Latest / Real Estate for Real Life / Episode 15 • No Call Goes Unreturned: How Scott Kriss Built a National Real Estate Law Firm
Transcript
- 0:00On Real Estate for Real Life podcasts, we sit down with
- 0:02standout business leaders to unpack what's actually working.
- 0:06How they scale, lead teams, win clients and build businesses
- 0:10that last. We're your hosts.
- 0:13I'm Courtney Gauchman. And I'm Ryan Wilson.
- 0:15Thanks for tuning in. Welcome.
- 0:17Today we have Scott, Chris from Chris Law Atlantic closing
- 0:21escrow and affiliates. Thanks so much for joining,
- 0:24Scott. You almost got it right.
- 0:26Yeah, I was about was close. I think it was close.
- 0:28I think I nailed. It's a long name.
- 0:29It's a that's a big intro, a big intro for one of the biggest
- 0:33residential real estate attorneys in the whole nation.
- 0:36Congrats on that man. Thank you.
- 0:38That and 5 bucks get you a lousy sandwich, you know.
- 0:42Thank you. Thank you for having me.
- 0:43Yeah, of course, we're pumped to have you.
- 0:45We're excited to have you. Obviously, we know you and we're
- 0:48incredibly lucky to be neighbors with you, basically, right, One
- 0:52of the biggest closing companies in the nation, and we get to
- 0:56talk to you all the time, learn from you and actually
- 0:59collaborate with you in business.
- 1:01And vice versa. Just, you know, in
- 1:03entrepreneurship as well, too. So we're looking forward to
- 1:06getting into a conversation and diving into things that we don't
- 1:09even know as well as we'd like to.
- 1:11We want to hear more of the story of how you've built this
- 1:13massive firm and what kind of paths and the steps that you've
- 1:19taken to do this. The right hires, the wrong
- 1:22hires. We want to learn everything
- 1:23about how you've been able to get to, what, 230 employees and
- 1:2750 states in the US. Just a kid from Rhode Island
- 1:32going to U Maine and now dominate in the world.
- 1:35I don't know about that, but you know, I first of all thank you
- 1:38guys for having me and I can already tell how much better
- 1:40Courtney is at this than Ryan. It's the way this.
- 1:44Works night and day. Apart from the course.
- 1:47You know, there's no secret. People are always like, how did
- 1:49you build this? It's what we do is still very
- 1:54analog. It's this, you know, like Ryan
- 1:57is a big reason we are where we are.
- 1:59Relationships like that because I think what we've done, other
- 2:03than being very consistent and consistency is a word I'm sure
- 2:06I'll use a bunch, is relationship development and you
- 2:11become friends, you know, like I know Ryan's kids.
- 2:13I know his wife, another person who's better at most things than
- 2:17Ryan. But you know, and that's really,
- 2:20there is no secret, you know, it's just hard work.
- 2:24Every single day the same thing. And I find that the people,
- 2:28whether in real estate, mortgage in any industry, and I was just
- 2:32with some guys last night who I was telling you guys sold a
- 2:35pretty big tech company. They're just consistently
- 2:38working hard. And you know, the phone rings,
- 2:41you answer it. And I've heard you say before,
- 2:43you know, you talk about different things, you can always
- 2:45get a response and that's it. That's really what it comes down
- 2:49to, being consistently responding, consistently being
- 2:51there for your clients. I don't care what industry it
- 2:54is. That's a, you know, that's what
- 2:56we've done. And there's no secret sauce
- 2:58whatsoever in my opinion. I remember when when you
- 3:01started, I don't know if this is a tagline or what, but it was
- 3:03like no call goes unreturned. And that is facts with you guys
- 3:08because you know, obviously you got the some of the best
- 3:10attorneys in the industry, but you also got people that are
- 3:12willing to, you know, work hard and actually respond very, very
- 3:15quickly cause time matters in this business.
- 3:18And in our business, I mean it's changed a lot over the years.
- 3:20I'm sure we'll talk about it, but I've always been very
- 3:24focused on my staff being really awesome as opposed to, you know,
- 3:29people have just hired attorneys and high and great attorneys and
- 3:32what we do are important. I'm going to tell you probably
- 3:34it's less important than the staff and the paralegal staff
- 3:38and the people doing all the behind the scenes things and
- 3:41answering the phone. That's what makes customers come
- 3:44back. If the attorney is involved for
- 3:45a finite period in the transaction, as opposed to a
- 3:48paralegal, let's. Say, well, I'm glad you
- 3:51mentioned that about the staff, right?
- 3:52Because you just said there's no secret sauce and that it's, you
- 3:56know, relatively simple in terms of consistency.
- 3:59But what's interesting about that is with 230 employees,
- 4:02essentially you had to actually be able to set some sort of tone
- 4:07and then create a company culture that everyone else is
- 4:10the same way, consistent, no call goes unanswered, that type
- 4:15of, you know, commitment that you're hiring for.
- 4:18And that's something that takes a massive amount of skill.
- 4:20That's not easy to have that trickle down effect and make
- 4:23sure that the people you're hiring also have the same.
- 4:25I think I've made lots of mistakes.
- 4:27Hire their own people a lot of the times handle things poorly
- 4:30for a long time. I mean, I was a kid when I
- 4:32started, you know, I was 20, 26 maybe when I first opened my
- 4:35doors with one other being. I was by myself basically.
- 4:39So you learn a lot and I think I've hired, I've hired the right
- 4:42people. Like my COO is basically like my
- 4:45right hand person. You know, the world has changed
- 4:48since 2020 when a lot of our growth has actually occurred or
- 4:52the most recent growth has occurred.
- 4:53Not everyone's in the office. We have people who have been
- 4:55working for us for five years. So I don't know.
