EP 62: How I Lost Big by Hiring Fast and How You Can Avoid It

In this episode of the Properties to Profits Podcast, I share a hard-earned lesson on the importance of having a structured hiring process. Through a personal story of a disastrous hire that cost me hundreds of thousands of dollars, I explain how skipping due diligence can lead to financial loss and damage to your business reputation. But it’s not all doom and gloom—tune in to learn the steps I now take to hire and onboard team members effectively, including the tools and strategies that can help you avoid the same mistakes. If you’re ready to protect your business and hire like a pro, this is the episode for you!

 

3 Key Takeaways:

1.A Poor Hire Can Be Costlier Than You Think: Hiring without proper vetting can lead to significant financial losses and operational setbacks.

2.Screening is Critical: Use tools like personality tests, background checks, and role-specific assessments to identify the right candidates.

3.Onboarding and Continuous Feedback Matter: Building a structured onboarding process and maintaining regular check-ins are essential for employee success.

 

Episode Highlights Timeline:

[0:00] - Introduction

[0:36] - The common hiring mistake many small business owners make

[2:00] - My story: The costly lesson of hiring the wrong person

[3:45] - How to spot red flags during the hiring process

[5:20] - Implementing personality tests, background checks, and role assessments

[6:12] - Why onboarding and ongoing evaluations are essential for success

[7:09] - Tools and systems to refine your hiring process

 

Closing Reminder:

Thank you for tuning in! If you found this episode helpful, please subscribe, share it with a friend, and leave a review. Follow me on social media for more tips to grow your real estate business. Let’s keep turning properties into profits!