Published on November 3, 2021 by: Adrian
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ArticlesNews
These days if you search “how to boost productivity for my business,” you’ll get a wide variety of answers that may or may not actually be helpful. But in the world of commercial real estate, the answer is quite simple. At the root of it, all you really need are good processes set in place. This is something you can set up yourself based on what works for you, but that can take a lot of trial and error, time, and other resources away from your business. Instead, why not invest in a system that’s built for you, so you can stay on track with the important stuff that helps you grow. So how exactly can you boost productivity in your commercial real estate business? Let’s take a look at these five easy steps.
How often have you felt like the day just got away from you, and half of the tasks you wanted to do are still sitting on your “to-do” list at the end of the day? It happens to everyone, but that doesn’t mean it has to keep happening to you. First, it’s important to figure out a time management method that works for you. It doesn’t matter which one, as long as you pick one and stick with it–daily.
At the start of each day, take an inventory of what you’d like to get done, what meetings you have, and an approximate of how much buffer time you need to take stock of for things like traveling to meeting locations, your lunch, and any other small activities that could be eating into your time. Of course, it’s important to take these breaks to be mentally well throughout the day, but it’s helpful to know when and how long you’ll be spending on each one at the start of your day.
A dashboard is ideal for most because it will help visualize your portfolio, team activity, and key metrics in a simplified view. The RealDash platform utilizes a dashboard like this to easily view pain points in your day that might be lacking in productivity. You also have the option to use RealDash on the road to view and track all your properties and contacts through our mobile app. Just because you’re out of the office doesn’t mean you can’t have access to the tools you need.
It works for a reason. Networking is essential to being productive even when you’re on the go. Don’t let potential business opportunities slip through your fingers because you’re busy! If you meet someone, follow up quickly and easily by using a CRM management tool. All it takes is a simple addition to your contacts, and a software like RealDash has your back by providing an intelligent approach to managing contacts and automated machine learning as interactions occur. Work can get busy, so make sure you set yourself up for success by streamlining all future networking relationships to make sure they start off on the right foot.
If you take the right steps to market your business well, your materials should do all the heavy lifting for you. Not sure if you’re marketing your properties in the best way? We’ve got you covered with the perfect commercial real estate marketing formula.
Marketing your business goes beyond the website, and any other digital or print pieces you might have in your back pocket, it’s also about connecting with targeted buyers, tenants, lenders and owners with those materials. If you’re not targeting the right people, all the work you put into your great marketing materials will essentially be for nothing. Utilizing a tool like RealDash can also give you more opportunities to showcase your properties to new contacts by creating automated marketing materials including your website, brochures, and email campaigns. This gives you the ability to target specific people you want to do business with.
Yes, we know, this is probably in every article you read about increasing productivity for your commercial real estate business, and that is for good reason. However, we’re not just talking about organizing your files and keeping track of your emails. We mean true asset management. This looks like power leasing and owner decisions with rent roll management, lease abstracts, and site plan management. That sounds like a lot of leg work on your end, but not when you have an automated platform doing it all for you. Sounds too good to be true? Well, it gets even better because with RealDash you can also manage your capital stack with investor management, loan abstracts, and in-depth reporting. It’s the easiest way for the unorganized commercial real estate owner to get organized and fully understand the state of their CRE business.
Just because your business is going well doesn’t mean that it can’t be improved. Set aside a few hours a week to analyze the data you collect through reporting, call tracking, and audit logs. What went well? What didn’t? Where can you and the team find new opportunities?
If you’re not utilizing these tactics in your business, we recommend you start right away. Reporting allows you to customize and integrate analytics into reporting for full transparency to your clients, partners, and investors. While call tracking features enable you to log any call made from your computer or mobile app. Last but not least, audit logs are essential for tracking key changes and activity in your business by date, time, and action, and all right from your RealDash dashboard! So stop wasting time by doing the backend work of your business yourself and schedule a demo with RealDash today!
