The Fundamentals of Time Management for a REALTOR®
Louisiana REALTORS® • January 20, 2020
Time is money. This is a common saying, but time can actually be more valuable than money, and there are good and bad ways to spend and save both. The way you organize your schedule and manage each day plays a vital role in your success. This is especially true for REALTORS®. Because of the relationship between time, money, and success are so interconnected, it’s important to understand the fundamentals of time management.
The Eisenhower Matrix
Each day there are tasks that need to be done. There are also tasks that can get done but aren’t necessarily necessary. Prioritizing your day is a great way to work smarter, not harder. The Eisenhower Matrix helps you to make decisions about certain tasks so you can work as efficiently as possible. This matrix features four categories: do first, schedule, delegate, and don’t do. The top of the matrix has two characteristics: urgent, and less urgent. The left side of the matrix also has two characteristics: important, less important. Tasks that are important and urgent should be done first. Tasks that are important and less urgent can be scheduled for another time. Tasks that are less important, but still urgent can be delegated. Simply don’t do the tasks that day that are less important and less urgent.
Maintain a Schedule with Flexibility
Booking every minute of every day is a recipe for disaster especially when dealing with a variety of clients. Not only will it wear you down quickly, it doesn’t allow for any change in plans or unforeseen events. Again, prioritizing is very beneficial, but allow your schedule to be flexible. This makes it easier to account for a change of plans and new opportunities. It is important to be sure to determine what activities are income-producing and which activities could be busywork.
Time Blocking
Time blocking has proven to be an effective time management strategy. It’s as simple as it sounds. Instead of trying to accomplish a variety of things in a random, disorganized way, set a block of time and focus on one task, and complete it. This added level of focus can be centered on your most important tasks, making you more thorough and at the end of the day, more productive. A good example of this is setting aside a concentrated block of time for prospecting and follow-ups. Having a time block helps with focusing those efforts and producing-better outcomes.
Take Quick, Regular Breaks to Maintain Productivity
By nature, your brain can only focus on one activity for an hour or so. Once you reach this point in time, your actual productivity drops tremendously. In order to counteract this effect, set an alarm to remind you to stand up and take a break for a few minutes. Instead of trying to trudge through and finish a task, these quick, regular breaks can end up saving you time and make you more effective.
These are only a few fundamentals of time management. Implementing them can allow you to get more done in less time. As a knowledgeable, professional REALTOR® you can provide the highest level of service to your clients when your schedule is organized and efficient.
From the Louisiana Department of Insurance: Insurance Commissioner Tim Temple joined Governor Jeff Landry and Senate Insurance Committee Chairman Kirk Talbot today to announce that Louisiana is investing an additional $20 million in Fortified homes, bringing the total amount invested in state Fortified projects this year to $100 million. Governor Landry announced that $20 million from the U.S. Department of Housing and Urban Development will be transferred to the Louisiana Office of Community Development Restore Resilient Opportunities for Overhead Fortification (Restore ROOF) program to strengthen residential structures and reduce long-term disaster risk. Earlier this year, the Legislature passed a bill that allows $50 million in additional Katrina and Rita bond money from Louisiana Citizens Property Insurance Corporation to be added to the Department of Insurance’s Louisiana Fortify Homes Program (LFHP). Also beginning this year, LFHP is projected to receive approximately $30 million annually from taxes and fees the Louisiana Department of Insurance collects from the insurance industry. “Building stronger homes is a vital part of making homeowners insurance affordable in Louisiana,” said Commissioner Temple. “I appreciate Governor Landry’s leadership and support as we work with legislators like Chairman Talbot to make Louisiana a national leader in the adoption of Fortified roofs.” The Louisiana Department of Insurance (LDI) has finalized its promulgation of Regulation 136—Fortify Homes Premium Discounts. The purpose of Regulation 136 is to implement the statutory provisions set forth in La. R.S. 22:1483, et seq. , which require that all Louisiana property and casualty insurers provide premium discounts or insurance rate reductions for homes constructed or upgraded in accordance with the fortified standards created by the Insurance Institute for Business and Home Safety. View Regulation 136 here .
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