Latest / The Real Estate Agent Playbook / Scaling Your Real Estate Business with Relationships | The Wolfpack Way w/ Shanne Carvalho
Transcript
- 0:00welcome back to another episode of the Wolf Pack Way
- 0:02today we have a good friend of mine
- 0:05Shane Carvalho from the Bay Area out in San Francisco
- 0:10uh he's a little bit south
- 0:12he is a 49ers fan we won't hold it against him
- 0:15um but Shane is one of the original Wolf Pack members
- 0:21absolutely crushes the business
- 0:24and I'm so excited to talk with him today
- 0:28about simplifying the business
- 0:30in our tech industry in our tech Force world
- 0:33Shane has managed to build an incredible business
- 0:36and he's not the most tech savvy
- 0:38but we got him here today
- 0:39so Shane thanks so much for
- 0:41for popping on um Shane
- 0:43tell us a little bit just about yourself and
- 0:46and kind of where this all started
- 0:49yeah well
- 0:49first of all thanks for having me
- 0:51and yeah it was almost a challenge getting on hahaha
- 0:54um so I'm
- 0:56you know basically you're right
- 0:58you know
- 0:58Bay Area live just south in the Santa Cruz area
- 1:00um so I was born and raised here
- 1:02my parents are Portuguese
- 1:03immigrants from the Azores islands
- 1:05so my first language is Portuguese
- 1:08second language is English
- 1:09and my third language is Spanish
- 1:10and uh
- 1:11so I've been fortunate to uh
- 1:13you know
- 1:13retain the languages and use them all the time here
- 1:16uh now my folks
- 1:18you know they follow the American dream
- 1:20my dad worked for a contractor
- 1:22ended up having his own construction company
- 1:24so I grew up building houses
- 1:25me and my brother took over when he retired
- 1:27my brother then completely kept the company
- 1:29since I was focused on real estate
- 1:31I do have my general contractor's license as well
- 1:33so I have a lifelong history in construction uh
- 1:3626 years in real estate and right out of college
- 1:40I did mortgages for about eight years and um
- 1:43essentially um
- 1:45the journey you know
- 1:46there's been other things besides just work
- 1:48but honestly I just turned 50 in January
- 1:50and I've pretty much dedicated my life
- 1:52since I was 22 years old to real estate
- 1:56and everything about it
- 1:59that's that's incredible
- 2:00so you know
- 2:02obviously had to grow up getting your hands dirty
- 2:05working hard and that's completely
- 2:08you know translated
- 2:09obviously into your extended real estate career
- 2:1123 years in real estate is a
- 2:14is that should be like retirement level
- 2:16right with the military
- 2:1720 years 23 years in
- 2:20in a real estate certainly a
- 2:21a survival of the fittest for sure
- 2:24um so let's talk about this
- 2:25because you've done it with teams
- 2:27you've been a team lead you've had all the businesses
- 2:30you've done it solo but the incredible piece about this
- 2:34and we talked about this yesterday
- 2:36when we were talking about
- 2:37you know this interview
- 2:38is that you've done it merely through relationships
- 2:41right it's not some flashy YouTube channel
- 2:44it's not you know
- 2:45the Tom Ferry scripts you know
- 2:48it's it's merely through relationships
- 2:50so talk a little
- 2:51bit about how that has looked in your career from
- 2:54you know even the lending world into a solo agent
- 2:57into a team lead and now kind of back to
- 3:01you know kind of a solo agent
- 3:03well
- 3:04she goes way back to the late 90s when I was in college
- 3:07um I worked at a mattress company
- 3:10um while I was in school
- 3:12actually I had multiple jobs
- 3:13in fact I haven't had a job
- 3:14job since I was 22
- 3:16I've always owned my own business since
- 3:17but um
- 3:19the mattress company
- 3:20we would get commission for selling the mattresses
- 3:22and beds and stuff
- 3:23and used to be competitions between the stores
- 3:25and everything else and it's funny
- 3:27cause that's where I really got my first taste of
- 3:30you know
- 3:31the different methods of dealing with the public
- 3:33and with sales you know
- 3:34my roommate was super slimy
- 3:36he's like one of those slick
- 3:37like car salesman types just say whatever
- 3:40do whatever and um
- 3:41I know this sounds kind of funny
- 3:43to go all the way back to those years
- 3:45but um
- 3:45I Learned early on
- 3:47that I was very much about being honest
- 3:50transparent and trying to do things the right way
- 3:52I don't know if it's part of my upbringing or whatever
- 3:54but it just I was
- 3:56I cared about each customer's needs
- 3:59and I didn't want to rip them off
- 4:01or misrepresent anything and um
- 4:04and to add a layer to that
- 4:07you know
- 4:07these guys were very competitive and I like to win
- 4:09I'm competitive you know
- 4:10I ended up you know I've been very
- 4:12very successful and fortunate to be at the top
- 4:14in most of the things I've done
- 4:16my whole career but um
- 4:17this almost became like the race between good and evil
- 4:20like on a typical Sunday we look at the scoreboard
- 4:22see who's got the most sales and you know
- 4:25I realized early on
- 4:27that you can be the best and be successful
- 4:31while always creating a win on both sides
- 4:35at that time it was being a salesperson and a customer
- 4:39now it's being a listing agent
- 4:41working with a buyer's agent
- 4:43you know your sellers with your buyers um
- 4:46you know in his mentality
- 4:48my old roommate
- 4:49good friend of mine who passed away years ago
- 4:50just said as one of my best friends
- 4:51but you know his mentality was just
- 4:53you know
- 4:54just get after it doesn't matter whatever it takes
- 4:56sell it and it
- 4:57and it reminds me of a couple guys I know here
- 4:59that just blast mail out and they're transactional
- 5:01they don't care about the relationship
- 5:02they're just transactional but here I am years later
- 5:06you know realizing and still carrying it on
- 5:07but on a much higher level
- 5:08that the relationships that you create
- 5:12not just with your clients
- 5:13but with agents on the other side
- 5:16and also just having this really healthy fusion
- 5:18and you cannot
