Because real estate can be a 24/7 business it can easily lead to real estate burnout if you allow it to. Here are some of the best ways to avoid burning out in real estate while still being a six-figure earner.
Finding the work-life balance that works for you avoids real estate burnout
When you’re first starting out in real estate it might seem like you’re living to work. It’s true, in a highly competitive business like real estate there are dues to pay and hours to put in. But balancing work and play will make you more productive.
Three ways to balance your work life and avoid burning out are:
- Take the same day off each week
- Set the right expectations with clients upfront
- Focus on a single real estate niche
Avoid real estate burnout by closing your office
Just because the real estate business can be 24/7 it doesn’t mean that you have to work around the clock, week in and week out. Closing your office one or two days a week means no phone calls, emails, or text messages.
These tips work even if you don’t have a physical office to close. Closing your office is as much mental as it is physical.
Avoid burning out by setting the right client expectations
Setting the right expectations with clients also helps agents void real estate burnout. If your office – or yourself, if you don’t have a physical office – is closed on Sundays or the weekends, let clients know right up front.
Many real estate agents are afraid do to this because they’re afraid of being seen as non-responsive. But in fact, the opposite is true. By letting customers and clients know that you have set business hours they’re much more likely to view you as the real estate professional that you really are.
Focusing on a single niche helps avoid real estate burnout
A lot of real estate agents, even those that have been in the real estate business for a while, believe that they have to be all things to all people. They figure the more they do, the more money they’ll make. Unfortunately this is one of the major factors in real estate burnout.
Focusing on a single real estate niche helps avoid burnout by concentrating your skills, knowledge, time and effort on what you’re best at. If you do that, the money – and the clients – will follow.
Five examples of real estate niches are:
- Buyer representation
- Commercial property management
- Office leasing agent
- Coworking office specialist
- Multifamily sales specialist