- 4:58So while I think maybe initially I was the culture tone setter,
- 5:03it's other people now that have learned and, and in a lot of
- 5:06ways they don't want me involved in the culture anymore because I
- 5:10mean, at this point I'm, you know, almost 50.
- 5:13It's hard for me to relate to a 25 year old clerk in the office.
- 5:16I try I'm, I'm super friendly and people will often times
- 5:19actually think I'm like the janitor when I walk around.
- 5:22So I wear like sweatpants and stuff.
- 5:23It's. One of the best, best stories
- 5:24ever. Is it the outfit or?
- 5:26Yeah, I mean, not this, this is actually I dressed up, but like,
- 5:29I've actually had people come up to me in the office and be like,
- 5:33Oh yeah, yeah, the leak is over there and I'm just like, oh, OK,
- 5:36I'll do it. Whatever.
- 5:37That's fine. Favorite was when the guy asked
- 5:40you like hey the the water needs to be refilled over there in the
- 5:42kitchen. Yeah, it's like, great, I'll do
- 5:44it. And I still that.
- 5:45And that's probably the other thing, like if there's a copy
- 5:48that needs to be made or what you just, we're still a small
- 5:51business, even though maybe to the outside world we look like
- 5:54some kind of big business. We're small, tiny little
- 5:57business in the in the grand scheme of things.
- 5:59And you still you do whatever you have to do to make sure it
- 6:04survives and prospers. Yeah, there's, there's no one in
- 6:07the business that I know that works harder than you.
- 6:09I appreciate and and you don't sometimes, you know, when you
- 6:13have that type of business, you don't have to.
- 6:14A lot of times people put the foot off the gas.
- 6:16And one thing I'm really intrigued to hear about is not
- 6:20only have you not taken your foot off the gas, even though
- 6:22you've had many successful decades, but you're growing.
- 6:27And one of the ways you're growing is through mergers and
- 6:30access, which which we've seen online.
- 6:32And that's super exciting. So tell us, and I want to hear
- 6:34about the beginning story as well.
- 6:36We'll come back to that. But tell us kind of how that has
- 6:39transformed in in what are you doing there?
- 6:41So I'd say for the 1st 15 to 17 years of the company I was all
- 6:46about, we're going to do this ourselves.
- 6:48We don't need to hire you or acquire you.
- 6:51We can do it better. We can we can take the business
- 6:54if we want it. That was always very insulated.
- 6:58So in at the end or during the pandemic when literally I was up
- 7:02all night running titles trying to get, I mean, it was record
- 7:06volume, you know, rates from the twos.
- 7:08We don't, we know that whole story.
- 7:10I got to a point where I was like, I can't, we, we've hit a
- 7:12wall, we've hit a ceiling. I can't continue to do this,
- 7:15whatever it may be. So I actually sold off a piece
- 7:18of the company, the title piece of the company or a portion of
- 7:22it to a private equity firm because I looked at it and said
- 7:25if we're either going to sort of stay at this level or we'll
- 7:28grow, we may have hit our ceiling locally.
- 7:31So we need to look more nationally.
- 7:33So that ended up being a very big learning experience.
- 7:36So I brought in this capital, brought in some help, had a
- 7:40board at that point, which, you know, I actually ended up taking
- 7:43the company back over from the, from the, from the PE firm, bad
- 7:48market. They didn't have an appetite for
- 7:50it, which often happens in these investment scenarios.
- 7:53But I kept my board. So now I have these guys who,
- 7:56one of one of my board members is in the foreclosure business,
- 8:00biggest foreclosure shop in the country.
- 8:02So he's got a really interesting look at the industry.
- 8:06And then my other board member is he knows nothing about our
- 8:09industry. He's learned, but he was on the
- 8:12board of Verizon. Really smart guy.
- 8:14These guys were way smarter than I am.
- 8:17But I've never really had anybody who I can go to and say,
- 8:20you know, hey, what do you think of this?
- 8:21And part of this was like, you can't grow organically anymore.
- 8:24You need to acquire other people, at least talk to them.
- 8:28So that opened my eyes a little bit.
- 8:30You know, we've had successes, we've had failures, we've had
- 8:33sort of, you know, we look, we look at it is like AC plus in
- 8:36some of these acquisitions. But at the end of the day, you
- 8:39know, it's all about growing, growing, growing and, and
- 8:41growing market share. And so I, it was a really
- 8:45interesting for me because I was always like, I don't want, I
- 8:47don't need you, I don't want you.
- 8:48But it turns out we really do. We really need these people
- 8:51because everyone looks at things differently and you know, it's
- 8:53been an eye opening. That's cool.
- 8:55Yeah. It's also, I mean, they've built
- 8:58a business themselves, right? So these smaller firms, they've
- 9:00built a business based on their secret sauce or whatever it
- 9:03might be. And in order for you to actually
- 9:05tap into their book of business, you kind of need their skill
- 9:09set, right? So I think that's what's so
- 9:11interesting about acquisitions. The, the, the piece that I
- 9:15cannot not always wrap my head around is kind of how do you
- 9:18then let them stay good at what they were doing in order to keep
- 9:22their clientele, however also merge into your company and take
- 9:26on some of the, you know, Chris Law type of aspects of it.
- 9:31It's the hardest part and it's, it's really, you know, it's
- 9:35interesting that you point that out because it's what everyone
- 9:38struggles with when they're trying to merge cultures,
- 9:40especially. We're really fast-paced.
- 9:42We have to because we do a lot of volume.
- 9:44And so you maybe have a another, you know another person who did
- 9:48things differently thing we learned right up front when we
- 9:51really started upping our acquisitions, our first real
- 9:54acquisition was back in like 15 ish.