- 5:18you know this cause you're top sales guy too
- 5:20you know how it is you no matter what you do
- 5:22there's certain situations
- 5:23people are just not gonna be happy
- 5:25there's just it's not gonna work out right
- 5:26but at the end of the day
- 5:28like you could definitely set everybody up for success
- 5:31by handling things this way to begin with
- 5:32and so you know
- 5:33I have found that you know
- 5:35over the years doing business this way
- 5:36not only has it helped me with my clients
- 5:38and repeat business
- 5:38but you know I'm 80% of the time on the listing side
- 5:41but I tell you what when I have an offer
- 5:43and I'm dealing with one of these agents
- 5:44that I've dealt with over the years
- 5:46doesn't matter if there's 20 offers
- 5:47they're really pushing for us to get this property
- 5:50so building these relationships
- 5:52it's it started at a very young age
- 5:55on how to handle business this way
- 5:56but it's like blossomed into helping like in multiple
- 6:01like multiple ways it's it's a game changer
- 6:03it's been absolute game changer
- 6:04and that's what I try to teach young agents coming in
- 6:07you know don't be transactional be relational right
- 6:11and so anyway
- 6:13yeah absolutely
- 6:14and that's that's huge
- 6:16and when we really step back and look at this you know
- 6:19we've had this conversation some of the other you know
- 6:22top people that maybe somebody would call on Instagram
- 6:25you influencer a YouTube influencer
- 6:28when we get down at those
- 6:29leaders dinners and we're hanging out
- 6:31it's really about the relationships right
- 6:34everybody's talking about their sphere of influence
- 6:35they may have something shiny over here
- 6:38that everyone thinks that
- 6:39you know is the real drive to their business
- 6:41but the truth is it's it's these relationships
- 6:44so what would you say
- 6:46or what do you say when people tell you that uh
- 6:51the relationship maybe isn't
- 6:53the relationship built business isn't scalable
- 6:56what's kind of your response to that
- 6:58well but that's just it like
- 7:01you know and this goes back to the transactional
- 7:04relational thing right
- 7:05so like
- 7:06goes back to even my guy that used to compete with me
- 7:08being a slimeball like sure
- 7:10like look at these people that pay for
- 7:12I'm not gonna name companies
- 7:14but there's these companies that sell leads or whatever
- 7:15right so look at these companies that years ago
- 7:18when you can buy zip codes
- 7:19and you can just spend $40,000 a month and just
- 7:23you know you can really run numbers up right
- 7:27where are those people at today in this market
- 7:30where's everybody at where are those companies at
- 7:32I I mean
- 7:33No. 1 like
- 7:35No. 1 right off the bat
- 7:37is that if you're just doing it
- 7:39to do it and pad your bank account um
- 7:42and really not even care cause honestly
- 7:46I think that if people are focused
- 7:47solely on scalability
- 7:49then they're not focused on helping people
- 7:51you can have both I wanna scale like I can do both
- 7:53but you can't have one without the other
- 7:56and be sustainable and be Mark
- 7:58like look
- 7:5826 years OK
- 8:001999 right
- 8:02what have I been through in my career
- 8:04yeah there's never been a moment in 26 years
- 8:08where I cannot make a living
- 8:09not a moment
- 8:11the only time in 26 years where I couldn't do my job
- 8:13was the first couple months of Covid
- 8:15when I was not an essential worker
- 8:17we had to sell houses without walking them
- 8:19without being able to get inspectors in there
- 8:20had buyers buying properties sight unseen
- 8:22cause we couldn't walk them
- 8:23so for a couple months during Covid
- 8:25I was worried about how I was gonna do my business
- 8:28but I guess what I'm trying to say is that
- 8:30you know you can scale with relationships
- 8:33because these are the people that know and trust you
- 8:36and and because they keep coming back and work with you
- 8:38I've taken first time home buyers
- 8:40and made them millionaires in equity
- 8:43some of them in as little as five or six years
- 8:45like I've helped people like
- 8:46that didn't even know they could ever buy a house
- 8:48now they have rentals
- 8:50some of them live in million dollar
- 8:51you know houses
- 8:52which I know California is not a big deal
- 8:55but but I'm just saying like the
- 8:58they come back all the time
- 8:59and then right now
- 8:59when people worried about interest rates
- 9:01interest rates whatever
- 9:02my clients are cleaning house
- 9:03we're buying stuff left and right
- 9:04we're buying stuff 100
- 9:05two hundred thousand dollars under market value um
- 9:07you know just because my buyers trust me
- 9:09they're not worried like I do the math with them
- 9:11like people are so hung up oh
- 9:12the interest rate it's like look
- 9:14the interest rate is saving you like
- 9:15two hundred dollars a month
- 9:16twenty four hundred dollars a year
- 9:18this property is gonna be fought for
- 9:20and sell for 150,000 more
- 9:22when the rates come down
- 9:23cause everybody's gonna come off the fence supply
- 9:24demand my clients get that stuff right
- 9:27so like as far as scaling
- 9:29it's I need to do a better job
- 9:32continuing to ask for more business
- 9:33for them to do more outreach
- 9:35for me that's where I'm lacking
- 9:36I'm not spending enough time
- 9:38getting them to do more outreach
- 9:39so if we set up a competition
- 9:42let's say January 1st and heck
- 9:43we this probably be a fun one right
- 9:45let's set up a competition
- 9:46let's get the production people that are transactional
- 9:48let's get a couple of us fear people and you know
- 9:50just set it up like let's see okay
- 9:52who can really scale an effective business
- 9:54this method and this method
- 9:56and then make it sustainable
- 9:58and so right
- 10:00and I think you yep you mentioned a pretty good point
- 10:03it's like what what does scale mean to you right
- 10:06for somebody that hasn't sold a home in you know
- 10:10six months scaling
- 10:11looks a little bit different to somebody like you
- 10:12and I
