Annual Planning Elements For Real Estate Investors
It is that time of the year again. 2013 is coming to an end and real estate investors are evaluating their current direction. While a lot of investors have a five-year plan, everyone should have an annual plan to some degree. However, as far as your strategy goes out, the end of the year is a common time to take stock and re-evaluate plans for the coming 12 months.
Most real estate investors will have their goals and monthly targets mapped out. Savvy investors will already be generating leads for the New Year. However, those that are really serious about their success will implement the following aspects into their future plans:
Just as rest days are important to a bodybuilder’s workout regiment, vacation time is critical for real estate investors. Vacation allows most to find their innovative thoughts, biggest breakthroughs and helps them perform at their best when they return to action. Of course, if you don’t plan for it, the odds are that it won’t happen. So where are you going and when will you go? For the master procrastinators and the workaholics that always find an excuse not to getaway at the last minute, layaway vacations are the trick. You won’t be so tempted to back out if you’ve already invested in it.
Consistency is essential for effective real estate marketing. However, top level investors also recognize the importance and advantages of timed marketing surges. Take advantage of the holiday season to market to a specific niche.
Real estate investors that are constantly learning and investing in their real estate education have a significant advantage. If you ever think you know everything about this industry, you are in for a big surprise. Unfortunately, unless you plan to further your education, it normally gets neglected. If you already have a real estate investing education course, or have your eye on one you’d like as a gift for the holidays, make sure you block out time on your daily schedule to work through it. If you don’t, and are already well into the swing of the business, look up special courses or certification classes you can take. Coaching will provide not only accountability, but higher level education and insight on an ongoing basis.
Real estate investing is a people business. Winning in this industry requires constantly making new connections. In fact, your level of success is directly tied to the number of new contacts you make each day. Guarantee a great year ahead by scheduling in at least one or two networking events each week. They could be rotating to different local industry networking get-togethers, or even simply committing to lunch with a new power partner.
Events to Attend
Building on both the networking and educational points above, planning to attend several larger events each year can also be a savvy move for real estate investors. Conferences, seminars, training events and retreats all work. They can be specific to your industry, or focused on a general topic which impacts you. Some have even reported success in attending events for other industries and becoming their real estate expert. This is the chance to learn, vacation, network and market your business all at once.