What Are You Doing To Meet Your Goals?

Buying & Selling Real Estate
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What Are You Doing To Meet Your Goals?

David Monroe
Real Estate Consultant · Mobile, AL · Member since 2015 · 78 posts · 96 votes

What are you doing to help with productivity, time management, and/or achieving your goals?

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Jordan MoorheadBusiness Member
Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
7y

@David Monroe living cheap, reading books, attending meetups, avoiding distractions and spending the majority of my time working so I don’t waste money

[email protected]512-888-9122
The Moorhead Team5140 Reviews
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  • David Monroe
    OP
    Real Estate Consultant · Mobile, AL · Member since 2015 · 78 posts · 96 votes
    7y

    I break everything down into 90 day chunks. I use a quarterly planner that always starts with the annual goals, even if we're in the 3rd quarter, setting quarterly goals, reviewing and setting weekly goals and then daily action steps.

    4Reply
  • Steve DellaPelle
    Rental Property Investor · Salem, NH · Member since 2016 · 460 posts · 276 votes
    7y

    Hi @David Monroe! One of my goals this year is to systemize my property management side business.

    This means I am taking time to create systems and develop procedures to make my life easier and to better my tenants experience.

    Every Monday (my day off) I sit down for a few hours and either brainstorm ideas, create new SOPs, or take action as needed.

    One example of this is creating a rent collection process where tenants can now leave their rent in my "rent drop box" which I will pick up every month instead of me chasing down each tenant individually.

    I look forward to seeing where I'm at by the end of 2019!

    4Reply
  • David Monroe
    OP
    Real Estate Consultant · Mobile, AL · Member since 2015 · 78 posts · 96 votes
    7y

    @Steve DellaPelle Do you set weekly goals to help you achieve those tasks on Monday?

    0Reply
  • Steve DellaPelle
    Rental Property Investor · Salem, NH · Member since 2016 · 460 posts · 276 votes
    7y

    @David Monroe Unfortunately I am not...I think that is my next step...organize my time better so I am not working frantically trying to figure out what to do but instead set time to work on specific things.

    0Reply
  • James Ma
    Burnaby, BC · Member since 2017 · 283 posts · 268 votes
    7y

    @Steve DellaPelle why not just go digital to collect rent? It's 2019 and most etransfers are free with any big bank. If you're on a bigger scale, why not use a third party rent collection app where tenants can easily send you the money

    1Reply
  • Steve DellaPelle
    Rental Property Investor · Salem, NH · Member since 2016 · 460 posts · 276 votes
    7y

    @James Ma Half of my tenants don't even have a checking account lol...in the future I'd like to make the switch to digital but I don't think it would be wise to enforce it when I can foresee the issues they would have (also not tech savvy) 

    1Reply
  • David Monroe
    OP
    Real Estate Consultant · Mobile, AL · Member since 2015 · 78 posts · 96 votes
    7y

    @Steve DellaPelle I would highly recommend setting annual goals first, if you haven't done so already. Your goals should follow a SMARTER framework, Specific, Measurable, Actionable, Risky, Timely, Exciting, and Relevant.

    After you set 6 to 10 annual goals you should set 4-6 first quarterly goals with action steps for achievement.

    On Friday at the end of the day, Sunday, or early Monday morning, you should set 3-4 weekly goals.

    Each work day create up to 3 major action steps to get you closer to achieving your weekly goals, and focus your day on the action steps. In the sales world one of those action steps would be prospecting for new business.

    At the end of the week, rinse and repeat. The only change would be to review and reflect on your week before setting next weeks goals.

    For you, those action steps can be completing sections of the processes you're creating for your management company.

    4Reply
  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    7y

    @David Monroe living cheap, reading books, attending meetups, avoiding distractions and spending the majority of my time working so I don’t waste money

    [email protected]512-888-9122
    The Moorhead Team5140 Reviews
    WebsiteView Page
    5Reply
  • David Monroe
    OP
    Real Estate Consultant · Mobile, AL · Member since 2015 · 78 posts · 96 votes
    7y

    @Jordan Moorhead Are you at least scheduling your days, doing the above would be better, so you can ensure you're meeting your goals. As a Real Estate agent have to assume you have set goals, at the very minimum, an income goal?

    0Reply
  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    7y

    @David Monroe yes I set goals and schedule everything down to the minute. I schedule even minute tasks

    [email protected]512-888-9122
    The Moorhead Team5140 Reviews
    WebsiteView Page
    0Reply
  • David Monroe
    OP
    Real Estate Consultant · Mobile, AL · Member since 2015 · 78 posts · 96 votes
    7y

    Awesome, you may be going a little overboard with scheduling minute tasks but if it works, who am I to argue.

    Are you using a not-to-do-list?