- 10:13but to say that you can't scale through relationships
- 10:17is silly because I mean
- 10:19what's your best year in real estate transaction sides
- 10:22volume what's your best year Shane for me well
- 10:25it's a little different
- 10:26we don't do a lot of units here
- 10:2741 units is the most I've done in a year in my career
- 10:30um
- 10:32I'd say dollar volume probably about 50 million okay
- 10:35we're talking 50 million right
- 10:38we're talking 50 million when you know
- 10:40you ask someone about scaling
- 10:42they're talking about getting to the 10 million
- 10:44dollar Mark you know
- 10:45off the map and then
- 10:47you know 25 and then 50 so proof is in the pudding
- 10:51scaling your business is possible
- 10:53through relationships right there
- 10:55fifty million dollar real estate year
- 10:57I don't care what market you're in is a
- 11:00is a pretty good year
- 11:01so that's that's pretty impressive
- 11:03I didn't look at it that way
- 11:05but that's a good point yeah
- 11:05about 90% of the business that we do
- 11:08is repeat a referral and right now
- 11:09I could look at the last 10 listings
- 11:11I've signed in the last month and a half
- 11:12and nine out of 10 are past clients um
- 11:15or or referral so yeah
- 11:17it's but the sounds pretty scalable to me past clients
- 11:21but then the other part
- 11:22but the other part of scalability
- 11:23like I said is you can buy scalability right
- 11:25but you can't retain it like no you
- 11:29you just cause yeah it just
- 11:31you could
- 11:32if you then all of a sudden became relational right
- 11:34so okay I'm gonna be scale transaction guy
- 11:36and then while I'm doing this
- 11:36I'm gonna build behind and be
- 11:38you know but people don't do that
- 11:39people that wanna do that
- 11:41are just focused on doing that
- 11:42what I'm saying is you could do both
- 11:44and yeah and I think I mean
- 11:46I think that's the killers
- 11:47we do have one group that you know
- 11:49has is part of the the evil Empire uh
- 11:53but they are in the wolf pack
- 11:54so we gotta give them a shout out
- 11:56but they do really focus on that relational piece
- 11:59so they're they're helping new agents get leads
- 12:01crush leads but it's important to them
- 12:03for their agents to build the the uh
- 12:06the no like and trust factor
- 12:08the trust builds up
- 12:09and then those repeat clients come in
- 12:11and that's why they're
- 12:12one of the top teams in the state
- 12:14and will be one of the top teams in the country
- 12:16as they they get their business up and running
- 12:18so let's transition a little bit Shane uh
- 12:21yesterday at the time of this recording
- 12:23was a pretty big milestone in your
- 12:26your life and and yesterday
- 12:28you said something else to me
- 12:30that I want to kind of dive into um
- 12:32and you had a little bit of a time with a health scare
- 12:37sitting you know in a hospital bed
- 12:39and tell us a little bit about that situation
- 12:41and kind of the perspective that it gave you
- 12:44and the shifts that you've made three years later now
- 12:46through that that health journey
- 12:48you know it's interesting
- 12:49so I um
- 12:52I've always worked hard and hustled
- 12:53like I work so hard that my body can't keep up with me
- 12:56and so I ended up passing out
- 13:00I guess technically in the end
- 13:01they determined I fainted at a broker's open up in
- 13:04in Black Hawk in a country club up in the East Bay
- 13:07I was about an hour and a half north of home
- 13:09and anyway
- 13:11I was in the hospital in the er for like 10 hours
- 13:13I mean I'm in pretty good health
- 13:13they couldn't figure out what's going on
- 13:14did all these scans and stuff
- 13:16and then with the ultrasound
- 13:18they found this tumor on my right kidney
- 13:21and so when I was gonna be discharged
- 13:23like hey
- 13:23you're gonna have to go see your doctor
- 13:24you know you
- 13:25you know well
- 13:26first they asked me what I do for a living
- 13:27and I told them real estate
- 13:28and they were laughing cause like
- 13:29well after everything we've done here
- 13:31it's like you're dehydrated
- 13:34you're pretty exhausted
- 13:36you seem like you're sleep deprived
- 13:37you have a little bit of gastritis
- 13:38like you're like your body's just shut down
- 13:40you're just you're just doing too much
- 13:42you need to like probably sleep more
- 13:44rest more you just you're gonna have to slow down
- 13:47and so that's what they told me
- 13:48but then that tumor was of some concern
- 13:50and so basically I went back home
- 13:53talk to my doctor see me the urologist
- 13:55five weeks later I was in surgery
- 13:57so they determined that it was renal cancer
- 13:59that was a cancerous tumor and it had to be removed
- 14:02and um honestly
- 14:03like two things happened one is
- 14:06I'm so busy and have so much going on
- 14:09that it didn't hit me like
- 14:10oh yeah
- 14:10cancer it didn't even hit me because like this is crazy
- 14:13this sounds crazy to you
- 14:14and I just had this talk with somebody the other day
- 14:16it was like one more thing on the to do list
- 14:19like I'm actually thankful that I was not like
- 14:21on a beach somewhere like semi retired
- 14:23enjoying Rev share
- 14:24because I probably would have like fell apart
- 14:27but I was so busy I was like okay
- 14:29well one more thing to deal with and and I just like
- 14:32you know deal with it reality though
- 14:34and yesterday really hit me hard
- 14:35is that remembering that moment
- 14:37being wheeled into the operating room
- 14:39still conscious like you saw these papers
- 14:41you can die and stuff it's like a six hour surgery
- 14:43you know there's complications
- 14:44it's a big deal and it's like I don't know
- 14:47I wasn't ready to face death I guess at you know
- 14:5046 or 47 I didn't realize that
- 14:53this would be something that would come up and uh
- 14:56and what I do remember is that you don't even
- 14:58like it's weird
- 14:59I remember seeing that big light
- 15:00like you see in the movies
- 15:01like the big light and all these people
- 15:03and I don't remember anything after that
