EP 94: The Hidden Cost of a Bad Hire: My Toughest Wholesaling Lesson Yet

Hey guys, Michael here! In this episode of the Properties to Profits podcast, I’m opening up about a recent (and painful) lesson we learned at my company, Oasis Home Buyers. We’re talking about the hidden costs of a bad hire and how one wrong fit can ripple through your business in ways you might not expect. From team morale to public reputation to lost time and money, I’m breaking down the real impact—and more importantly, how we’re improving our hiring process to avoid repeating the same mistakes.

 

Whether you’re an entrepreneur building your own team or just curious about the behind-the-scenes of running a fast-growing real estate business, this episode is packed with insights you can apply. Stick around to hear how we’re doubling down on alignment, culture, and building a resilient team that can scale and succeed.

Timeline Summary

 

[0:00] - The story behind our first one-star Glassdoor review

[2:55] - Lessons learned from hiring misalignment and turnover

[5:29] - The emotional and financial toll of a bad hire

[6:35] - Our revamped hiring framework for alignment, not just talent

[9:57] - Red flags to watch for in the first 30–90 days

[11:10] - Why one bad review doesn’t define your business

[12:17] - How to bounce back, improve, and keep moving forward

 

3 Key Takeaways

1. Hire for alignment, not just talent — Skills can be taught, but shared values and work ethic are non-negotiable.

2. Act fast on red flags — A bad hire drains morale, time, and money; address misalignment early and decisively.

3. Failure is fuel for improvement — Mistakes and criticism are part of growth—learn, adjust, and keep building better.

 

Links & Resources

• Connect with me on social media: realestatemike02

 

Closing Remark

Thanks for tuning in, friends! If you enjoyed this episode, please rate, follow, and share the podcast—it helps us reach more people who want to turn properties into profits. And don’t forget to leave a review; I’d love to hear what you think! Until next time, keep pushing forward and building your dreams.