In this episode of Properties to Profit, I dive into one of the most crucial aspects of running a successful real estate business—having a solid hiring process. I share a personal story where a bad hire nearly cost me hundreds of thousands of dollars and left my business vulnerable. We discuss the lessons learned, the importance of due diligence, and the steps I’ve taken to build a foolproof hiring system, including personality tests, background checks, and role assessments. Whether you’re an entrepreneur or small business owner, this episode is packed with essential tips to ensure you hire the right people and avoid costly mistakes.

Timeline Summary

[0:00] - Introduction

[0:42] - Common mistakes small business owners make when hiring.

[1:24] - A personal story about a bad hire and its consequences.

[3:18] - The fraudulent activities uncovered after the hire left.

[4:46] - How the right hiring process could have prevented the situation.

[5:47] - The importance of background checks, personality tests, and other assessments.

[6:32] - Steps to implement a robust hiring and onboarding process.

[7:00] - Advice on continuously monitoring and engaging employees to prevent future issues.

Closing Remark

Thanks for tuning in to Properties to Profit. If you found value in today’s episode, don’t forget to subscribe, rate, and share the show. Follow me on social media for more real estate tips and insights. Let’s keep turning properties into profits!