- 15:04I just woke up in a recovery room
- 15:05I felt like two minutes later
- 15:07but uh
- 15:08what I did discover while recovering from that
- 15:11by the way
- 15:11I did get a call three days later that they tested it
- 15:14it was renal cancer they got clear margins
- 15:17I should be good I'm in cancer protocol for five years
- 15:20every six months you get checked
- 15:21one of my buddies
- 15:22he had the same thing and his did come back
- 15:25I've been fortunate that it hasn't come back
- 15:27so I do get tested here every six months
- 15:29but so
- 15:30what I did while sitting in my family room
- 15:33in a hospital bed after getting hospital was
- 15:35I was started realizing that um
- 15:37how crazy it is that um
- 15:39all this is happening and meanwhile
- 15:41I'm focused on work and handling business
- 15:43and not even realizing that like hey
- 15:45probably a wake up call like
- 15:47you know like so um
- 15:49I felt fortunate for being such a hard worker
- 15:52that I passed out and they found this
- 15:53because it was this is a very silent killer
- 15:56like you don't find out about this till
- 15:58it's usually too late or pretty tough
- 16:00so I got lucky
- 16:02I almost feel like this is the natural selection part
- 16:04I feel like if I was a lazy realtor
- 16:05I would have been dead because I mean
- 16:07they would have never found it
- 16:08because it would have been too late
- 16:09when you do start having complications
- 16:10in your lungs and stuff you're screwed right
- 16:12so it's like part of us natural selection is like
- 16:15okay look the good part is I am a hard worker
- 16:18and I worked so hard that this happened
- 16:20they found it but on the other hand
- 16:22it was like well
- 16:22at the same time
- 16:23this is a lesson that this is such a serious thing
- 16:26I was so focused on work
- 16:28that I didn't even take it as such a serious thing
- 16:30so while laying there um
- 16:32I decided that I wanted to simplify my life
- 16:35and just do what I enjoyed
- 16:36and what I loved which real estate
- 16:38I love real estate I love construction
- 16:40love fixing up the houses
- 16:41transforming the properties and so I was like
- 16:43I'm gonna hold on to that I got rid of seven Airbnbs
- 16:47two real
- 16:48two retail stores and a 20 agent production team
- 16:52none of that was serving me
- 16:53it wasn't it was too much
- 16:54even with managers and stuff trying
- 16:55it was just too
- 16:56it was not none of that was really making money
- 16:58it was just like time suck
- 17:00headache and it was overwhelming
- 17:02like I had no time to be with even myself mentally
- 17:04it was crazy and so I decided that I wanted to um
- 17:08also really focus on my health
- 17:10because I've always been very active
- 17:11very athletic but I found that I was not really
- 17:14honoring my morning routine anymore
- 17:16it was just it got a little weird during Covid
- 17:18like everybody was affected in different ways
- 17:20and you know
- 17:21right before Covid I was in the best shape of my life
- 17:23and then during Covid like
- 17:24I don't know just life got kind of strange
- 17:26and I just realized that I wanted to refocus on
- 17:29you know health is really important
- 17:31and I wanted to focus on that
- 17:33and so I basically made those changes in the business
- 17:37um I also realized during that time that just
- 17:41cause people have been in your life for a long time
- 17:43as friends or people that you work with
- 17:45even people that are related
- 17:46like
- 17:47certain people just aren't meant to be in your life
- 17:49and it was almost like
- 17:50this big purge of people in my life
- 17:53and while I'm recovering from cancer
- 17:55I had a business partner do me dirty for
- 17:57like multiple seven figures
- 17:59really financially devastated
- 18:01while recovering from cancer
- 18:03really got burned by someone who had been
- 18:05like a best friend for you know
- 18:06over 10 years in fact I
- 18:08you know never was able to recover
- 18:10so I did take a hit on that as well financially
- 18:13so it's like I found myself um
- 18:15with all these aspirations of direction I wanted to go
- 18:17but I also found myself in a horrible position
- 18:20financially luckily with the
- 18:22you know like the sphere
- 18:24people were still having us do their business
- 18:26my team was helping run the transactions
- 18:28obviously because I was down
- 18:30you know I was not as productive as I could have been
- 18:33but with the money that I lost
- 18:35getting hit with this thing and then not getting paid
- 18:38not only did I lose but then
- 18:39I didn't get paid
- 18:40for any of the projects I'd worked on
- 18:42I just I found myself in a situation where
- 18:44I also couldn't do anything physically
- 18:46I couldn't lift more than 5 pounds for like
- 18:47a couple months and um
- 18:49I was limited in what I could do
- 18:51I could barely walk half a block
- 18:52like I was in really bad shape
- 18:53I put on almost 60 pounds while I was recovering and uh
- 18:58found myself really depressed too
- 18:59just I mean
- 19:00things just weren't going like well right
- 19:03like I had this vision
- 19:04and I wanted to get back on the horse
- 19:06but my body was holding me back
- 19:07and there was all these complications with
- 19:09things that happened
- 19:10with the business partnership on this
- 19:12it was a separate thing
- 19:13I had nothing to do with my main business
- 19:14but it just I don't know
- 19:15just those some really dark days
- 19:17I got burned by a couple other people that were friends
- 19:19and um
- 19:20just went through some really dark times and I felt
- 19:22you know helpless and out of shape and had no energy
- 19:25and um yeah it
- 19:27it it took a lot
- 19:29from within to actually regain the inspiration
- 19:33motivation to work back onto my feet
- 19:37to being successful again
- 19:38I honestly was so bad in such a dark place
- 19:42that my doctor sent me to a neurologist
- 19:44and I was being evaluated and stuff
- 19:46cause I was just really having a hard time
- 19:48and I mean I was never suicidal or anything
