Yesterday, I rolled into the local CrossFit gym about 12:13 p.m. — for the 12:00 p.m. class. I was late, but anxious like an addict needing a hit, ready to get my workout in. I am, after all, one of those CrossFit junkies. I need my workout.
I had just left one of our projects that is underway, behind but getting back on track. A $25-30k rehab on a story and a half house that will have new interior and exterior paint, updated bathrooms, brand new hardwood floors, updated kitchen, new appliances — and because of whoever decided to winterize the house (poorly), all new water lines since the entire line must have frozen and has now failed.
Awesome. (Not.) 🙂
So, between my main contractor on that job, one of his subs, and now my master plumber — and a couple weeks of working, adjusting, patching and finally solving the problem with eventually running all completely new water lines in the ENTIRE house — I was there at the house longer than I wanted to be. But that didn’t keep me from getting out of there and driving directly to the gym. I quickly put on my gym closes, did the warm up of 40-50 pushups and kettle-bell swings, and then the 20 minutes of rowing and burpees. Ouch.
What’s the point?
We own our own business. We do what we want to, when we want to. (Usually.)
I left the gym, showered, grabbed some lunch and went to another property we were looking at making an offer on. I got a call from one of my wholesalers on a deal we were working on. He is someone I work with a lot, and I mentioned how I’d left the gym a few hours prior and was looking at another house.
Related: 9 Tips for Working More Productively in Real Estate While Holding Down a 9-5
Now, he is super successful, sells lots of properties, does lots of deals — and he says,
“I am jealous. I don’t have time to get to the gym.”
This is a guy selling piles of wholesale deals, a big time flipper who has a good sized rental portfolio. Isn’t the whole point of being your own boss doing what you want?
In this case, I just let him know I am almost always found at the gym over my lunch hour. I have to. I need it. I am a total mess if I don’t. Over the course of a week, doing deals, working, keeping up with my two young children, spending quality time with my wife, having multiple projects under renovation simultaneously, managing our rental business and our management company, and of course actually finding new business, I HAVE to take time to allow my brain to be off, and to keep my mind/body/soul in a reasonable balance.
Download Your FREE Tenant Screening Guide!
Hey there! Screening tenants can be a tricky business, and this critical step can be the difference between profits and disaster. To help you with your real estate investing journey, feel free to download BiggerPockets’ complimentary Tenant Screening Guide and get the information you need to find great tenants.
I spend a good amount of time thinking through how to do everything as optimally, as efficiently, and by using my time the best way possible. I wanted to hear what my mentor’s day was like.
We exchanged lots of small talk, going over how the families were and what was new on the horizon for both of us. I then asked him, out of curiosity, what does his typical day look like? He said he begins at 5:30 a.m. and gets together with some reading of a spiritual nature and then catches a little breakfast and coffee, watches a bit of news, and gets on with his day at the office by 7:30 or 8 a.m. He works leads and profit generating business through the morning, spending about 30% of his time on lead generation. Like me, he likes to go to the gym around lunch time and then off to more business, deals and appointments in the afternoon.
This really caught my attention. Not only is he a friend and mentor, he runs a LARGE real estate investing business that does really cool commercial deals, a huge construction company, and has a large number of employees. And he took an hour or two out of his (very scheduled and purposeful) day to meet with me. Not to mention, his day was set up pretty similar to how I want my own to go.
It doesn’t matter what the plan is, it matters that you HAVE a plan.
I left there fired up, thinking about where my time is spent. Finding deals, growing your potential buyers, or finding quality guys for construction or various trades: Whatever it is, there are many important things for us to do with our time.
I encourage you today to do something I am also doing, looking at, thinking about and honing.
Write out your perfect day. What does it look like?
Mine is something like this:
6:30 – 7:00 a.m.: Wake up/coffee
7:00 – 7:30 a.m.: Read/relax/listen to music/maybe a little yoga for flexibility and focus
8:00 a.m.: Spend time with my wife and kids for a few, breakfast
9:00 a.m.: Deals, following up with leads, generating business
10:30 – 11:30 a.m.: Follow up with emails/fires/phone calls
12:00 – 1:00 p.m.: Gym
1:00 – 1:30 p.m.: Lunch
2:00 – 4:30 p.m.: More deal generation/looking at deals/writing offers
4:30 – 5:30 p.m.: Any follow up calls/emails, etc.
6:00 p.m.: Family time, kids, BBQ, tasty beer, whatever
I am sure there are tweaks here and there, but something like that. And some days, it looks a lot like that. Some days are a giant mess. I might spend most of my day on the phone or messing with tenant issues or maintenance requests.
But I know in order to grow my business, I have to keep myself on a schedule and be willing to do what is necessary to produce the life/deals/goals that I have set out for myself. Think for a second about when your days go as planned — or at least in the flow as you expect them. And think of the days that don’t go as expected, the days where you feel that you haven’t gotten accomplished what you wanted to. It’s amazing to me how much better I feel at the end of the day when the things I had set out to accomplish, were. So, am I setting myself up for success with the number of items on my to do? And am I executing what I should be?
Make sure you are setting yourself up to accomplish exactly what your goals are. And that the time you are spending on whatever — the gym, deal generation, family time — is in line and leading to exactly what your goals actually are.
So, here’s to getting to the gym. And here’s to being as healthy, happy and successful as possible by laying out your day, creating the life you want, and getting it done.
Investors: What does YOUR ideal day look like? Any tips for sticking to how things SHOULD go?
Leave a comment below!