I-A-Q #12: Keep Your Head on a Swivel, Agents!
Happy Monday!
Here is an Idea, an Action, and a Question to consider this week.
Idea
As an agent or investor, you’ve got to keep your head on a swivel to avoid getting tunnel vision on one aspect of the deal. Remember: You’re the leader, so the “big picture” is your responsibility.
You need to have situational awareness and keep a constant crosscheck (a rhythm where you steadily check on each thing that needs to be monitored) going on with your transactions.
It’s easy to get hyper-focused on inspection issues or coordinating a repair, and then fail to follow up on the appraisal, ending in the whole deal falling apart.
Ask yourself questions like:
What’s the status of the survey?
What’s the status of the appraisal?
What’s the status of the inspection?
What about the insurance?
And what about the utility set?
I find it helpful to put each item of a transaction into a spreadsheet and get an update on them at least once a day from my lovely transaction coordinator.
Action
Download my spreadsheet template and make it your own. (And say goodbye to things falling through the cracks—forever!)
Question
How will you avoid getting tunnel vision on your next deal?
See you next week,
Matt “Roar” Gardner
Real estate investor-agent, Author of Supersonic Real Estate: Light Your Afterburner to Accelerate Your Investor-Agent Career (Coming Soon!), and keynote speaker