- 19:50but during that time one of my really good friends
- 19:52a top producing agent from the Central Valley
- 19:54she committed suicide and that really hit me hard
- 19:57and so with what I was going through
- 19:59um I
- 20:00it was just some really dark days
- 20:02I really was stunned by that
- 20:04suicide is one of the toughest things
- 20:05I've lost people close to me that way
- 20:07and it's been
- 20:07it's one of the hardest things for me to wrap my head
- 20:09around um
- 20:10it's just I struggle with that
- 20:11but uh
- 20:12I got to a point where it's like each day like look
- 20:15here's what you gotta do is go for a walk
- 20:17at least go walk around the block
- 20:19and then I get my notebook
- 20:21my checklist five things
- 20:23and my assistant at the time was like look
- 20:25let's just try and accomplish five things every day
- 20:27and get your walk in and so
- 20:29I got to the point where
- 20:30I was just putting five things on a notepad
- 20:32and doing this walk and that was like a successful day
- 20:35you can check off all five things
- 20:37you make your walk you're going the right direction
- 20:39but anyway fast forward last uh
- 20:42you know last year and a half
- 20:44I lost almost 60 pounds
- 20:46I got completely savage back into my workout sports
- 20:50everything else I um
- 20:52you know completely um
- 20:54you know
- 20:55got more well
- 20:57I always had good systems
- 20:58but really like with you know
- 21:00moving around personnel and really refocusing
- 21:02the direction I was going
- 21:03got really set up and started uh
- 21:06ramping up production um
- 21:07you know I'm not one to brag about myself
- 21:09but in June last year
- 21:10I was No. 10 in the country in production for EXP
- 21:14out of my little little county here
- 21:16you know which is yeah
- 21:17I closed 10.2 million last uh
- 21:20last June and um
- 21:22that was a real emotional win for me
- 21:24cause I was like I went through a lot of shit and to be
- 21:27and that's I mean
- 21:28that's the Mountain Top right
- 21:29you went from complete burnout right
- 21:33obviously you had the health stuff
- 21:34didn't know uncertainty
- 21:37complete restructuring of your business
- 21:39meanwhile you're getting
- 21:41you know
- 21:41a multiple seven figure loss from another business
- 21:45and you're you're sitting there looking around like
- 21:48what do I have right
- 21:50and out of the 10.2 million
- 21:53I'm sure that 95% of it
- 21:56if not 100% was based on those relationships
- 21:59that you did keep that you did hold on to right
- 22:02that were positive influences um
- 22:05as you go so from complete burnout
- 22:07I mean health
- 22:08obviously in a hospital bed
- 22:10helpless in your living room to
- 22:13you know probably 2
- 22:142 years from that time frame to be No. 10 out of
- 22:19you know 90,000 agents for us is 72
- 22:23but yeah we have 90,000 agents yeah alright
- 22:26yeah no
- 22:26you well
- 22:27that was a real emotional win for me
- 22:28like that was just a big that was like the first like
- 22:31you know what I can do this
- 22:33I'm gonna be fine and uh
- 22:35and it was around that time that people around me
- 22:38saw me and what I was going through
- 22:39and I started getting invited
- 22:41instead of like these top producer speeches
- 22:43to talk to people about like motivational speaking
- 22:46which I never thought I'd be that guy
- 22:47but to get on stage in front of people and talk about
- 22:50come back from cancer adversity
- 22:51tough times and it's interesting
- 22:53I got choked up the first couple times
- 22:55I had a hard time being vulnerable
- 22:57like I could go in front of 10,000 people right now
- 22:59and talk about production all day long
- 23:00I have no problem being in front of people and talking
- 23:03but man to have to like talk about your situation
- 23:06be vulnerable it almost takes you back
- 23:08and it's it's hard
- 23:09but I've
- 23:10I noticed that I've inspired and connected with more
- 23:12people during those talks
- 23:14than any other thing I've ever done in my life
- 23:16which has LED me to also try and be more
- 23:18vulnerable on social media
- 23:19which I don't really I'm not very good at social media
- 23:22and I'm also not very you know
- 23:23I I just haven't put a lot of personal stuff on there
- 23:25so I've been trying to be better about
- 23:27just being more vulnerable
- 23:28cause I realized that you know
- 23:30if I'm always talking about being top producer
- 23:32most people can't connect with that
- 23:34they don't they can't see themselves there
- 23:37like they don't connect with you in that they think
- 23:39oh yeah this is he's like a unicorn
- 23:41that's like the 1% over there versus like
- 23:44everybody has struggles
- 23:45and what I've noticed is that this journey
- 23:48has helped me be able to get everybody together
- 23:52on the same page
- 23:52and be able to inspire and help everybody
- 23:54because everybody's been through something
- 23:56everybody's had hard times
- 23:57everybody can relate it's relatable
- 24:00and that was something that
- 24:01I never thought I'd be that guy
- 24:02and I'm so glad I can do that and help people
- 24:06yep absolutely
- 24:07and I think that that's a key point is okay
- 24:11so let's go back a little bit
- 24:13from the hospital bed to the five things
- 24:17what got you back you know
- 24:20what what were some of those five things that you
- 24:22saw on your list day in
- 24:24day out
- 24:25was it you know were you searching for something new
- 24:28were you searching for something
- 24:30on how to build a new business
- 24:31how to build it differently or
- 24:33or what what were some of those key
- 24:35you know cornerstones in that journey
- 24:37well the
- 24:38it was basically it was like learning how to walk again
- 24:41like I didn't have to change what I had
- 24:43cause what I had worked as
- 24:45we purge people
- 24:46and got rid of some people in the organization
- 24:47that didn't belong
- 24:48and we got rid of some of these other businesses
- 24:50we obviously had to do some reorganization
- 24:51so there was some tweaking of systems and such
