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Investing in real estate is a long-term game and you’ll increase your chances of outperforming the market if you have consistency. While it’s easy to be excited about quick transactions, the truth is that sustained success in real estate is often the result of methodical, disciplined actions over time. From building relationships to managing properties, being consistent can be the key differentiator that sets successful investors apart from the rest.
Consider the following benefits you’ll gain from practicing this trait as you move forward with real estate investing.
You’ll Build Strong Relationships
Whether you’re working with brokers, tenants, contractors, or partners, consistency in how you approach and maintain these relationships will directly impact your success. On my podcast, “The Insider’s Edge to Real Estate Investing,” George Giannopoulos and Jeffrey Znaty, co-founders of Kings Capital, emphasized that maintaining communication with brokers and other key players is one of the main reasons they’ve been able to access off-market deals and grow their portfolio. In their experience, brokers and partners are more likely to trust and collaborate with someone they know will follow through on their commitments and stay engaged over time.
Routine Creates a Solid Foundation
Investors often point to having daily routines as the foundation of their long-term success. You might build a routine that includes physical exercise, mental preparation, and planning the day ahead. You can also prioritize your time and focus on tasks that provide the most value for your business. Setting up systems and processes can also help you streamline your tasks.
Follow-Up Unlocks Opportunities
Many opportunities in real estate are missed not because of a lack of deals, but rather a failure to stay persistent. By staying in touch with brokers and property owners over time, you can continually spot opportunities and move when the time is right. After carrying out one successful deal, you could make connections, build momentum, and further grow your portfolio.
The Chance to Uplevel Your Area of Expertise
If you work in a certain area of real estate, you can master your skills over time. After specializing in one niche, you might decide to expand your capabilities. Real estate offers the chance to continually try new things and learn. You may take a real estate master’s program, study further online, or take a course offered through your community. I also recommend reading books, following podcasts, and staying on top of local trends to gain Insider knowledge that you can apply toward your investments.
Long-Term Growth
Being consistent over time can help you build habits that lead to gains over time. From maintaining relationships to refining systems and furthering your education, you’ll be able to continually look for ways to improve and build your portfolio. You can use your network to partner and collaborate with others to scale and grow even more. My book, “The Insider’s Edge to Real Estate Investing,” discusses how to follow a plan and maximize the value of your investments.
In real estate, as in other areas of business, success rarely happens overnight. It’s the result of day-in and day-out actions that compound over time. From building strong relationships to executing deals and continuing to learn, consistency is a common thread among many of the most successful investors. If you’re looking to start or scale your real estate investments, aim to stay disciplined in your actions and routines, and you’ll increase your chances of favorable outcomes.
