Real estate 101 - creating a life-work balance

By
Managing Real Estate Broker with LoKation Real Estate

Real estate 101 - creating a life-work balance - One of the sad truths about real estate as a profession is that it can consume you. It can take over your life and push loved ones aside like they wereBalancing act yesterdays news. Many agents do not take control of the clients form the beginning and they pay the consequences in  the end.

I meet with agents daily, from my own brokerage as well as others, I love to train and mentor them and I am also trying to grow my company so I am in front of a lot of agents. When I see a productive agent, either through their personal production numbers or from transactions I have had with them I like to sit down with them to see if their might be a fit.

Sadly, today I reached out to an agent I met a couple years ago, a very productive agent that any broker would love to have on their team, she was truly one of the best in the business. I sent a note to her to see if she would like to get together for coffee and her response was "I am leaving real estate, it has taken way too much of my time away from what is really important and that is may family, my marriage has been in shambles for a few years now and I have missed too many of my children's events"

WOW! I really felt for her and I can not tell you how many agents I have met over the years that have gone through exactly the same thing. I do not want a single one of my agents to ever put their business before their family, there are ways to do both. I joke that my boys never knew I worked for the first 10 years I was in the business because I attended every school function, coached every team they played on (if they wanted me to). I was there for breakfast every morning, and still am even though they are now in college, I know they get a little annoyed when I am sitting at the cafeteria waiting for them and tBurnoutheir roommates.... okay just kidding there to see if you are still with me.

I believe that you must have a work/life balance and that starts with your priorities. Sit down some time, right now would be great and write out what is the most important thing in your life, write down several things and put them in order of importance and if family is not at the top of the charts then hang on tight because you will be in for a helluva ride.

Each and every week I look at my boys schedules, still, and yes even though they are in college, they are going to a local school here in Denver so they still live at home, and then I plan my schedule accordingly, we have a family dinner every Sunday, we try to have game night or a few friends over every Friday and Saturday and the rest of the week we fill in the blanks, There is a way to do this but you absolutely must set your priorities or you will become another statistic.

I remember when I was searching for a brokerage, one of the managing brokers I interviewed had been married twice and was struggling with his third, all because of the demands of the business if not controlled. DO NOT let it control you, you have rights and your family deserves you to be there for them

So many people get into this industry for this exact reason and then they let it swallow them whole.

Posted by

 

John Marshall -Fore!

Low-Maintenance Golf Course Living

I have been involved in the Golf Communities through-out Colorado for the past several years. As a contributing writer for Colorado Golf Magazine I write articles regarding new course development and their surrounding communities.

720-982-6322

"A good agent will learn to dance to the clients music, but a great agent will write the music that attracts the clients he wants to dance with." John J Marshall

If you are a new agent and finding the road more difficult than you thought, please send me a note and I would be happy to help.

I enjoy helping agents to find their niche!

 I am happy to help.

Comments (11)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I always try to answer the phone, but I also let people know that I am not always available 24/7.  Most are good about it but you have to tell them what will work for you also.   To bad she is leaving.

Aug 19, 2014 09:37 AM
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

I'm going to venture a guess and say she was was a "Buyers Agent" for a big box mega-team who wore her out, and didn't compensate her worth doodly squat.  This is too bad but I've heard the tale before. 

Aug 19, 2014 10:31 AM
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

There is a certain irony, isn't there. People get in to real estate for the freedom, but it seems they never find it.

Aug 19, 2014 12:33 PM
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Like everything in life BALANCE is critical. I am a huge advocate of work while you are at work and be productive and when its time to go you go and tomorrow is a new day. I dont follow it myself as much as I should but I make my guys do it and also knwo that No balance means a serious problem is in the making

Aug 19, 2014 03:31 PM
John Marshall - FORE!
LoKation Real Estate - Cherry Hills Village, CO
Specializing in Golf Course Properties

William -  yep she is a good one, and yes we must answer our phones, and as long as the clients respect our time we will respect them

Carla - close, she was about 80/20 buyers to sellers and yes she gave too much back to the company

Donna - especially when they think they have to "jump" when their clients tell them

Dave - I know you and I am sure you know how to go 110% when you play and work and keep the two seperate and I gotta believe your team is very well balanced as well.

Aug 19, 2014 11:49 PM
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

I am reading a lot of posts talking about the importance of taking every call no matter when it comes in because it could mean thousands lost.  That's how this happens to people.  They can't disconnect.  They can't set boundaries.  I am not at all attached to my phone, yet I do very well in this business.  I am sure I have lost business because I didn't answer the phone here and there.  Whatever.  I don't care.  My business is plugging right along and I'm doing great...and even have a life.

Aug 20, 2014 06:15 AM
John Marshall - FORE!
LoKation Real Estate - Cherry Hills Village, CO
Specializing in Golf Course Properties

Chris Ann -  I like to tell my clients the hours I am avaialble and if they feel they have an emergency to call 911, because there is nothing I can do about it after hours

Aug 20, 2014 07:30 AM
Dorothy Crisfield
Keller Williams Realty - Chester, NY
Keller Williams NY

  Being new to "full time" real estate I am trying to keep the balance. I am glad to have read your post and found it very helpful.  Thank You John.

 

Aug 22, 2014 05:45 AM
John Marshall - FORE!
LoKation Real Estate - Cherry Hills Village, CO
Specializing in Golf Course Properties

Dorothy Crisfield you are welcome and my best to you in the business and if you ever want to give me a call feel free, I am happy to help

Aug 22, 2014 11:06 PM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

This business can eat you up if you aren't careful. Right now I'm feeling the need for more time off. But you are right...family first and set boundaries with your clients. 

Aug 27, 2014 12:36 PM
William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Hi John, Great post and the message is perfect. I would add that technology has greatly improved the amount of time required and has given us some freedom from being tethered.

Sep 09, 2014 02:59 PM

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