- 24:53but honestly these five things were
- 24:56actually just action items
- 24:58to do a little bit of what my daily
- 25:01regular responsibilities were
- 25:03you know like one of them is okay
- 25:06you have your time block you know
- 25:08honor your prospecting follow up time blocks
- 25:10like that was one
- 25:11and one would be to like randomly like trying to um
- 25:15deal with the health insurance
- 25:17all that stuff was going on right
- 25:18and then also another common
- 25:20one was dealing with some of the accounting
- 25:22and finances from
- 25:23closing out and restructuring
- 25:24some of this stuff um
- 25:26and I mean essentially
- 25:27like each day when you have your to do list
- 25:29like these were
- 25:30some were like just punched like in your face
- 25:33like don't forget to do this
- 25:34that's on your calendar don't forget to do that
- 25:36make sure you do your walk
- 25:37but then there was just things that come up like
- 25:39hey today there's a deadline on this text thing
- 25:41or you need to talk to that CPA whatever
- 25:43but what they tried to so that
- 25:45cause I have this whole ADHD thing right
- 25:46like I never had been diagnosed
- 25:48even though I knew I was
- 25:49but the neurologist made it very clear
- 25:50when I met with him well
- 25:51you have a severe case of ADHD and
- 25:53you know working out in the morning is the best way to
- 25:55counteract that morning exercise
- 25:57which that made sense because I always had a routine
- 25:59and it would really help me be more dialed
- 26:01but the five items is just because
- 26:04can you imagine how much my mind was spinning
- 26:05being worried about everything
- 26:07being concerned about coming back
- 26:08being concerned about having a normal life again
- 26:10and just being able to recover from everything
- 26:12um so that's why there was a limit of five
- 26:15and that's why it was very simple
- 26:16very basic because I mean
- 26:19that's what it took to be able to focus
- 26:21and start putting one foot in front of the other right
- 26:23it's almost like rehab from a really bad injury right
- 26:26it's like when you rehab
- 26:27you can't like start sprinting on Day 1
- 26:29you have knee surgery or something and it's like okay
- 26:31you're doing this and this today
- 26:32and then maybe you're progressing to that
- 26:34and so it's kind of like rehab from an injury
- 26:36but for the business and for like life in general right
- 26:40and you're I mean
- 26:40you're removing the things that didn't serve you
- 26:42as you mentioned earlier you're
- 26:44you know completely botching a system
- 26:46that had worked and grown to incredible lengths
- 26:50a lot of people would say okay
- 26:53like
- 26:54should I do something else
- 26:55should I go back to all into the construction
- 26:58whatever it was but you said
- 27:00we're gonna completely revamp this
- 27:02and we're gonna build it you know
- 27:03brick by brick
- 27:04in a way that's going to serve me and keep me out of
- 27:09hopefully a hospital bed again
- 27:10due to you know
- 27:11stress levels and those kind of things
- 27:13so pretty incredible how that kind of kind of
- 27:18you know
- 27:18progressed and there's a lot of agents out there that
- 27:21you know maybe haven't sold a house or whatever
- 27:24and maybe that's your hospital bed right
- 27:27Shane was a very successful person
- 27:29and had all of that stuff
- 27:31and then got shut down like that
- 27:33but he was at zero right
- 27:35he was at zero not to mention
- 27:37he's getting stolen from over here
- 27:39and all of the things
- 27:40he's at zero and he built it back up to No.
- 27:4210 in the US which
- 27:44probably was your best month in your entire career
- 27:48it was up there it pretty much rivaled
- 27:50it rivaled that cause
- 27:51our prices have gone way up over the last five years
- 27:53so we've appreciated a lot my
- 27:55you know when I was selling Oreos in 2012
- 27:58my median home price was 220,000
- 28:01now it's 1.8 million
- 28:03so you could see that when you say best month
- 28:05well yeah
- 28:06with the appreciation and everything yeah
- 28:08anytime you can you know
- 28:09do you know I mean
- 28:10look
- 28:11that was a quarter million dollars in gross commission
- 28:13any anytime I exceed 200,000 in a month
- 28:15it's a really good month honestly
- 28:16and so that was that was definitely up there
- 28:20probably the top three for sure
- 28:22after a complete reorganization
- 28:24right quick
- 28:25quick transition so um
- 28:27and then talk to me about how
- 28:29I mean do you still do the five things
- 28:31or have you transitioned into more of a
- 28:34a different model
- 28:35as far as showing up and being consistent with
- 28:37with that prospecting cause that's the big thing
- 28:40what he did mention is that
- 28:41he got back to the traditional prospecting
- 28:43what he was used to so
- 28:45you know how did you
- 28:47transition from just those five
- 28:49to where you're at today so quick side note
- 28:52so just for like so you
- 28:54this is where in the future
- 28:55you can even smack me if you see me doing this
- 28:57but the
- 28:58being like a soul producing agent and being successful
- 29:02that's how I've lived my whole career
- 29:04these like Segways these are people that come to me
- 29:06cause I'm such an entrepreneur
- 29:08hey we should do this store
- 29:09or we should do this or we should that
- 29:11like I don't I don't come up
- 29:12with these ideas like I'm like
- 29:14I need to just stay here right
- 29:16but it's like almost like a shiny object
- 29:17oh yeah that'll be cool
- 29:18so it's like the real estate itself and what I've built
- 29:22that's very consistent
- 29:23where I mess up and where I gotta stay
- 29:25tunnel vision now is
- 29:26don't let me get into anything else now
- 29:28I just say no like I have to say no
- 29:31because you know what it is
- 29:31when you're such an entrepreneur thing right
- 29:33so what I'm back to doing now is
- 29:36you know construction
- 29:37all of a sudden start becoming kind of a distraction
- 29:39because we mainly have it
- 29:41because my contractors that I've always worked with
