Achieving a positive work/life balance in real estate is much easier said than done.
It’s true whether you’re a new real estate agent selling real estate full time, or an experienced broker or real estate investor. It’s true whether you work in residential, commercial real estate, property management, or another real estate niche. Positive time management in real estate can be difficult to achieve.
Why Have A Work/Life Balance In Real Estate?
In the real estate business the more you work the more money you make. If you work in various markets around the world, you can literally work 24/7, seven-days-a-week if you choose to do so.
This works well for a while, and a little bit longer than a while for real estate people who have no family to worry about. And those that are able to focus 100% on their real estate business.
But after a while, no matter what you do, real estate burnout occurs.
You forget to return phone calls or emails. You’re not able to hold an intelligent conversation with clients or friends about a topic that doesn’t involve work. Or you make a mistake on a contract and end up getting sued.
Five Ways To Achieve A Positive Work/Life Balance In Real Estate
Here are five tips to balancing your work and life when you work in the real estate business:
- Email – limit reading, replying, and sending emails to one or two times per day
- Phone calls – as with emails, limit the times when you will make and receive phone calls
- Working hours – have set working hours and take at least one full day off each week
- Choose clients carefully – many prospective real estate clients don’t value your time and actually have no intention of buying anything from you . . . learn to choose the ones the will make money for you and learn to say ‘No’
- Pick a real estate niche – you can’t be an expert in every field of real estate, and you can’t be all things to all people . . . choose what you’re good at and stick to it