- 9:58And then once we you know, sort of grew again and mark it up to
- 10:02mark it down, our first sort of big acquisition after that we
- 10:07really tried to jam a square peg in a round hole.
- 10:10We're like, you're going to do it this way, even though it was
- 10:12different geographically, totally different culture.
- 10:16And after a while we were just butting heads and it wasn't, it
- 10:19wasn't productive. You know, do do those people
- 10:22still work in the way I would like them to or the way I do
- 10:25know? But I've realized I'm not going
- 10:27to change that. They are what they are.
- 10:29You know, we try to give them all the tools we can,
- 10:31technology, whatever it is, but you can't, you can't jam it.
- 10:35And we're going through right now, you know, we, we added two
- 10:37firms or two groups as of January 1 this year.
- 10:41It's been pretty smooth because geographically they're close.
- 10:43And, you know, we've learned a lot from other acquisitions, but
- 10:47we still have things where, you know, we, you know, like at this
- 10:50point, our, our finance system is pretty for me anyway, 'cause
- 10:54I'm a sales guy. I, you know, I'm, I'm, I'm, I'm
- 10:57looking at P and LS as much as I know to be dangerous.
- 11:01And so, you know, we're looking, and some of these companies
- 11:04never had a formal PNL. So now they're like, well, what
- 11:07do you mean? This is what do you mean?
- 11:08We lost $10,000 last month. And it's like, well, you did the
- 11:11numbers don't lie. And so it's, it's definitely an,
- 11:14an adjustment period, but the goal is that you bring all these
- 11:17people together. To get back to your question,
- 11:18Courtney, you bring all these people together and what you're
- 11:21really doing is taking off the admin stuff.
- 11:23Because if you're just a, you know, a closing attorney with 10
- 11:26employees, you're, you're doing everything, you're doing payroll
- 11:31manually, you're, you know, paying taxes, you're, you're a
- 11:34paralegal some days, whatever it is.
- 11:35So to us, it's always been, if you can sell and you can bring
- 11:39in the business, then that's what we want you to do.
- 11:41And that's the rarest commodity is being able to sell, not
- 11:44unlike, you know, you can find people to do the other stuff.
- 11:48But if you can sell, then we bring you in and we just want
- 11:50you out there selling, going out and speaking our gospel and
- 11:53selling our product. And then you bring it back, you
- 11:57bring the business and we'll handle it.
- 11:58We'll make sure you don't have to worry about it.
- 11:59We'll get the deals closed. Is it always smooth?
- 12:01Absolutely not. But really their best use, We
- 12:04want them doing that. And as a small shop, you can't
- 12:07do that. So with that being said, right,
- 12:09because that's definitely good information, what are the most
- 12:13important things that you need to see them transition into when
- 12:16you take over a company, right? Like what are some of the top
- 12:19tier priorities that you're like, OK, if they can do this
- 12:22and this, then we can actually work cohesively together, but
- 12:25it's OK if they don't do something else.
- 12:27So honestly, it's it's getting them comfortable with not being
- 12:30so involved in their files. Like it takes a while to get to
- 12:34a point where like, you know, our paralegals make their
- 12:37definitely the highest paid in the industry on the East Coast
- 12:40for sure. I don't know about other parts.
- 12:42You know, California is always sort of, you know, analogous to
- 12:44us or the West Coast. It's letting them do their job
- 12:48and not micromanaging them, which they've had to do.
- 12:51Maybe because, you know, our paralegal who with bonus is
- 12:53making $250,000, they're paralegal maybe was making
- 12:56$80,000. And you know, they're not going
- 12:59to be as committed. They're not going to be, as, you
- 13:01know, don't have the same level of experience.
- 13:03No knock on those people. It takes a while to sort of get
- 13:06that. And paralegal and staff is so
- 13:08important and what we do that you know it, it really takes a
- 13:12while for people who comes like, oh, I don't need to worry if the
- 13:15CD went out. I don't need to worry if there's
- 13:17questions on XY and ZI know this person.
- 13:21So I can take my time away from the office and go take people
- 13:24out to play golf, take people out for lunch, whatever, maybe.
- 13:27And selling. Right.
- 13:29It's, it's similar to us with the team.
- 13:30It's like the more you can take off a salesperson's plate, an
- 13:33attorney's plate, an agent's plate, the more you can take up
- 13:35off from an admin, operations, marketing biz dev, whatever it
- 13:39is. If you can take as much off that
- 13:41plate then they'll have more time to sell and do what they're
- 13:44good. At and I've got another point
- 13:45now and you know, I'm pretty honest to a fault, you know,
- 13:48it's in a business setting, especially I've said to be worth
- 13:50talking to. If you don't think you can pull
- 13:52back, this doesn't make sense because you're going to give up
- 13:56some of your revenue for this help.
- 13:58Now obviously you have a lot that the hope is that you have a
- 14:00lot more equity and you know, at some point we'll, you know, take
- 14:04another investment and and that's a big point of the whole
- 14:07thing is we're going to continue to grow taking on money on the
- 14:10national side. You know, obviously the attorney
- 14:12side is very different as far as, you know, selling part of
- 14:17the company. But we're giving these people,
- 14:20you know, this sort of ability to really, first of all, access
- 14:25to institutional funds, which is it's a crazy business and
- 14:29process that you're just never going to get being, you know, a
- 14:33closing shop in Massachusetts, access to all these other areas,
- 14:37all that stuff. But you know, if that's not what
- 14:39you're looking to do and it doesn't make sense because you
- 14:41are going to be giving off some of your revenue, right, in
- 14:43exchange for that. That's, that's a really good
- 14:45point because it's similar to even, you know, if we bring on
- 14:47an experienced agent, we do try to set the stage that it's, you
- 14:51have to be really comfortable letting go of some of the
- 14:54control, right? And some entrepreneurs that have
- 14:58been doing their own thing for so many years, I mean, had had
- 15:00success. It's really hard for them to
- 15:02learn how to pivot and how to start to like ease up on all the
- 15:06facets of the business and start to just focus on the thing that
- 15:09they're really the most talented at, right?
