Hiring the right team is, without question, the key to growing a successful real estate investment business. However, that is easier said than done. Many real estate investors know how to buy and sell properties, but hiring and managing employees is an entirely different story. Traditional hiring funnels might result in relevant talent, but you are more likely to end up with just that: a traditional employee. To get the most out of your business, you need to hire the best employees. Real success lies in hiring the right team, training them well and empowering them to make their own decisions. The best employees will come complete with a lofty price tag and a slew of other businesses competing for their attention. However, despite their availability (or lack thereof), good executives should remain your priority. The time and money you allocate toward finding top talent will be well worth it. When it comes time to make decisive moves in your business, you will be glad you ...
- Hiring is a bit of a numbers game: If you want to attract the top talent, you need to make sure you get as many people responding to your job ad as possible.
- I suggest picking up the phone and calling a few key influencers you know, as to see if they would have any referrals.
- Hiring the wrong person can be costly to a real estate investor's business and result in hundreds of thousands of dollars in lost opportunity costs.