As a commercial real estate developer or an owner of a construction project, many people can spend up to 70 hours a week. Not properly managing your time means it will require you to spend more time on a project, hampering your personal life. To be a successful real estate developer, you don’t have to spend more than 40 hours a week. Let’s see how to manage your time more effectively on a construction project:
1. Prioritize Your Daily Tasks
The very first step of time management in a commercial real estate career is to prioritize your daily tasks. Eisenhower matrix is a great way to manage your time where you can see which tasks are of greater importance and which ones are urgent. On the Eisenhower matrix, you can figure out which work needs to be done first. The remaining tasks which have a lower priority can be done later. So, you should take your time and figure out the importance of each job that you have to better use your time.
2. Use a proper CRM
Lead management is an essential task of any real estate project. However, when you have several leads where you cannot focus properly, you need help. Professional real estate experts use an excellent tool for this, which is Customer Relationship Management, or CRM. A proper CRM system will let you keep track of customers and help automate some tasks. A robust CRM system will also help you with statistical analysis of your projects and create functional metrics to track your progress. A real estate business must need a functional CRM.
3. Hire a VA
To be truthful, you cannot handle all the necessary responsibilities alone. You did it before and had to spend an extensive amount of time to ensure the completion of all of the work. Some work is essential but can be left to someone else. One of these tasks is customer support. When you hire a virtual assistant, they will manage the customer support section. They will also be able to execute some of your tasks. As a result, you will find more time to handle more important things. Where can you hire a VA? There are many great freelancers who have experience as a real estate VA. You can rely on them without having to hire a full-time employee and they are relatively inexpensive as well.
4. Join a team or start one
If you are feeling particularly overwhelming, consider hiring a team. A team can manage large amounts of tasks without having any issues. When you think about top real estate developers in the game, they have VAs, ISA, and some other people working under them. A team is significantly stronger and can handle more projects than usual. If you are not finding a good team to participate, you should consider starting one.
5. Take enough time to rest.
One of the most essential things is to focus. Being focused means, you can do complicated tasks in a small amount of time. So how can you improve your focusing abilities? By taking time to rest. A lot of newcomers to the real estate business don’t give themselves enough time to rest. Sometimes they think that the more work they do, the better chances they have with success and earn more. Even though you may experience some good results in the beginning, over time the project can become monotonous, resulting in a loss of focus. So take enough time to rest in between your project schedule.