- 15:11But but I do think that that's how you actually grow.
- 15:14That's how you succeed. And it's also how I think you
- 15:16can just get a much better balance.
- 15:18People always say work life balance and it's like, there's
- 15:20really no such thing. But what it boils down to is if
- 15:23you're doing the thing that you're the best at and the thing
- 15:25that comes the most natural for you, then it actually is more
- 15:27balanced because you're not forcing it in other areas of
- 15:30the. Industry and for some people and
- 15:32I've learned this, you know, for me and my business, it's always
- 15:35been about the bottom line all like I'm show up every day and
- 15:39I've made great friends. I love the people who have I
- 15:42mean some of my staff I've worked with for over 20 years
- 15:44now, we're basically like family the other day.
- 15:46It's all the bottom line so I can put food on the table, you
- 15:49know, pay for college, my all these things that we all think
- 15:52about. There's some people who don't
- 15:53think like that. They're in it for they really
- 15:55enjoy the business, they really enjoy the legal part of it or
- 15:59they really enjoy whatever it is.
- 16:01So their bottom line doesn't matter as much.
- 16:03That's not a fit for us. And we've just sort of learned
- 16:05that. And so we'll say it up front,
- 16:06you know, if, if having your name on the door and being, you
- 16:10know, XYZ laws, the thing or XYZ title, great, do it.
- 16:14That's not what we're looking to do here.
- 16:15We're looking to, you know, make your life work life balance,
- 16:19weird term for me, but we're, we're, we're looking to make
- 16:22what you do everyday the best thing you do, like you said, and
- 16:26to make sure you're maximizing your compensation.
- 16:29That's not everybody and that's fine.
- 16:30But I didn't realize that for a long time because I, you know, I
- 16:33thought everybody sort of thought the way I did.
- 16:35And it's especially with it when attorneys are involved, there is
- 16:39something, the fact that a lot of attorneys love being
- 16:41attorneys. A lot of those attorneys, their
- 16:42parents were attorneys. And it's a thing.
- 16:44I can't relate to that. I it's just not my thing.
- 16:47But I do get it now more so. As you're going through that
- 16:49process, interviewing and deciding, running the numbers,
- 16:52like does this make sense to bring them on?
- 16:53And clearly it goes both ways. Like there's a huge ego part
- 16:56because you're you're, you're you're trying to pull these
- 16:59people that have run their own firm, their names on the door.
- 17:02How do you determine upfront like because I mean, I don't
- 17:05know anyone, whether it's in real estate or law that's going
- 17:07to say no, my egg is too big for this to join the company.
- 17:10But obviously we know that's the case.
- 17:12How do you determine that upfront in the process?
- 17:15I think you figure it out, you know, these processes.
- 17:18That's the other thing that's interesting when you're when you
- 17:20start to talk to these people and sometimes it happens
- 17:22organically. Sometimes I reach out, sometimes
- 17:25we'll have a, you know, a buy side banker who will be looking
- 17:29for these different opportunities, especially
- 17:30outside of this area. It's really you, it's a long
- 17:35process. You know, you have an
- 17:36introductory call, you sign an NDA, then you start to get the
- 17:41financials, start to work through them.
- 17:43I already told you, I'm not reviewing financials.
- 17:45You know, I can see the top line, bottom line, but I have
- 17:48one of our finance people really get into it.
- 17:50And then then the personality. So if the numbers work, then it
- 17:53becomes a personality thing, a cultural thing.
- 17:56And I try to tell people, you know, when you join us, when,
- 18:00when the ink is dry, probably some of your people are going to
- 18:04leave. They're not going to they're not
- 18:05going to want to go through our system.
- 18:07They might find, you know, they may not.
- 18:09And we just saw it actually an acquisition we lost.
- 18:12Somebody gave their notice recently and no one is happy
- 18:15about it. But they were just, it wasn't a
- 18:17fit for them working at a bigger company.
- 18:19They had worked at a very small company.
- 18:21And that's OK. And it used to bother all of us,
- 18:24myself, Susan, our COO, but now we're just like, OK, you know,
- 18:27there's, you know, for the most part, everyone's replaceable.
- 18:30You don't always like to do it, but you have to keep that vision
- 18:33moving forward in that consistency.
- 18:35This is the this is the format while also not jamming people
- 18:39into different roles that don't make sense.
- 18:40So a role that you know they might have prospered in might
- 18:44not work in our new system. So obviously we jumped into the
- 18:48mergers and acquisitions thing first good transition.
- 18:51I would, I would love to hear more about just kind of some of
- 18:55the successes you've had with, you talked about hiring your COO
- 18:59and how that was a huge piece of, of gaining you that ability
- 19:02to get momentum and scale. What are some other hires that
- 19:06have gone really well, hires that didn't make sense for you
- 19:09that you had to move on from and just in general, as you were
- 19:13continuing to build and grow? How did that path go for you?
- 19:16Was it just a steady increase like regularly?
- 19:18Did you have any setbacks? Setbacks can't even quantify the
- 19:22amount of setbacks tell. Us about those.
- 19:24Well, the, the first thing came to mind when he asked the
- 19:27question is some of my top operations people, and I'd say
- 19:31almost all of them have left and come back, which is interesting
- 19:35because it's so high pressure what we do.
- 19:38It's so such a time crunch. The emails, you know, some my,
- 19:42my paralegals, my senior folks getting 1700 emails a day, all
- 19:45that have to be responded to in some way.
