Business Management

9 Ways to Maximize Your Investing Efforts While Working a Full-Time Job

Expertise: Personal Development, Real Estate Investing Basics, Business Management, Mobile Homes, Real Estate News & Commentary, Landlording & Rental Properties, Mortgages & Creative Financing, Real Estate Marketing
223 Articles Written
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Effort and knowledge is required to properly and safely invest in real estate in your local markets. However, this effort, time, and knowledge does not all have to be yours alone. Most investors have traditional jobs, family life, and/or an education to pursue. However, even with all these other commitments, many motivated investors wish to pile more responsibility and work onto their proverbial plates. If I am describing you, keep up the great daily hustle and effort.

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The bullets below are items to consider when investing in real estate with a full-time job (or multiple time-sucking) obligations weekly.

9 Ways to Maximize Your Investing Efforts While Working Full-Time

1. Technology

Google Voice, call forwarding, electronic signatures, mass texting, real estate analyzing phone applications, personal branding websites, and multi-layer phone message systems are only some of the ways technology is making our life easier and easier. Start being open to implementing new tools into your business. If it helps, then keep it; if it doesn’t help, then leave it.

2. Driving

If you work a traditional job, you typically have to travel some distance between home and work. If this is you, consider starting to listen to motivational real estate investing podcasts, sales training CDs, real estate training courses you may have already purchased, self-help books on tape, etc. Your commute to work is your time to educate and motivate yourself with positive words of encouragement. The world is a busy and negative place — do all you can to boost your self-esteem and business activity daily.

3. Virtual Assistants

A virtual assistant may help organize your calls, make calls for you, oversee projects, screen sellers/buyers, and much more. When a virtual assistant is properly trained, there are many duties you will realize do not need to be performed personally by you.

Pro Tip: Aim to train your virtual assistants via recorded videos you create and share with your virtual assistants.

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4. Property Management

Never worry about meeting with or speaking to a tenant, resident, renter, or tenant-buyer again. If your schedule is packed, then hiring a dedicated property manager may be very valuable for your cashflow business. Figure this cost into your expenses while crafting your original purchase offers when buying.

5. Advertising

Almost every investor needs to market and advertise their business. Some of these methods are traditional, such as newspaper, postcards, direct mail, etc. However, some advertising requires door-hangers to be placed, bandit signs to be hung, doors to be knocked on, envelopes to be mailed, etc. This marketing takes time and effort to create and distribute.

Related: 4 Side Income Streams to Sustain You as You Pursue Real Estate Full-Time

Pro Tip: By working with online postcard and direct mail marketing companies, you can easily pay to outsource your direct mail needs. Additionally, hiring local college students to hang your physical marketing material is a quick way to pay others to perform your very important busy-work.

6. Book keepers

If you love keeping track of your income and expenses, then skip this bullet point. A book keeper may help keep track of your business, income, expenses, taxes due, etc. Consider hiring a book keeper when keeping track of income and expenses becomes too much effort per month.

7. Extra Time

Extra time includes lunch breaks, drives to work and play, and any other time you are routinely free throughout the day. Use these times for business. Make focused calls daily, go to appointments, or close with buyers/sellers when possible.

8. Partners

Outsourcing to partners is a means of shifting much of the work and responsibility off of you directly. Work with partners with opposite skills and abilities as you. While working with partners, aim to monitor the health and productivity of the partnership arrangement regularly.

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Related: The Surprisingly Simple “Secret” to Financial Freedom Most 9 to 5-ers Overlook

9. Repairs

Start working with contractors and handymen/women to make needed repairs to your investment homes. If you do not have the time to make repairs quickly, then outsource the work to a qualified professional. Your effort should be spent advertising and making deals, not necessarily swinging a hammer.

In conclusion, it is very important while real estate investing to note that this business requires time, energy, and/or money to compete. If you do not have the time to commit to seeing the deal all the way through from start to finish, then you must outsource the effort and basic tasks to others you trust. This will cost you money, but save you time. However, if you are low on cash, then consider spending time doing most action items yourself and saving money.

Investors: Any other tips you’d add to this list?

Be sure to leave a comment below!

Investing since 2002, John started in real estate accidentally with a 4-bedroom mobile home inside of a pre-existing mobile home park. Over the next 11 months, John added 10 more mobile homes to his cash-flowing portfolio. Since these early years, John has gone on to help 150+ sellers and buyers sell their unwanted mobile homes and obtain a safe and affordable manufactured home of their own. Years later, John keeps to what has been successful—buying, fixing, renting, and reselling affordable housing known as mobile homes. John shares his stories, experiences, lessons, and some of the stories of other successful mobile home investors he helps on his blog and YouTube channeland has written over 300 articles concerning mobile homes and mobile home investing for the BiggerPockets Blog. He has also been a featured podcast guest here and on other prominent real estate podcasts, authored a highly-rated book aimed at increasing the happiness/satisfaction of average real estate investors, and spoken to national and international audiences concerning the opportunities and practicality of successfully investing in mobile homes.

    Darryl Scipio from East Orange, New Jersey
    Replied over 2 years ago
    Great article. As someone doing this with a full time job, this article is super helpful.
    Aaron Smith Attorney from Venetia, PA
    Replied over 2 years ago
    Very nice article, I would be interested to see an expanded discussion on virtual assistants and how they can be integrated into different investor systems. I have not previously utilized them.
    Kevin McLaughlin from Houston, Texas
    Replied over 2 years ago
    Aaron – I agree. I’m just getting started, but using a VA sounds like a great option.