Staying motivated is fundamental to success in real estate investing in Oakland. However, making yourself motivated is not often that easy or worry-free. Life’s numerous dilemmas and challenges often impede important investing tasks and can make us lose the energy and determination that property investing requires.
In spite of what inspirational speakers and authors would have you think and believe, there is no instant or magic fix to a lack of motivation. Sustaining motivation is a habit that can be learned, one that improves with practice similar to how the physical body responds to exercise. Contained in the myriad advice on this topic, there are five key ways that property investors like you can take advantage of to find and sustain the motivation you need to succeed.
1. Visualize Your Goals
Setting goals is the greatest secret to most entrepreneurial success. Though being open and able to visualize your goals just as though you had already achieved them is, indeed, a much more powerful exercise. Same as how athletes visualize their performance before they ever take the field, if you can clearly see and know your goals in your head, you will be more focused to stay on track to reach them.
2. Set Intermediary Objectives
Goals come in several sizes. The biggest goals can seem overwhelming and make us lose focus when it requires a great deal of time to fulfill them. One pro tip is to break large goals down into smaller intermediary objectives that you can achieve more quickly, and after reward yourself when you do accomplish it. Often called “chunking,” this tactic is used by life coaches and motivational gurus to bring about a form of achievement and reward cycle that will really help to inspire you.
3. Strategize with Flexibility
It is exceptional but rare that we achieve our goals exactly according to plan. Things change continuously, which might put our carefully-thought-out investing strategy at risk. Any moment life throws roadblocks at you, the most necessary component is to remain flexible. When your original plan falls through, adjust and adapt. Feel at ease to work with the guidance of others to find creative solutions.
4. Plan to Fail
You are going to get tired, lose interest, and want to quit. It happens to everyone. Nevertheless any given time you undergo this situation, you can settle it easily if you’ve worked out beforehand how to contend with times when you just don’t feel motivated. You can compile numerous inspirational examples of extreme endurance to support and help you see things in perspective. Or give yourself a period of time to rest and recharge. In all you do, however, just don’t give up!
5. Find Your Reasons
Why are you a property investor? If you can’t respond to that question explicitly and with passion, plan to schedule a brief time to get to know what your reasons are. Real estate investing is a marathon, not a sprint, and accordingly, it’s good to cultivate a long-term view to help sustain motivation. With well-founded and strongly-articulated reasons, you can take advantage of them to induce yourself to remember the “why” in such a way as to push yourself toward your goals.
Really the most vital aspect to be aware of in terms of motivation is that it is a very personal thing. Consequently, it is critical to realize what sustains and keeps you moving toward your goals. One thing that each investor can do is to delegate many time-consuming tasks, like property management, to qualified experts. At Real Property Management Masters, we help and assist property investors to care for and protect their rental homes in Oakland, freeing you to pursue your larger investing goals. Contact us or call us at 510-398-8704 to grasp and learn more.
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