- 19:47It's very high pressure. So a lot of times those people,
- 19:50my COO being one, she left. She was like, you know what, I'm
- 19:53going to, She was going to start a brewery with her husband and
- 19:56she went to go work for a smaller firm briefly.
- 19:58The brewery didn't work out, thankfully for both of us, I
- 20:00hope. And then she was at the smaller
- 20:03firm. And after a while, I was like,
- 20:04this is like, I've seen the way it's done on a grander scale.
- 20:08I'm sort of wasting my time here.
- 20:09There's no upward mobility. It's been really good for those
- 20:12people to see that. So they go to these other
- 20:14places. It's never easy.
- 20:16Like when Susan told me she was leaving, it was like the worst
- 20:19day ever. But then we slowly started, you
- 20:22know, talking again. And I had to change some things.
- 20:24It wasn't just the system. It was me to the way I was
- 20:27micromanaging and all the learning experience.
- 20:30So but when the people come back, just have an attorney come
- 20:32back who's very valuable to our team.
- 20:34So that's one of the things is you have to not.
- 20:38And believe me, when I was 26, somebody would leave and I would
- 20:41burn the bridge. Like, you know, I throw their
- 20:44stuff out in the street. Yeah, it's it's emotional.
- 20:47You have a, you know, the things your baby.
- 20:49So that's one of the big, one of the big successes when people
- 20:52come back. So I've learned to maybe be
- 20:54like, OK, right now, this isn't a fit, go see what's out there.
- 20:57And the people we've wanted to come back have generally come
- 20:59back. So that's one thing.
- 21:01Sorry to interrupt you but majority of the people that left
- 21:04and came back was their first job with you.
- 21:06Not their first job, but we're there for a really long time and
- 21:10the way I managed it when I was really involved in, and not that
- 21:15I'm not really involved now, but it is a little bit different.
- 21:19I was way too up their asses, excuse my language.
- 21:23You can edit that out, but wait. Just no.
- 21:25Just no cussing please. It's a very.
- 21:28I'm sorry, I'm sorry. I generally don't cuss only when
- 21:31I go to church, so. You know, so you step back.
- 21:35You had to learn to step back. I had to learn to just eat
- 21:37because easing off the gas makes people work a little bit better.
- 21:41Like they're doing the best they can.
- 21:43You know, if I have, if you're calling me and being like, hey,
- 21:46there's a problem, well, I'm going to react.
- 21:48And Susan will always say to me, don't overreact.
- 21:50Here's the and so even now I have to take a step back before
- 21:54I fire off that e-mail, call someone and believe me, I still
- 21:58fly off the handle because it's intense Intensity is a huge part
- 22:01of being successful. I think you have to take it
- 22:03seriously, which I do, step back a little bit and say, so that's,
- 22:06that's a victory. There's been, you know, there's
- 22:09been tons and tons and tons of failures.
- 22:12I mean, that's, there's way more failures and victories, but you
- 22:15have to persevere. I mean, there's been days, had a
- 22:19day recently where we had a problem and I was like, why this
- 22:21isn't worth it anymore? Why am I doing this?
- 22:23You know, it's so, but you just sort of wake up the next day.
- 22:26One thing I learned very early on, other than being consistent
- 22:28is as bad of a Monday as it was, Tuesday's generally better.
- 22:32You know, the next day you just sort of go home, go to sleep,
- 22:35you know, tune out, which I've gotten better at doing.
- 22:38And then so you'll learn to deal with the failures.
- 22:40But if you think you're going to be an entrepreneur or you're
- 22:43going to grow a business and it's going to be all roses, I
- 22:47mean, it's not even close. I love hearing you say that
- 22:50though, because obviously you know you have business skills
- 22:53that are natural, but then what you had to do over all these
- 22:56years that you've been in business is you had to actually
- 22:58have personal growth, right? All of that sounds like you've
- 23:01self reflected and then you've actually corrected certain
- 23:05things. Of course I.
- 23:05Don't think everybody's ever looked at me and said oh you've
- 23:08self reflected, but that's great to hear.
- 23:11You, you looked. You looked inward.
- 23:13I looked inward. Clearly there's so much stuff
- 23:16you must have gone on, I'm guessing like a yoga retreat of
- 23:18some sort. And you, really you, you spoke
- 23:21to God. And meditating every morning.
- 23:23So. And I don't think I do think
- 23:26there is some natural business go like Ryan is great with
- 23:29people. He's like everybody's best
- 23:30friend, right. You don't that's you can't learn
- 23:32that. And I don't think you can really
- 23:33learn to be a great salesperson. But you're where you come from
- 23:37is a big factor. I mean, like I would my, my dad
- 23:40ran a very small manufacturing company.
- 23:42My mother still has a retail store.
- 23:44So it was always a bootstrap kind of thing.
- 23:47And so when I started, you know, I also had nothing to risk when
- 23:50I started, I didn't have anything.
- 23:52So it's, you know what, what can really happen.
- 23:55So there's some nature nurture there for sure, but it's also
- 23:59just your tolerance for, for pain.
- 24:01You know, how many how, how badly do you want it?
- 24:04And again, being consistent. And like I still every single
- 24:07order that we get, every single new deal at some point, you
- 24:09know, comes through me on a spreadsheet.
- 24:11So I just say, oh, we got a new deal from Ryan's team.
- 24:13Like send it, send an e-mail out to Charlotte, you know, thank
- 24:16him for the. It's just, it's not rocket
- 24:19science. But I find it something people
- 24:20just don't do because you also get people.
- 24:22And I saw this when I had, you know, partners, private Equity
- 24:26Partners. There was a lot of stuff that
- 24:27was beneath them. And I've never felt that like
- 24:29nothing in what we do is beneath them.
