Business Management

The Holiday Debate: How Much Time Should Investors Take Off This Season?

Expertise: Commercial Real Estate, Personal Finance, Real Estate Marketing, Business Management, Landlording & Rental Properties, Real Estate Investing Basics, Personal Development, Real Estate News & Commentary, Mortgages & Creative Financing
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time-off-holidays

One of the biggest dilemmas real estate investors face this season is how much time to take off. Should you be upping your game and work through the holidays to take advantage of all the great opportunities? Or are the benefits of taking time off just too important to ignore?

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We are fresh off of Halloween and Thanksgiving. Now Christmas and the New Year is looming fast. So how much time will you be taking off?

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The Benefits of Taking a Time Out

Despite having great freedom to set their own schedules, many real estate professionals and investors fail to take advantage of it. There are definitely benefits of taking some down time.

For some, there is a real need just to rest, relax, and physically and mentally recharge. For others, there is an urgent need to take a few days or even a week out to really revisit plans and strategy. If you have friends and family, they need attention and quality time too. Those relationships need nurturing. The bottom line is that life just isn’t as fun as it could be if you don’t make time for fun and relaxation.

Related: How to Make Extra Cash for the Holidays by Renting Out Your House

Many individuals will find great returns on taking holiday days and weekends off. You might even taking a week or two out. Still, there are many who certainly don’t want to lose out on deals or become anxious seeing their voicemails and email inboxes piling up.

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The Advantages of Going All-In

In my opinion, this is the best time to go all in. This is especially true for those who still haven’t achieved the goals they set out to accomplish for the year. If you’re still growing your wealth, income, or business, this is the time to go hard. You can take it easy later. You need to grab the opportunities that are on the table now and run with them. If you are just starting a business, this is a no-brainer. You can’t afford to slack off. There is always someone else out there looking to put you out of business or to beat you to the opportunities.

This is especially true during this annual holiday season. This is when most corporations and others start to slow down. During the summer, they are on fire. They are spending millions on branding and advertising, working overtime. During this season, they are slacking. The best time to push through all the noise is during this season. Key people are on vacation, nothing happens fast, and there is far less competition.

Related: 5 Ways the Holiday Season Reminds Me to Be a Better Entrepreneur

That means you can get noticed and generate more leads for less money. You can make offers on houses with a better chance of getting a better deal. You can get more visibility for properties you are leasing or selling, and you can stand out as being a hyper-responsive pro.

While others say you should slow down to take a break, I believe that’s average thinking. If you want extraordinary results, you have to think differently.

Investors: What does YOUR holiday schedule look like?

Let me know your thoughts with a comment!

Sterling is an multifamily investor specializing in value-add apartments in Indianapolis and other Midwestern markets. With just under a decade of experience in the real estate industry, Sterling w...
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    Christopher Smith Investor from brentwood, california
    Replied almost 4 years ago
    Just sent an email to my two prop mgr agents to let me know if an extraordinary deals pop up during the Holiday season. Don’t think it’s very likely I will be hearing too much, but as markets get pricier and pricier every opportunity to snag a below market deal needs to be explored.
    Sterling White Rental Property Investor from Indianapolis, IN
    Replied almost 4 years ago
    There is still a chance, Christopher. What are other ways you plan to find deals besides referrals from your property managers?
    Andrew Syrios Residential Real Estate Investor from Kansas City, MO
    Replied almost 4 years ago
    It should be noted that the real estate industry basically shuts down between December 24th and January 1st, so you might as well take a break. No one can go all in all the time. Taking breaks and vacations, in the end, is good for your long term goals.
    Sterling White Rental Property Investor from Indianapolis, IN
    Replied almost 4 years ago
    I completely agree with your viewpoint. Do you believe it is more beneficial for someone to work on themselves during those industry shut down times rather than completely checking out?
    Susan Maneck Investor from Jackson, Mississippi
    Replied almost 4 years ago
    Couldn’t agree with you more. Best deal I ever got was a property I found during the Christmas break. I got two houses for 32K! Back house needed a lot of work, front house was in pretty decent shape. Right now they yield me $1500 a month in rent.
    Sterling White Rental Property Investor from Indianapolis, IN
    Replied almost 4 years ago
    Awesome! How did you go about finding those deals, Susan? I would love to hear more details.
    Tyler Parish Investor from Newcastle, Ontario
    Replied almost 4 years ago
    I have found my best deals late December. I think most people are taking time off and you can swoop in and get a great deal at this time of year. Especially when people are spending money on Xmas gifts they don’t typically think of dropping thousands on a house. I purchased a great deal Dec 21 last year, 250K, closed it Feb, fixed it up in spare time three weekends and rented in March for $1400. I bought it for 70% of it’s renovated value. Some of the best deals come up Nov, Dec, Jan here in Canada anyways.