…with good systems its very possible
When Emily (daughter and business partner) and I started, the thought never entered our heads, and we assumed we would be doing what everyone else seemed to be doing – and that is endless viewings and all the endless associated paperwork.
But after twelve months we realised that showing rooms and dealing with all the small day to day stuff, was gobbling up too much of our time and not allowing us to grow the business at the speed we wanted. So we set a goal to fix that and it took another six months before the new systems kicked in and we began freeing up our time.
So did it work? Very much so! We recently did our third annual tour of the properties with our acquisitions manager Will and our new property manager Katie in attendance. When I say annual tour, this means that I now visit the properties only once every twelve months. Everything was looking good (we have great systems in place) and we only made a few notes of items that needed attention.
So it is very possible, but you need a plan and need to set yourself a goal and a firm deadline if you are to ever completely leverage yourself out of the day to day running of your business. This will allow you much more free time to spend on what it is you REALLY want to do with your ONE time on the planet.
What is it that you REALLY enjoy doing??
For me it meant that I can spend a lot more time doing what I really like and that is building the MLCS community and running the events, plus more travelling/exploring. For Emily, well she is into several non-property activities and is also busy ripping her house apart and re-building it.
It’s also given us a lot more ‘thinking time’ for future plans, to decide where we are going with our Rent 2 Rents, how we can improve the training events and where we want to be in five and ten years time.
Fun as it may be for a year or three, none of us got into this business to be showing rooms to tenants for the next twenty years …. so start leveraging more and set yourself a goal to visit the properties once or twice a year. We were resistant at first but now we wouldn’t have it any other way 🙂