- 29:43they can't quite keep up with the demand
- 29:45on how much we need done on our properties
- 29:47so I got my license and I have a crew
- 29:49but because there's such a shortage of contractors
- 29:52and people know the kind of work I do
- 29:54they love the houses how we fix them up and everything
- 29:56we're starting to get sucked into doing work for
- 29:58past clients and other properties
- 30:00now when we help a client buy a house
- 30:02because we have the warehouse
- 30:03and the furniture and all that
- 30:05you know and good designer
- 30:06we'll actually stay
- 30:07we'll set them up as our second home Airbnb
- 30:09so like we have one right now that we just closed on
- 30:12that I'm gonna do a quarter million dollar remodel on
- 30:14then we're gonna completely furnish and stock it
- 30:15so it's a second home Airbnb for them
- 30:17so it's like I'm already like being cautious
- 30:20because what I did keep is already becoming a lot
- 30:23so I'm being smarter
- 30:24about bringing in the right personnel
- 30:25but I'm not letting myself get outside of that
- 30:28so on the daily
- 30:29my focus is supposed to be 90% real estate
- 30:33and I have my time blocks
- 30:34cause like you I manage sphere
- 30:36I mean my prospecting time block is only an hour a day
- 30:40and then my staff all have their duties
- 30:41like
- 30:42each of my assistants has their role in what they do
- 30:45right so and I mean
- 30:47at some point if you want to discuss that
- 30:48I'm happy to share about what everybody does as well
- 30:50but so yeah
- 30:51so I'm at a point now where I'm 100% back on track
- 30:57there's still been some tough times financially
- 30:58over the last couple years
- 31:00you know sometimes that becomes
- 31:01you know
- 31:02a big impact on having to spend time focusing on
- 31:05you know better cash flow management and
- 31:08how to deal with all that
- 31:09and then we our CPA and bookkeeper retired last year
- 31:11so it's like look
- 31:12life continues to happen so there's things that yeah
- 31:16so we've we've continued to like
- 31:18have to go through that kind of thing as
- 31:19and as I've closed the book
- 31:21on a lot of these other businesses and such
- 31:22you know it takes a couple years to kind of
- 31:24just get things all squared away
- 31:26so um
- 31:26I really just
- 31:28try to be very good about honoring the mornings
- 31:31so I put my phones on
- 31:32do not disturb from eight thirty PM to 8:00am um
- 31:35I try to get enough sleep
- 31:37for me if I can get six and a half hours
- 31:38that's a win
- 31:39I've been not doing the best in that department
- 31:41getting up in the morning between 5:30 and 6
- 31:44getting in a good workout
- 31:45whatever it is that you know I'm gonna do that day
- 31:48I'm right now I've been doing a little sciatic injury
- 31:50so I haven't been able to run
- 31:51they've been making me just do the bike
- 31:52and other things and so
- 31:54cause I love going before sunrise
- 31:56that's one thing that happened
- 31:57with my recovery from all this
- 31:58is I love being out there
- 31:59even if it's 37 degrees in the morning in the winter
- 32:02I love being on the beach before sunrise
- 32:03like I had
- 32:04like such a spiritual breakthrough back in January
- 32:07actually on the beach before sunrise
- 32:09that just became a thing for me
- 32:11two to three times a week in the morning
- 32:12so like
- 32:13the mornings is my only time I'm gonna have to myself
- 32:16so I really try to exercise and be with myself
- 32:18from when I wake up till about seven
- 32:20then I just do like breakfast
- 32:21whatever get myself ready to go
- 32:23so I can really hit the pavement by 8:00
- 32:25and when I say the pavement
- 32:26not necessarily you know
- 32:27I mean just just hit work right
- 32:29and so yeah
- 32:30and so yeah that's
- 32:31I mean it's that's pretty much
- 32:33I mean the morning routine is the most important to me
- 32:35and then trying to get that sleep in and
- 32:37you know just taking better care of myself
- 32:40that's the focal point and then throughout the day
- 32:42I have my time blocks and what I do
- 32:44and what my team does
- 32:45and we're constantly trying to get more efficient
- 32:47trying to actually bring a little more technology in
- 32:50without losing that personal touch
- 32:52so you know
- 32:53I don't I don't envy your
- 32:54your team
- 32:56ha ha who's in charge of the tech
- 32:58just kidding ha ha yeah
- 33:00no no
- 33:00we're good but well hey
- 33:02but they always say hire to your weakness right
- 33:05so absolutely you can talk to anyone
- 33:06of my assistants is really good with technology
- 33:10super organized and very calm
- 33:12see I'm high strung
- 33:13they're all calm all of them
- 33:14we balance so well
- 33:16because I'm the one that's like up here
- 33:17and everybody else is just like
- 33:19they're so mellow they're so nice
- 33:20like all of them
- 33:22they'll probably watch this and they'll agree with me
- 33:23like they're you don't think you're nice Shane
- 33:26I'm just kidding I'm just kidding
- 33:27what I'm saying is that like
- 33:28I guess nice might not be the right word
- 33:30but the here's the thing is
- 33:32because I'm so high touch with customer service
- 33:34and our clients have interface with my team
- 33:36like I'm very like you know
- 33:38I'm that's my number one customer service
- 33:40taking care of clients
- 33:41and so when I talk about having these calm people
- 33:43they're very techy not to knock engineers
- 33:46but
- 33:46I'm not trying to have these engineer personalities
- 33:47that don't want to talk to people
- 33:49what I'm trying to say is that they're nice
- 33:50being that they have social skills
- 33:51they enjoy interfacing with the clients
- 33:54they're just a lot more mellow
- 33:56and then they have strengths that I'm weak at
- 33:57which is a very good balance perfect okay
- 34:00so as we wrap this up advice for other agents
- 34:05give me two sentences if you
- 34:08you know have an agent coming to you
- 34:11asking you for general advice
- 34:13to get into the real estate industry
- 34:15or scale their real estate business
