How do you stay motivated?

Question

Recently, my rentals have been kicking my butt. I am up to 11, the highest I've ever owned, and in parallel, my career has gotten busier than ever (I work a full time job where significant travel is involved as well).

I am having a hard time finding motivation lately. I'm rehabbing two properties (rentals 10 + 11), just took over a house after an eviction that is TRASHED (3k+ in repairs), and had a furnace and A/C go out at another house ($3,200 repair because of the time of year). I'm starting to feel like I'm not making any money (I am) because it's one thing after another.

I get it- I bring a lot of this on by myself because I self manage and continue to acquire- part of me thinks I need to take a break for a year and get remotivated, but the other part of me thinks that the moment I stop, someone else gets ahead.

I am 27 years old and want to "retire" at 35, so my goal is 20 SFH's- that will allow me to live a similar lifestyle as I do now, but have the freedom I want.

Reel me in here folks- how do you keep going when it seems like it never ends?

Elisa Uribe · Answer

@Brad Clarizio implement systems and teams, it's a game changer.

Since you need a break anyway, find a local place nearby and book two nights away. Maybe somewhere you have been meaning to visit etc. Take your computer, and write out what you like and dislike about acquiring properties, rehab, property management. The write down who you have helping you in all of these processes.

Can some of those people you already trust take on more responsibility? Is there anyone else you can bring on your team. Then ask yourself, what is it worth to you? You have to learn how to balance time and money and remember, just because you know how to do something, doesn't mean you have to do it yourself, or even know how to do it best. Put a game plan in place.

When you get back home, you will have clarity, focus, and a mission, so you will be once again, motivated. It really works!

Being self employed and an investor, I make it a point to do this every time I start to get burned out and it works. I call it hitting the reset button:)

Thomas S. · Answer

If making money is not motivation enough nothing will be.

Investing is a job the same as any other. Without the motivation of money there is no reason for anyone to work. If the money is not enough you change jobs.

Enjoying what you do for a living is nice but highly overrated. Time in exchange for money is the true purpose of work.

Rolanda Eldridge · Answer

@Brad Clarizio...

1. Take a mini vacation

2. Take a day to do absolutely nothing

3. Delegate some responsibilities ..maybe hire admin person, assistant, etc...

4. Balance...work, rest, play...

Brad Clarizio · Answer

I get that and appreciate the perspective- clearly I'm motivated by money- it's obvious I'm not doing this for fun. It just seems like every time I turn around, something comes up that knocks down my monthly income. If it's not my taxes twice a year, it's a furnace, or a roof, or this, or that. It just seems like it never ends! I guess I just felt like July would be the first month in awhile where I'd get full rent with next to no repairs, and then boom, A/c and furnace, $3200 pissed away.

Dustin Beam · Answer

Every day I get up and go make money for my company, I'm motivated to expand MY business.

I have a decent job and all, they do more than most for employee happiness, but I'll never be passionate about work when it's for someone else.

Brad Clarizio · Answer

Thanks @Ryan Murdock- I do listen to them on occasion. They are motivating, that's for sure.

Ryan Murdock · Answer

@Brad Clarizio

Start at BP Podcast #1 and listen to one a day. That'll keep you motivated for the better part of the next year.

How do you stay motivated?

How do you stay motivated?

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