T.E.A.M. – Teamwork Makes the Dream Work as Real Estate Investor

They say if you want to go far, you’ve got to go together. For real estate investors and business owners that not only means having a team, but ensuring everyone is on the same page, and moving in the same direction. How do you accomplish that? Unless your real estate team is united it could be absolute chaos.

The Same Page

A method you can use to attempt to get everyone on the same page use a document that brings together your real estate teams goals, mission, key values, and pillars for success moving forward. Don’t just create it and leave it in your file cabinet to collect dust and be forgotten. It should be highly visible, accessible, and reviewed by everyone on the team. It’s what they should wake up to and clock out to.

Lead By Example

It really doesn’t matter what you say to your team members. They are going to learn and emulate the behaviors that you display as the leader of your real estate investment company. Their work ethic is a reflection of your daily actions. Want them to work hard, get up early, be great at customer service, and keep on improving – do that yourself and your company will improve and grow. Want them to slack off, take off extra days each week because you’ve got a hangover, burn company resources, talk bad about customers, and take shortcuts – display that behavior you want your team to exhibit on a daily basis.

Create a Culture of Positivity

Your place of business should always be full of positivity. This goes well beyond you as a real estate investor and team leader. You can only be around but so much. That’s even less in today’s remote virtual workspace era. Creating a culture of positivity and abundance means the team will continue to be elevated and work in the right direction even when you are not around. There are two parts to this; hiring well, and accountability.

Don’t skimp on hiring, you just can’t afford that. Recruit a good team of winners with great attitudes. This is different from individual rock stars that can close deals but rot the team from the inside out. And it’s different from an excited and optimistic team that really doesn’t have what it takes to win. Get the right players and they’ll build each other up.

Everyone should have accountability partners, including you as the leader. This doesn’t have to be the insanely brutal type of pessimistic team criticism we’ve heard about. But iron sharpens iron. Everyone should have someone to report to, and that proactively spurs them along in a constructive way. This should include your acquisition managers, sales teams, real estate agents, contractors as well as having your own consultants, real estate investing coaches and mentors.

Building Unity

You should hold annual meetings, retreats, volunteer as a team, schedule breaks to prevent burnout, and engage the team in activities that keep them pumped up. Don’t make this a drain on their time, finances, and productivity. But do recognize the value of building and maintaining a strong unit.

I”ll See you at the closing table,

Marcel Umphery the “R.E.I. Successmaker”