boilingwater | Frying Question

I am a decent semi-cook. I can make a few things reliably, including a few steady mistakes. Recently I realized that my kitchen always gets slightly smoky when I fry pancakes or French toast. Not like billowing smoke, but enough for me to notice once I've gone into the other room and back.

I get the feeling that I am doing something basic wrong. That is, my basic frying-things-in-a-teflon-pan technique is flawed. Part of it is that I tend to have lousy timing, and flip the pancakes either too soon or too late. I think. Anyway, it strikes me as a beginner's question, so I'm posting here for tips or advice. Please save my tearing eyes from breakfast-for-supper. ;_;