As we start a brand new year, it's a perfect time to realign your goals and aspirations. Today we're going to give you five tips to avoid real estate burnout.
Did you know that roughly 85 to 90% of all agents leave the real estate business in their first five years, and only 25% make it to year ten. That is a frightening figure and indicates that new agents are not being prepared for what they're getting themselves into. But we're here to help you succeed.
1) Schedule Everything.
This is by far the most important tip I can give anyone starting out in real estate. You've just got to schedule everything. This includes your personal life, your free time, your family time. Everything. This is important to master so that you know when to plug in, but also when to unplug.
2) Find Time For Yourself
Set boundaries and find time for yourself when you're new in real estate. There's a lot of excitement and newness that comes with it and you're going to want to work as much as possible, but it’s important to pace yourself. This is probably one of the toughest tips because it's easy to get absorbed into your work. Take time to enjoy things for yourself. This means taking vacations and turning up your phone from midnight. That sounds impossible, right?
3) Automate Your Tasks
You have to think smart about how to use technology to your advantage. There are many tools that exist today that can help us schedule work tasks and stay on top of everything without needing to put in much effort. I like things like Calendly, Monday.com, CRM tools, email automation, and even hiring an extra set of hands to help make calls and help with tasks that would be better left to someone else so that you can use your time more wisely. Start small. Start somewhere. The amount of leverage and time that you get will be immense.
4) Pace Yourself With Realistic Goals
Many times when new agents come into the market, they try too hard. That's not necessarily a bad thing, afterall new agents are going to be eager and ready to prove themselves. The problem is that some agents try to take on more than they can chew. This is going to lead to frustration and ultimately burnout, which means that new agents quit real estate more frequently than the seasoned pros. When you set out your goals for this year, make sure they're realistic. Don't put yourself in a position where you have lofty expectations that you know will not be met consistently throughout the year.
Keeping your goals realistic will help build more momentum for yourself so you stay motivated longer through 2022.
5), Get Plenty of Sleep and Exercise
Sleep and exercise are crucial things many agents can neglect when just starting in real estate. They often think, “I don't have time for that” or “I have too much to do” but what they don't realize is that if they're not taking care of their body and mind, they won't have energy and focus to do their work correctly.
Go to the gym. Read a book in bed instead of staring at your screen. Have a bedtime. These little tweaks can make all the difference. Make sure you're getting at least seven to eight hours of sleep every night and try to get in 30 minutes of exercise three to four times a week.
These are five massively important tips that new agents should remember when starting off in real estate so that they can avoid burnout. We guarantee you that sticking to these and making them a consistent part of your day will ensure that you can take on all the challenges of the real estate market.