- 34:17what what are you gonna
- 34:18where are you gonna go well
- 34:20first of all like
- 34:22I'm gonna be the first to be guilty of being Mr
- 34:24Instant gratification like I want the deal today right
- 34:28and I've always been like
- 34:28I want it today
- 34:30and I actually had to pace myself in a lot of phases
- 34:32even with weight loss or anything else
- 34:35just a little bit
- 34:35each day is progress and it'll make a difference
- 34:38I'm not patient with that right
- 34:40so I've had to read books like pound the stone
- 34:43the Compound Effect Chop Wood
- 34:45Carry Water like dude
- 34:46I have these books in audible
- 34:47and I will re listen to them because even now
- 34:50it still messes with me
- 34:51so the reason I'm bringing that up is because um
- 34:54you can have big goals and you can get there
- 34:58but you have to be willing to commit
- 34:59to do a little bit each day
- 35:01and actually commit to doing a little bit each day
- 35:04obviously everybody always says this
- 35:05I hear this all the time but treat it like a business
- 35:07like actually set up a schedule for yourself like
- 35:10you know it's not just you know
- 35:11cause there's people that come in real estate
- 35:12they just want to do the social aspects or whatever
- 35:15or maybe they kept their day job
- 35:16they want to get into real estate
- 35:17but then they're just not putting any time into it
- 35:19so I would say that you have to put your time in
- 35:24and another thing where I kind of failed up front too
- 35:27even though I started with a sphere and everything
- 35:29up front I was not good about building a database right
- 35:32and getting client reviews
- 35:34like
- 35:35literally letting everybody know that you're licensed
- 35:37when you get your license
- 35:38and literally like just making the world know
- 35:41reaching out to everybody
- 35:42and actually building your database
- 35:44you have to do that day 1 like that is so valuable
- 35:47and then the other thing is having a mentor or a coach
- 35:51like as as much as I'm self built or self designed
- 35:54whatever I've
- 35:55taken a little bit from each of the coaches
- 35:57and people I've worked with
- 35:58so like
- 35:59my sphere and the way I manage it and everything else
- 36:01like there's different companies
- 36:03and different coaches I've worked with
- 36:05that have helped me
- 36:06where I've taken things that work for me
- 36:08and I've put them with my ideas
- 36:09I've also created some of my own ideas
- 36:11but it's like you
- 36:12you have to like instead of reinventing the wheel
- 36:15like sure there's the basics that we tell you to do
- 36:17but then go find someone that
- 36:20that you look up to that models what you wanna be and
- 36:23and go learn from them because they've already done it
- 36:26instead of reinventing the wheel
- 36:27so I think that those are probably
- 36:29the three basic things that I would encourage would be
- 36:33like I said a
- 36:34you know obviously treat it like a job
- 36:37commit to the time and the time blocks
- 36:39and actually working on it every day
- 36:42regardless of the results
- 36:43like pay your dues every day like keep going yeah
- 36:46keep going like you're not seeing results yet
- 36:48but keep going keep going
- 36:50and then building the database
- 36:51letting everybody know and then getting like the right
- 36:54you know
- 36:55guide it doesn't have to be go pay for a coach
- 36:57it could be even like on YouTube
- 36:59or it could be someone you look up to
- 37:00it could be going to a conference
- 37:01reach out to like one of us like Agent Jeremy
- 37:04that's that's what we do
- 37:05we spend a lot of time with that yeah
- 37:06I spend a lot of time with agents
- 37:08yeah well
- 37:09and here's the other thing too is that
- 37:10you know sometimes agents like well
- 37:11you never really reach out to me whatever
- 37:13well you know what
- 37:14there's only so much of me to go around
- 37:15like
- 37:16I will give time to those who are putting in the work
- 37:19like when you're gone for six months and you show up
- 37:21all of a sudden hey
- 37:22you know I kind of want to do real estate
- 37:23then you disappear again that doesn't work
- 37:25but for people that are like that
- 37:26reach out one time if they're working hard and
- 37:29and you know
- 37:30I I feel like it's worth investing the time
- 37:32and helping them I'm always happy to help
- 37:34but yeah
- 37:34you don't have to go like super high in professional
- 37:36pay thousands of dollars
- 37:37I mean you could always look to well yeah
- 37:38I feel like our time is valuable
- 37:39but you know what I mean YouTube University baby
- 37:41and right there that is Shane Carvalho
- 37:43three sentences uh
- 37:45that took over four minutes to explain
- 37:47just kidding ha ha ha ha ha ha hey
- 37:50so Shane I know you're talk
- 37:52I know you're getting ready to
- 37:54launch an agent facing YouTube channel
- 37:57so where can people connect with you
- 37:59where can people reach out to you
- 38:01um and yeah
- 38:02where's the best place yeah well
- 38:04I mean honestly
- 38:05where I do a lot of interaction
- 38:08especially with agents is on Instagram and um
- 38:11you know you got my handle and then
- 38:13you know as far as YouTube um
- 38:15I'll uh
- 38:15I'll send you the new handle for the agent facing but
- 38:18um basically I
- 38:20I wanna be really active I
- 38:22after all these years YouTube's never been
- 38:24something I put a lot of energy into
- 38:25I want that we have like property videos and stuff on
- 38:27but I'm fully gonna actually start putting
- 38:30you know content out there
- 38:31I mean all this experience has to be let out
- 38:34you know like
- 38:35can't believe I waited all these years and not done it
- 38:37but uh
- 38:37I'll I'll set you up with that link as well
- 38:39so we'll be good one yeah
- 38:40we'll put all the links in the show notes Shane
- 38:42thank you so much for your time um
- 38:45excited to see what the future holds
- 38:47and we'll see you at Expicon in Miami buddy
- 38:50yeah man
- 38:50thanks so much Jeremy yeah we'll see you next time