We hear it over and over again that real estate investors are working SO many hours in their business, that their business owns them. They can’t take a vacation or take a few hours off to see their kids game because of the fear that their business will fall apart if they step away for a few hours.
Except, that’s not how most investors envision their businesses being. Most get into the business with the expectation that eventually, their business will largely run with their team and you aren’t working so many hours a week and can actually ENJOY your life.
Really, who gets into a career and enjoys working 16-hour days and barely having time for friends and family?
We get that you might be that way when you’re first starting out because you don’t have the means to hire help, but it should be a goal to hire people based on your weaknesses so that slowly, you’ll be able to take the weight off your shoulders and stop working yourself so hard.
You need to make a list of things you do in your business that you’re both good at AND enjoy doing.
These are the things you’re most likely strongest in and should continue doing.
Consider what you’re able to pass off to someone else.
For many investors, they aren’t good (and don’t like) the admin stuff, bookkeeping, and long-term follow up. They take up a good amount of time and if you don’t enjoy doing it, it will most likely benefit your business to find someone else to help you out in those areas.
There’s some areas of your business that you don’t trust with others or you don’t think anyone can do as well as you can.
But ask yourself… do you want to continue doing everything, forever?
Hopefully, you answered NO and you realize that by getting out of your own way, it opens up the opportunity for your business to thrive because you’re getting the right people in the right seats.
On areas of the job that you’re delegating off to someone else, make detailed video trainings on every crucial task so that they know how YOU like it done and your training should end up being more efficient.
As you start to let go and trust your team, you’ll slowly start regaining that quality of life that we all desire.
Real estate investing can change someone’s life dramatically but you should know your “why” and work towards that goal.
It can be to set yourself up for retirement, to provide a legacy for your children, to have the power to help others, and more.
Don’t lose sight of your “why” and make sure you’re able to enjoy what you’ve created!