An ideal workplace is one of the necessary components of a successful business. Having a comfortable office brings out more productivity to your mind. With the advent of technology, a dream office is no longer limited to a physical space. In fact, the rise of the digital era shifts the trend to virtual offices.
Doing fieldwork seems to be inevitable if you are engaged in real estate investing. You need to accomplish tasks such as finding deals, looking for distressed and motivated sellers, checking the condition of properties, working with contractors and other duties. Is there a way to do all these tasks within the comforts of your own home? In Real Estate IQ, we believe that the answer is in the affirmative as we want to make things possible for you.
Here are 3 simple tips on how you can manage a work from home set-up as a real estate investor:
No. 1 – Set your Priorities
Setting your priorities is important especially when you are in a virtual workplace. The drawback of working from home is the possibility of being too comfortable with the set-up. The relaxing feeling of literally staying at home must result in productivity and not inefficiency. In this regard, you must set your priorities to assure that you are on-track in meeting your objectives. In setting your priorities, you may consider doing the following tips:
- Have a to-do-list
- Write your short term and long term goals
- Keep a record of your progress
- Find a place where you can focus yourself on achieving your objectives
- Conduct a post-assessment review after accomplishing a task
No. 2- Create an efficient time frame
In a work from home set-up, you have the freedom to manage your own pace. You will not have to worry about avoiding the traffic on rush hours during your trip back to home. However, the weakness of this arrangement is the inclination to procrastinate. You may take breaks for too long and get lost in your schedule. To avoid being unproductive, you must set an efficient time frame and make sure to have discipline in following your schedule or target output.
During your free time, you may attend online events about real estate investing. Feel free to be part of our discussions about real estate strategies, latest hot trends, and successful habits of an investor by watching and joining our webinars at REIQ Events.
No. 3 Equip yourself with automated investment tools
Automation is a system that integrates artificial and automation intelligence in a production process. In real estate investing, you can accomplish various tasks from deal finding to closing of contracts easier and faster if you will equip yourself with automated investment tools. Some of the investment automated tools we offer are as follows:
Fast CMA– Set your own parameters and see the pictures, location, agent comments, and relevant information for all recently sold, leased, or active MLS comparable properties.
Repair estimator– Do a quick rehab budget and place an offer with this calculator coupled with a guide tutorial video!
Deal analyzer– Exit strategy calculators for wholesale, fix and flip buy and hold and owner finance. Just enter the needed information and let it calculate your estimated Return on investment!
Through these guide steps and proper automation tools, you may explore working at the comforts of your own home. Join our network of investors at community portal and let us learn together!
Steve Liang is the Co-founder and CEO of Real Estate IQ. He is a national speaker and a member of the Real Estate Advisory Board of North Lake College. Some of his achievements include being the REIQ’s Market Leader in Real Estate Intelligence Augmentation; co-founder of Real Estate Deal Finders Meetup, which hosts over 20 monthly real estate networking and deal-finding training in Texas; and a goal-setter and motivational speaker that helps entrepreneurs to unleash their potential and achieve their goals. Steve has spent most of his career practicing leadership, management, marketing, strategy, and execution
Disclaimer: The blog articles are intended for educational and informational purposes only. Nothing in the content is intended as legal or financial advice.