THE END OF MOM AND POP LANDLORDS!!!

In this episode of the Properties for Profit podcast, I dive into the intricacies of managing salespeople effectively. From the initial interview process to onboarding and ongoing training, I share actionable tips and personal anecdotes to help you avoid common pitfalls. Learn why it's crucial to follow a structured hiring process, how to set clear expectations, and the importance of maintaining your company's core values. I'll also discuss the significance of ongoing training, managing emotions, and the tough decisions regarding underperforming sales reps. Whether you're struggling with hiring the right talent or looking for ways to boost your current team's performance, this episode is packed with valuable insights. Timeline Summary [00:00] - Introduction to the Properties for Profit podcast and today's topic: managing salespeople. [01:00] - Importance of a structured interview process and checking candidate backgrounds. [03:00] - Onboarding tips: ensuring new hires understand your company and role expectations. [05:00] - Initial training: role-playing, feedback, and assessing coachability. [07:00] - Setting clear 30, 60, 90-day goals and the necessity of ongoing training. [10:00] - Managing emotions and biweekly check-ins to support salespeople. [12:00] - The impact of maintaining core values and when to part ways with a sales rep. [15:00] - Strategies for effective communication through text messages and voicemails. [17:00] - The importance of always having a pipeline of potential hires. Links & Resources Follow Michael on Instagram: Real Estate Mike 02 Closing Remark Thank you for tuning into today's episode of the Properties for Profit podcast. If you found our discussion valuable, please subscribe, share, and follow us for more updates and tips. Let's continue to turn properties into profits together!