    0Reply
  • Lorraine K Davis
    Member since 2018 · 3 posts · 0 votes
    7y
    @David Monroe, I like your advice and especially your suggestion to have 4-6 annual goals. But please explain, what is a "not-to-do" list? Its sounds self explanatory but I've never heard of it.
    0Reply
  • Mark Fries
    Contractor · Jacksonville, FL · Member since 2017 · 1k+ posts · 2k+ votes
    7y
    @David Monroe My goal is to spend less time on biggerpockets reading these posts and more time finding deals.
    3Reply
  • Account Closed
    Rental Property Investor · Upland, CA · Member since 2018 · 42 posts · 9 votes
    7y

    @David Monroe my 2019 goal is to complete my bachelors degree program. I’ve decided to take 3 classes for two of the remaining semesters I have to be on track. So I guess preplanning has been effective in making progress toward my goal.

    0Reply
  • David Monroe
    OP
    Real Estate Consultant · Mobile, AL · Member since 2015 · 78 posts · 96 votes
    7y

    @Lorraine K Davis A Not-to-do-list is all the mundane tasks that you should not be doing. These are the items you can get rid of, delegate, or hire a VA to to do.

    By writing all the not-to-do-tasks down and keeping them next to your Daily Big 3, the 3 most important action steps you need to to do for the day, you will have a reminder to stay away from the things that won't move you forward or make you any money.

    PM me if want a free copy of the list I use.

    1Reply
  • David Monroe
    OP
    Real Estate Consultant · Mobile, AL · Member since 2015 · 78 posts · 96 votes
    7y

    @Mark Fries Then why are you responding this post... lol.

    0Reply
  • David Monroe
    OP
    Real Estate Consultant · Mobile, AL · Member since 2015 · 78 posts · 96 votes
    7y

    @Account Closed Have you taken the time to create quarterly goals for the this first quarter and weekly goals to help you achieve them? I'm sure you have more on your plate then just going to school for 3 classes a semester.

    0Reply
  • Steven Bond
    Developer · Provo, UT · Member since 2015 · 141 posts · 89 votes
    7y

    @David Monroe I’m trying to bring value to the people I respect most in the business by giving platforms for new opportunities to network, bringing capital and deal flow together and seeing others improve. This will be a “take a breath” on heavy acquisition year for me, but I’m looking to help others reach their goals. Not as a paid consultant, but because it’s so much of a rush to watch the light bulbs turn on!

    0Reply
  • David Monroe
    OP
    Real Estate Consultant · Mobile, AL · Member since 2015 · 78 posts · 96 votes
    7y

    @Steven Bond That's very refreshing to hear Steven. Congratulations on your commitment to give back.

    0Reply
  • Ayne C.Pro Member
    Rental Property Investor · Tampa, FL · Member since 2018 · 251 posts · 124 votes
    7y
    @David Monroe I'm currently awful at breaking my goals into daily action. I'm super overwhelmed with homeschooling the 2 boys plus the baby. I guess I need to time block better and use Netflix strategically during baby nap so I can get activities done (develop bank pipeline, deal pipeline, plus manage my team)
    0Reply
  • Account Closed
    Rental Property Investor · Upland, CA · Member since 2018 · 42 posts · 9 votes
    7y

    @David Monroe I have not made quarterly goals. I have a monthly/weekly planner where I put the due dates of each assignment for the semester.

    0Reply
  • David Monroe
    OP
    Real Estate Consultant · Mobile, AL · Member since 2015 · 78 posts · 96 votes
    7y

    @Ayne C. The simplest way to break you goals into daily actions is have 3 to 4 weekly goals and then set no more than 3 must do action items each day to meet your weekly goals.

    In order to set weekly goals you should have 4 to 6 quarterly goals that have actions steps to accomplish them. These action steps can be tied to weekly goals.

    To help setting your quarterly goals, you should really be setting 7 to 10 annual goals.

    If you do this and follow them daily, you can get where you want to be in life much faster.

    0Reply
  • David Monroe
    OP
    Real Estate Consultant · Mobile, AL · Member since 2015 · 78 posts · 96 votes
    7y

    @Account Closed A monthly/weekly planner is nothing more than a to-do-list. Without setting your goals properly you don't have a direction to go and you can end up wondering through the year aimlessly.

    0Reply
  • Dante Pirouz
    Investor · Almont, MI · Member since 2015 · 361 posts · 302 votes
    7y

    @David Monroe you should write a BP blog post on this laying out your tips! I would love to get this as a checklist so I can start implementing!

    0Reply
  • David Monroe
    OP
    Real Estate Consultant · Mobile, AL · Member since 2015 · 78 posts · 96 votes
    7y

    @Dante Pirouz PM me and I will send you the planner I created.

    0Reply
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