There are few shortcuts in life.
There are even fewer when it comes to succeeding in life, in business and in your landlord business.
You can however increase your chances of succeeding by feeding off your previous successes.
So what does that mean you might be asking?
For that I need to refer to an old question from back in my sales days. That question was, “When is the best time to sell something?” And the answer is, right after you’ve just sold something else!
The rationale behind it is you’re on the top of your game, you’ve just completed a sale, you’re feeling good, your confidence is high and all the factors that contribute to even more success are all lined up.
And This Works With Landlording How?
In a similar vein, if you’ve just put a new tenant in your vacant property or maybe you’ve just completed buying a stellar rental property you need to feed off that high, or maybe you’ve just completed your taxes on your properties, you need to reinforce that positive moment.
This could involve a celebratory dinner for filling the vacancy, maybe it’s an opportunity to tackle another issue, like a renovation project or lease negotiations with another tenant while you’re still in that “winning” mode.
The important part is not to just sit back.
We often forget these little successes that mount up to create our overall success.
If you relish your wins, continuously remind yourself you’re moving forward and make the effort to reinforce your successes, you’ll create a pattern that you’ll want to continue to repeat!