My Hiring Horror Stories & Mishaps & How to Avoid Them

Foreign. Welcome back to Real Estate Team Builders. Lars Hedinborg, the founder of Real Estate B School here. And I literally just ended an interview with Dr. Christopher Kroner, one of the masterminds behind sales, salesdrive.info. they just put out the second edition of a book called Never Hire a Bad Salesperson Again. And for Real Estate Team Builders, not that I've, you know, I feel like I've been blessed to have on my, my teams really good salespeople. But I will say it has never been the hiring process that has gotten me that result. I feel like I have just been at it enough and just keep swinging at the bat to the point where, like some of them were good. And for sure, if you're just tuning into the podcast, you need to go back one episode and really understand what Dr. Kroner has really dedicated his professional life to. And I mentioned I hope he took it the right way. I think he did. But love guys that have gone so deep and like geeked out. And I mean that like, with absolute love and respect. I've said it this way before and I want to use this, this podcast a little bit to unpack, you know, some of the things that I've learned in my mis hires to help anyone looking to hire again. Go back one episode and listen to the real expert. Mine's more like the blood and guts good, bad, ugly about, you know, hiring real estate salespeople. And I kind of preface this conversation so if you haven't heard my journey, it was one of like leaving a corporate job in 2007 in Charlotte, North Carolina. Our market shifted dramatically. Only realized it like a year into the business. But June 2007 is when our inventory shot through the roof. Buyers, you know, with all that was going on in the mortgage, you know, meltdown and all of it, the market shifted. And I had just gotten into real estate and I left a cozy multiple six figure corporate job. Sold 27 homes in my first 10 months in the business. Then 44 in 2008 as the market was really just sort of unraveling. And then went to 58 and 118. 178. The year we did 118, I hired for salespeople. I'm sure I had some mishires in there that I literally, I've tried to clear my mind of some of those. And then we did 178that next year, probably another three or four. There were two years in a row where I hired four salespeople in January and none of them were Left like even six months later and they were all mish. And so here is kind of what, what have I learned? And then we went on to 248 and 312 and 400 plus and, you know, 13 at the most amount of agents was 13, 10 of which were like highly, highly productive agents, averaging, you know, as many as 100, but, you know, 30 plus homes on average. Our standard was two closings per month, you know, to remain on the team. So we did figure some things out, even though we made a lot of mistakes. And I like to kind of the backdrop to the conversation is the difference between patterns and potential. And there is actually a really. This clicked for me in a sermon from my pastor, Pastor Steven Furtick of Elevation Church. If you go to YouTube and you type in Steven Furtick, it's F u r T I C K relationship advice. I don't really care if you share my faith. It is straight up business training, has nothing to do with business. But I was sitting in church live in this, in this sermon. And the pastor goes on to say the name of the sermon series was the Power of Potential. But then he was talking about, like, relationship advice. He's like, ladies, you know, you all want to see the potential in, you know, someone to marry. And they have all the patterns of someone that you do not want to go anywhere near. They're like, they're 32 years old, they live with their mom, they have like gobs and gobs, 100,000 in junk consumer debt. They're addicted to porn, they're 40 pounds overweight. And you want to just see that this has some potential. When all of the patterns of this person pre getting into a relationship with them would indicate, like, red lights and bells ringing, like, you need to run the other way. Because this is a person who has not demonstrated a pattern of, you know, being a worthy mate. You know, like all of a sudden you're going to come into their life and you're going to, you're going to get them on the right path and you see, like, oh, this guy can be so good. And as I was listening to my pastor preach this message, I was like, it clicked. It clicked. Where all the mistakes I've made with people in my business in terms of hiring and letting people into my world, it's because I probably wasn't as deliberate as I should have been in the interview process. And even though we had a system in place, I really didn't follow it. I'm not the best interviewer because I naturally am optimistic And I want to see the potential in someone that versus their pattern. So rather than. Or here's what I would do in an interview, I would say, okay, so the position is this and looks like your background is this. And I would ultimately sell them the vision of the company and how they could fit in. And they would say, yeah, that's great. I could totally do that. I could crush that position. It's going to be great. And, you know, we would just talk about the potential in the future and how they'd move forward and how their background fits a little bit. They seem nice. I could get along with them. And off we go. Really not great. But I imagine most businesses owners hire this way. And the flip side is of that is that you look for the patterns. And this is what Dr. Coroner was saying. And the sales drive assessment is the only assessment that I know that measures this part. But it's their actual patterns, you know, so if I need someone that's going to be accountable and, you know, bring a positive attitude to work and, you know, they embrace, they're disciplined, they hustle, they work hard, there's actual questions I can ask them, and there's actual things that they could have done or couldn't have done to this moment in time where I'm interviewing them versus, like, okay, so, you know, Lars, this is me interviewing someone. Lars, you know, share with me, you