- 24:31If someone needs a phone call because they're really upset
- 24:33about something, I'll pick up the phone.
- 24:35You know, do I want to do it? No.
- 24:37But you know, it's one of those things you take your lumps and
- 24:40that's part of part of the deal. I love that.
- 24:42I'm the same. I'm in the same way.
- 24:43You got to You're not too good. We're not better than anyone
- 24:46else. That's clearing the.
- 24:47Place and. We're all working.
- 24:49Hard it's the other way for me, you know, it's like I'm not I
- 24:52end and that a lot of this has changed too with employees.
- 24:55You know that when I first started, it was the employer who
- 24:59was sort of the, you know, thank it was thank you for the job.
- 25:02Now it's, you know, thank you for coming to work.
- 25:05Thank you for not writing a Glassdoor review.
- 25:08You know, and then it's a cyclical business, you guys
- 25:11know. So, you know, we were at our
- 25:13peak, we were maybe close to 500 employees, but before 80 in a
- 25:19during the pandemic. And then we had to lay off a ton
- 25:22of people because rates went up, you know, a full 2 points over a
- 25:25short amount of time. That was a very different
- 25:27conversation in 2022 with the Internet and Glassdoor than it
- 25:31was in 2005. And so it's it's changed a lot.
- 25:35That's hard. Yeah, I remember when your shop
- 25:37was on Walnut Street, Four Corners.
- 25:40Now you got a a bunch of big offices nationally and we were.
- 25:44We were on, we started in Newtonville, right over where
- 25:46the Star Market is over the over the Pike.
- 25:49Forgot about that. Tell me about something that you
- 25:52so for entrepreneurs that are listening that whether they run
- 25:56a small real estate team, loan officers, you name it, whatever
- 25:59the small business is, what's a risk that you took because you
- 26:02probably still constantly taste Rick?
- 26:03I mean, you're selling the private equity and moving things
- 26:05around a lot of money moving back and forth.
- 26:07What was a risk you took early on that was beneficial and or
- 26:10didn't work out? It's there's, it's very clear
- 26:13and I did. This is one of the back to
- 26:15Courtney's question. This is one of the thing that
- 26:16I'm dealing with some of the people we've acquired not being
- 26:19the face all the time. Like, you know, I brought on
- 26:23let's start to bring out attorneys because we were
- 26:25growing and I couldn't be there, You know, first year I maybe
- 26:27it's less than that. I was doing every closing
- 26:29running around and at some point you have to say, hey, Ryan, you
- 26:33know, and we've done a good job at this.
- 26:34And now it's, you know, you work with David a lot in our office,
- 26:38but he's not the one sitting at the closing generally.
- 26:41So you've, you know, now he's figured it out.
- 26:43And so it was not being the face of you can't be everything for
- 26:48everyone. And I took the risk like, I
- 26:50definitely lost business. You know, I I've reconnected
- 26:52with a realtor recently after 20 years who said, well, I stopped
- 26:56using you when you weren't at the closing.
- 26:57It's like, yeah, I think I made the right call for me.
- 27:00You know, it's, it's OK, It worked out.
- 27:01All right. So, yeah, that was the biggest
- 27:04risk because at that time when we were small, it could have
- 27:07been like, OK, I just lost all my business.
- 27:10I'm not sitting, you know, I'm not out there constantly.
- 27:13Right. Like I mean simple.
- 27:15This is cliche, but like one step back.
- 27:16Yep, 20 steps forward. Exactly right.
- 27:19I think that's actually one of the best examples of what the
- 27:22pain every entrepreneur feels when they start actually
- 27:24delegating a lot of their responsibilities in order to
- 27:27scale. And I think in any industry, no
- 27:30matter what it is, the minute you choose to say or you, you
- 27:33know, you choose the, the path of saying someone else can do
- 27:37this just as well as I can because I need to focus my
- 27:40efforts elsewhere. You're going to always have that
- 27:42risk of losing something to gain so much more.
- 27:45It's really, you know, I look at it a lot like you go and see
- 27:49this band at a bar and there's like 20 people there and you
- 27:52love this band, but then they go and play at a bigger place.
- 27:55You're like, God, they sold out. It's like, well, no, they're
- 27:57successful because they're good. The reason you like them also
- 28:00now you don't like them because they're having success.
- 28:03I think it should be the other way, really supporting that
- 28:05success and that's what I found. A lot of people felt the same
- 28:09way, luckily. Yeah, it's funny.
- 28:10I mean, if people say like, oh, it's a, you know, they got a,
- 28:13they got a big shop over there. I'm like, yeah, they got a big
- 28:15shop and they've grown their business because they do a
- 28:17really good job and that means more people are calling, more
- 28:20people are wanting business. More resources, you know, more
- 28:22resources that that. Our thought has always been big
- 28:25firm resources, small firm feel, which I think we do a pretty
- 28:28good job at. Not always, you know, there's
- 28:30nothing is absolute, especially in what we do.
- 28:33There's too many details. First thing I say, when I bring
- 28:35in a new client now it's like this, we're going to, we're
- 28:37going to make mistakes. This is a mistake business.
- 28:40It's how we deal with the mistakes.
- 28:41If you think we're not going to make a mistake, then you're in
- 28:43the wrong, You're dealing with the wrong people because we're
- 28:45going to and that's maybe, you know, one of the, the, the most
- 28:48important things is we, we mess it up.
- 28:50We're going to be the first one to say, hey, listen, we screwed
- 28:53this up. What can we do to make it
- 28:54better? Because it's it's inevitable.
- 28:56What are strategies? I'm just thinking this like, so
- 28:59as you scale, as you grow, what are strategies to keep that
- 29:01super high touch customer service?
