010 02:26 AM #2
Rainmaker
3,858,457
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Richard,

Good mental health in this business is crucial. I have learned to outsource some tasks and maintain a full time assistant..there is no way I could handle the business I do, enjoy traveling with my husband and enjoy my grandkids and family. The money spent is worth every penny!! At any age we can not do it all!!

Aug 29, 2010 02:30 AM #3
Ambassador
1,726,269
Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional

Kelly...

An excellent approach... I had an assistant in the "good old days!" THX

Liz...

For the first time in my life, I have hired someone to mow the lawn. It feels weird! Thanks so much.

Dorie...

Prices are so low here, it's hard to afford an assistant. And a $30,000 house takes as much time as a $300,000 house. No wait, it usually takes more! Thanks my friend.

Aug 29, 2010 02:38 AM #4
Rainmaker
1,958,100
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Make some super points Richard. But in many ways the delivery to more folks quicker, more yodacompletely and with less time involved helps with software, short cuts learned here on AR.

 Example, back in 1980, contracts walked in to attorney, banks, black and white poloroids peeled back and ad to local paper hand delivered. Now faxes, scans save that step.

Video delivers show and tell with sound and quick delivery of how the property pieces fit. What the community is like because the buyer is not just local anymore.  

An ever changing industry this real estate dog and pony career is says Yoda.

Aug 29, 2010 02:39 AM #5
Ambassador
525,489
Tom Branch
RE/MAX Dallas Suburbs - Plano, TX
Broker, CDPE, SFR, ACRE, Plano TX Ambassador

There never seems to be enough time to catch up.  I just added a licensed assistant to my staff to help with some of the workload.

Tom

Aug 29, 2010 02:42 AM #6
Rainmaker
3,983,713
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Richard...The internet age has created much more work in the long run.  When I look back, Real Estate was a lot easier and much less time consuming even just 5-6 years ago.   SEND ME BACK IN TIME!!!!

Aug 29, 2010 02:44 AM #7
Rainer
264,127
Bill Travis
Captain Bill Realty, LLC - Gilbert, AZ
Broker/Owner

Tony,the pile of materials on that job site looks like the pile of papers on my desk

 

Aug 29, 2010 02:52 AM #9
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Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Richard, I hear ya, loud and clear. I couldn't hire an assistant, that's for sure. It's all up to me.

Aug 29, 2010 02:54 AM #10
Ambassador
1,155,478
Craig Rutman
Helping people in transition - Cary, NC
Raleigh, Cary, Apex area Realtor

We're working twice as hard for the same dollar these days. My "List O' Plenty" seems to grow daily!

Aug 29, 2010 03:16 AM #11
Rainmaker
1,052,421
Steve Loynd
Alpine Lakes Real Estate Inc., - Lincoln, NH
800-926-5653, White Mountains NH

Richard, I try to tell my real estate investors about the law of diminishing return...when these guys insist of painting or cleaning out a rental , but his real job suffers due to him playing handy man-or the work doesn't get done quickly and we lose a months rent...the guy is being penny wise and pound foolish. Work on the things that make you money and hire someone for the other list.

Aug 29, 2010 03:33 AM #12
Rainer
324,283
Don MacLean
New England Real Estate Center Inc. - Easton, MA
Realtor-Homes for Sale- Easton Mass

Richard

It appears by the photo your efforts have paid off

Let us know when your new office is complete

Enjoy the day

Aug 29, 2010 03:39 AM #13
Rainmaker
335,661
Jenna Dixon
DRA Homes | Cobb County Real Estate - Marietta, GA
Empowers You With a Better Real Estate Experience

Oh me too!  Everytime I think I am about to tackle something and get it off my list something else pops up that MUST be done.  Right now I am in "keep up" mode.  Just keeping up with the laundry is a challenge!

Aug 29, 2010 04:38 AM #14
Rainmaker
689,850
Cynthia Larsen
Cotati, CA
Independent Broker In Sonoma County, CA

Richard - you hit the nail on the head with this comment ... two to three hours doing online marketing and social networking. This is the added activity to our job that is taking so much more of our time than before.

Aug 29, 2010 04:45 AM #15
Rainer
53,639
Lesley Wagstaff
Re/Max Results Realty in Vancouver, BC - Coquitlam, BC
For Real Estate and Mortgages

I agree with you 100%.  It seems like every part of our business is getting more and more difficult and time consuming.  It basically has to be babysat from beginning to end, with no stop in the middle.

Aug 29, 2010 04:47 AM #16
Rainmaker
631,213
Nancy Conner
Olympia, WA
Olympia/Thurston County WA

Oh yeah!!  And the hardest part can be evaluating whether something on the to do list is important to do.  I've definitely realized some things just don't actually need to be done - or not by me - and let them go!  (That being said, the pile on my desk is NOT getting smaller - LOL)

Aug 29, 2010 04:51 AM #17
Rainmaker
262,105
Paula Swayne
Dunnigan, Realtors, Sacramento (916) 425-9715 - Sacramento, CA
Realtor-Land Park, East Sac & Curtis Park -Dunniga

Hi Richard!
My daughter swears that there needs to be 27 hours in a day to get all of her real estate and personal life stuff done.  I have been facilitating the changeover from Windermere Dunnigan Realtors back to Dunnigan Realtors and helping 50 agents in the process, so my business is pretty much non-existent and the moment.  After 2 months of new business cards, new signage both on buildings and open house, listing signs), internet changes, advertising and other assundry stuff, I am just about done. I can finally start working on my own business again...but 27 hours in a day sure would have helped!

Aug 29, 2010 08:32 AM #18
Ambassador
3,102,428
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

As soon as I read the line where you were attributing the unfinished projects to your age, I was going to say it had to be your career.  I know that I have many more unfinished projects lying around the house than I did before starting my career in real estate.

Aug 29, 2010 10:35 AM #19
Rainer
41,371
Rob Albertson
Realty Austin - Austin, TX

I'm glad I'm not the only one who feels like this line of work always puts me behind with the rest of the thing in my life.  As I read this, I'm trying to cross off items off my to-do list from 2 weeks ago...good thing Active Rain was on there or maybe I wouldn't have read this.

Aug 29, 2010 11:44 AM #20
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