know, a time where you've had to work really hard to achieve something. You know, because one of our core values, our hiring process starts with core values. One of our core values is that, you know, we hustle and work hard. So give me examples of where you, like, totally grinded and just did whatever was necessary to achieve a goal. And they're like, they think about it and then. Give me another example. Give me another example. So you're actually looking for patterns that give support to the things that you need the person to do. And when they show up to work, if they're lazy, they generally haven't achieved anything. They don't. They're not competitive. They're not. They didn't, like, work us, work two jobs in college and play a varsity sport. Like, there's patterns you can look for, and we need to avoid the looking for potential in people. And there's a few other things that I want to cover here as I wind this sort of rant down about my mishaps in hiring. There are certain things, and I actually created a list of, like, the things that we know, like, we're looking for in someone. Like, I Made the mistake of hiring agents on my team that their income was the second income of the household. Like they didn't actually need to make money. And so that never has worked out for me. You know, someone, I need them to come in and do the work necessary, you know, the actual work of a, of a, of a salesperson and time block and make calls and track numbers and like the predictable part of building a business. If you have someone that like their, their spouse is out making multiple six figures and they have insurance through them and this is kind of a side gig, they're not going to do those things and they're kind of, kind of show up, you know, halfway for things and they don't really need it necessarily. So that's one, one big thing. And then I would say for my business it was, you know, someone that wants to make, you know, six figures or multiple six figures. And in my market that's, that's really good compensation. We had a path to get agents to 150 plus of take home money by their second full year on our real estate team. Like an actual step by step plan. We actually have it as part of real estate B school now. But you know, what, what is driving them, you know, to want to make money? Like do they actually, are they motivated by making more money? You know, a lot of people are not motivated. They think they want to be in real estate and they want to join a team to take off some of the heavy lifting, but they're not actually motivated to go out and make a lot of money. You need salespeople that are financially motivated. It sort of sounds stupid saying, but so many people hire someone like from their, like book club or from their church group or like they just seem like a nice person. They have their real estate license, they're going to be on my team, it's going to be great. And there's no structure, there's no cadence whatsoever. And we're just hoping that somehow they're going to work out. We want to hire people. Another thing is that they have demonstrated a track record of achievement. And I don't actually care what the achievements are. You can ask them a straight question like, what are the last three major achievements you've set out to sort of knock down or achieve the last three big goals that you wanted to achieve and how you went about achieving them. Right. And that actually reveals if they actually are setting goals, if they're challenging themselves, if they're sacrificing in any way to make their life different in the future than it is today. And those are the kind of people that you want in your business. Last thing I'll share is that folks that understand real estate is not a 9 to 5 and folks that have the ability, the capacity, whether through a support system or they're not attached to kids or spouse or folks that can actually work the hours of a real estate agent evenings and weekends, are you willing to put in, you know, for a couple years, 60 hour work weeks so that you can get to a level of income that is far beyond any of your peers? You know, we'll tell that to someone who's like, you know, in their late twenties. Like you have the ability to make multiple six figures here, but it's not going to come out of the gate. You need to double down for a couple of years and in that third year you, you will earn more, twice as much as all your friends are earning, you know, because they, they, if they're competitive, they want to, they want to know that they're going to be earning more than their friends. So those are just a few things that I've, in all the mishaps that I've made in hiring. If you're at the point in your journey where like you want to grow, you want to scale, but it seems like you're trading time for money, it seems like you're making all these mistakes. You're not necessarily good at building systems in your business. There's a unique opportunity to partner with me personally to help grow your real estate team and also plug into different multiple streams of income. Go to partnerwithrebs.com that's partnerwithrebs.com you could see what the opportunity looks like. We can have a conversation about it. You can book directly into my calendar for a strategy session. So go to partnerwithrebs.com and we'll see you over there. Much love, much respect. We'll see you in the next episode. Thanks for listening. Would you please take a minute to share the show with other team leaders who may be struggling? And if you love the podcast, please please leave us a five star review on Apple Podcasts. If you want to learn step by step how to build a profitable real estate team that allows you to get out of the real estate grind and live the lifestyle you've been dreaming about, Visit us@joinrebs.com that's joinrebs.com Our coaching, training systems and support will help you get more high quality leads, increase your conversions and sales, improve your client experience and allow you to scale your real estate business. All while reducing the amount of hours you work and the stress you endure. Just go to joinrebs.com for more info now. See you on the next episode.