- 29:04Because let's be honest, plenty of companies, whether it be real
- 29:07estate firm or law firm, once they get bigger, it's less
- 29:10personal attention. Jerry Maguire, you know.
- 29:12You know, it's that we've really, we've really segmented
- 29:16the process to the point where so your clients, for example,
- 29:20they'll deal with an attorney and then they deal with 1
- 29:23processor paralegal. So it's a very, now the attorney
- 29:28and the paralegal, let's say have a big team behind them.
- 29:31Every e-mail that goes out is sent on behalf of that person.
- 29:34So to the consumer especially and to your team, all they know
- 29:38is they have these two people. You know, if it's a, you know,
- 29:40if there's not a one of our attorneys above, it's one person
- 29:43and it's really simplifies. They do feel like we see some of
- 29:46our competitors have 10 people on an e-mail and it just the
- 29:49consumer doesn't know who to talk to.
- 29:51That's been a huge, that's been a huge thing we've done.
- 29:53Yeah, It's making it more personalized, making it feel
- 29:56like they have two people even though it's a huge shop.
- 29:59I always think about it though, when anyone, like, I love the
- 30:01analogy used about the band, but when anyone ever has an issue
- 30:04with a company being large scale, I'm like, so if you went
- 30:08in for surgery, right, and your surgeon only does two of these
- 30:12surgeries a year, right? Versus if your surgeon is
- 30:15pumping out that surgery at a rapid pace and has, you know, a
- 30:19massive amount of clients, it's like, yeah, you might not get
- 30:22that like a personal touch, but guess what?
- 30:24They're probably a lot more experienced and have seen it
- 30:26all. And with real estate, I think we
- 30:28can all agree. You know, cost is it a lot of
- 30:31people have said, you know, well, you're cheaper, you know,
- 30:34in some areas and thankfully that's been a bit of a fallacy.
- 30:38I think we're pretty market general now or market middle,
- 30:41whatever. I don't know, I'm saying but and
- 30:44so, OK, well, we have the ability to do that.
- 30:46That doesn't mean that our service is, and I think you can
- 30:49attest to that. The service is as good as
- 30:52anyone, if not that, of course, at a more affordable price.
- 30:55That's why people go to us, say it's not because I'm a nice guy,
- 30:57you know, it's because. You could you could get
- 31:01something on Amazon for cheaper or you can go to your local mom
- 31:04and pop shop and pay a little bit more.
- 31:06And you know what? There's times when maybe you go
- 31:09to the local mom and pop shop. You know, you have somebody who
- 31:11lives and a certain building in Beacon Hill that this attorney's
- 31:14done. All the closing absolutely go to
- 31:16that attorney. They they're involved in the
- 31:18condo litigation, whatever it may be.
- 31:20We're not for everyone and that's fine.
- 31:21We're not for every deal. And you've learned to live with
- 31:23that. In your industry just in
- 31:25general, so you've been residential real estate for
- 31:28years, growing consistently. What do you think the biggest
- 31:30mistake in the industry is? Getting into it, no, I, I think
- 31:35it is, I think attorneys classically are not good
- 31:40business people because you don't learn business in in law
- 31:44school, you learn the law, you learn some writing skills.
- 31:47At least I didn't. And I was see if at best law
- 31:52student, if you can believe that.
- 31:53And now it's hard to believe, you know, you don't learn how to
- 31:56be a business person. And so I think that attorneys
- 32:00think that because they're attorneys or title people or
- 32:03whatever in different parts of country, that means I'm a really
- 32:06good business person. I'm a licensed title agent.
- 32:07So that means I really know business.
- 32:09It's not we're a sales and marketing company as as much, if
- 32:12not more as we are a law firm at this point.
- 32:15You know, we're sales, we're a service business.
- 32:17We're a sales company, we're a marketing company.
- 32:19We don't get too hung up on being attorneys.
- 32:21We have to be attorneys in Massachusetts.
- 32:22We have to be attorneys in Connecticut, South Carolina,
- 32:24North Carolina, the attorney states.
- 32:26But we take that same like we're a service business, you know, so
- 32:30and we, we move it into that. And so I think that's the
- 32:32biggest mistake and people have chastised us for that.
- 32:35You know, you're, you're, you know, you're more concerned with
- 32:38having events then you are. I'm like, OK, well, that's how
- 32:40we connect with our clients, you know, sorry.
- 32:42That's our approach. Do it differently.
- 32:44I don't know what to tell you. Yeah, yeah.
- 32:45That's how you build relationships and everything.
- 32:47But the interesting thing of what you just said with that is
- 32:49that let's say someone comes out of law school and they really
- 32:52don't have that knack for business.
- 32:54They just don't have the gift that you have, right?
- 32:57They were a students. So.
- 32:59But you know, so let's say that's the case to me, I look at
- 33:02that as know your strengths. You can still open up a
- 33:05phenomenal shop. You could still try to compete
- 33:07with Chris Law. You will lose, but you can still
- 33:09try. But you have to hire someone
- 33:11who's going to have that other skill set.
- 33:13And I think that that's the biggest piece.
- 33:14There are so many industries out there that you actually have to
- 33:17be sales oriented and business oriented, but you actually went
- 33:20to school for something completely different because
- 33:22you're the talent of what you're doing, right?
- 33:25So if you were more practicing law, you would have to actually
- 33:28outsource more of the business side of things, right?
- 33:30And I think that that's again, putting ego aside, which we
- 33:33talked about with the merger and acquisition.
- 33:35And I think that that's like one of the biggest growth
- 33:37experiences you can have to grow your business is you have to
- 33:40actually grow as a human being and say, what are my strengths,
- 33:44one of my weaknesses? Put my ego aside, hire
- 33:47accordingly, hire someone who can like can absolutely be
- 33:51compatible and work with you, right?
