EVERY BIT OF PROGRESS COUNTS
Wouldn’t we all LOVE to be able to see what’s around the next corner? Ah, but that’s not how this Game of Life works. We make our best choices, as the journey unfolds.
January 2020: make resolutions. February: break most resolutions. March: shelter in place to keep our families safe. April: fully recognize we need to adapt. May: conversion to online shopping, working, schooling, etc…. June: restrictions are lifting, now what?
The time for hiding, isolating and quarantine is passing. We are entering a time of ongoing Safe Practices while seeking new opportunities. The trick is what will that mean for each of us?
As Real Estate Investors, we have been inundated with information, ideas and advice over the past few months. Honestly, government policies seem to change faster than the government and institutions can even put them into practice. Even the best experts in Canada are being fully transparent: we cannot predict what the rest of 2020 will look like: financially or medically.
Rather than continue to absorb the steady flow of ideas, STOP long enough to take necessary actions. What is the next ONE thing you need to do to move your real estate investing business forward (reference to the book, The One Thing, by Gary Keller and Jay Papasan). Every little step forward will start to generate momentum towards your financial future. Here’s a variety of ideas, for a variety of real estate investors.
- Fill vacancies! Summer is traditionally a time when a lot of people move for a lot of reasons. This is a great time to market and fill those units.
- Fix, repair and renovate your property if the cashflow and reserve fund will support it. Fresh reno’s always attract better clients.
- If you are recently unemployed, start your job search or new career or new business plan today. Yes, it sucks. And Yes, it’s hard. If you can’t go back, it is now time to find a way forward. Brainstorm all the possibilities, then start narrowing down your best options.
- If you truly can’t move forward in your career/business path, could you use some summer time to invest in your personal development?
- Clean up your finances, OR, if you think they’re perfect, ask a mortgage broker what you might need to do to get ready for your next property.
- Maybe you’ve worked really hard all through COVID. Maybe it is simply time for a vacation. Have you noticed how many local choices you have without all the international tourists? Take the time you need to relax, refresh and re-energize.
The current challenge for so many is making the choices about their next actions, and then overcoming the inertia. That “body at rest” certainly does prefer to “stay at rest” watching the latest Netflix! However, that won’t help you prepare for the next property or opportunity that arises. Every bit of progress counts—no matter how small the baby-steps might be this summer.
We hope everyone is continuing to be safe, to be real, and to remain hopeful that forward momentum is slowly building again.