- 33:54And I think that that's something that, you know, I
- 33:56think about it all the time with attorneys, right?
- 33:58You guys are incredibly book smart.
- 33:59You're reading all the time, right?
- 34:01Like, again, you're someone who's gifted in the business
- 34:04sense of things, but most attorneys don't have that
- 34:07business side or sales side. I the gifted thing makes me feel
- 34:11weird because I think it's just working hard, but I get it like
- 34:14there's some I can whatever knack I have.
- 34:17The gift is that's just weird. You know, I just, it makes me
- 34:20uncomfortable. I think you're very gifted.
- 34:22Thank you. You're.
- 34:23The Gifted. Program, but I I will say that a
- 34:27lot, you know, a lot of attorneys in selling against us,
- 34:29which is, you know, I, I get that too.
- 34:31We're one of the bigger. So people are like, you know,
- 34:33like, well, you know, Scott, Chris isn't really a good
- 34:35attorney. I'm like, yeah, I don't I don't.
- 34:37I mean, are you a great attorney?
- 34:39Like what we're doing in the grand scheme of legal work is
- 34:43not. We use a form contract.
- 34:44We all have form writers. We work with the same people on
- 34:46the other side all the time. So it's like, OK, well if you
- 34:50want to hang your hat on being a great lawyer, that's great.
- 34:52I think you're probably in the wrong industry, part of the
- 34:55industry for that. To me, the great lawyers are
- 34:58doing M&A, they're doing really complex stuff.
- 35:01You know, we are sort of a, we're transactional.
- 35:04So I have great lawyers. Dave's a great lawyer.
- 35:06He's great at what he does, but unfortunately that's not the
- 35:09business we're in. You get the business because of
- 35:11the service, not because of your legal know how.
- 35:14So I think that's another piece of maybe some of our competitors
- 35:16gotten too wrapped up in that. I went to law school, so I
- 35:18didn't want to get a job after college.
- 35:20You know, that's and it happened to work out.
- 35:22I found something that worked for me, but I'm not I've never
- 35:26have thought I'm some kind of great legal mind and I think
- 35:28it's it comes down to that ego thing.
- 35:30It's like, I just don't. Some people are really wrapped
- 35:33up in it and it's just a it's a different mindset.
- 35:36Right. The way I look at it is we're a
- 35:38customer service business that happens to represent buyers,
- 35:41sellers and investors. Yeah.
- 35:42And you know, you know the basics, You, you're good at
- 35:45looking at a house, you're good at those things.
- 35:47But you know, I don't think any attorney that does what we do or
- 35:52Realtors, no one's splitting the atom here.
- 35:54I I think we've gotten a bit out of control with social media.
- 35:57Certainly, you know, and I, if you know, I did a million things
- 36:00on since of Burnett, I think a lot of that came about because
- 36:04of the way we portray ourselves in an industry that everyone's
- 36:07millionaires. You know, that's not the case
- 36:09for this thing. It's the furthest thing from the
- 36:11case. And so, you know, I think social
- 36:13media has done a lot of that, but I'm also old and I, you
- 36:15know, I don't want to, you guys know, I never want to do like
- 36:17pictures or anything. I I didn't.
- 36:18I'm not doing. I mean, even though you're very
- 36:20handsome, I mean this, but this. Podcast I'm doing against my
- 36:22will. I want to, yeah.
- 36:23I want to put it on the. Reinforcement.
- 36:25I want to put that out there. Yeah.
- 36:26So, you know, I think that that's like there's a whole
- 36:29cultural ego thing that you guys keep referring to that I
- 36:31couldn't agree with more. I think like you hit the nail on
- 36:34the head with the social media piece.
- 36:36I think right now everyone will say that industry saturated or
- 36:39this is saturated. It's like it's not saturated.
- 36:41It's that now we have so much visibility into everything.
- 36:45So there were always this many human beings, right?
- 36:47I mean, maybe we have more now, but for the most part, it's like
- 36:50there's always been a ton of competition.
- 36:51We just didn't see them so clearly and so easily because
- 36:54they weren't posting every single day. 300 65 days of the
- 36:57year. We, we have a portion, I'm
- 36:59starting to start, we have a portion of our business that
- 37:01we've had for 20 years that never was really publicized,
- 37:04that recently was publicized because of a new, a new partner
- 37:08we brought on. And it's caused this huge issue
- 37:11with people in The Who just think this is something new.
- 37:13And I'm like that we've been doing this for years and it the
- 37:17only reason it's out there, social media, you know, and it's
- 37:19like you don't. And so it gets skewed and people
- 37:22like you're doing this and you're doing that.
- 37:23And it's, I never knew what anyone was doing.
- 37:26And I think it helped me grow my business before social media.
- 37:28So I just put my head down. I always assumed everyone was
- 37:30kicking my butt. I just assumed everyone's
- 37:32working harder than me. So I think it made me work
- 37:34harder. And you sort of know too much
- 37:37now, I think. Yeah.
- 37:38It's definitely, especially in real estate, I think it feels
- 37:40very competitive when it doesn't need to be totally like you
- 37:43said, put your head down, stay in your lane and just focus on
- 37:46what you're trying to do. And I think it's.
- 37:48Not reality. Totally.
- 37:50But it's also when you're trying to grow something like like you
- 37:53mentioned, I think because of social media now, people are so
- 37:55fearful of taking that next step, taking that risk because
- 37:58oh, everyone's going to know I failed or everyone's going to
- 38:01know it didn't work out. Who cares?
- 38:03Like, you've got to move on. But you know, years ago when you
- 38:05were taking those big risks, when you were 26, starting out,
- 38:09it wasn't so visible. It wasn't so public.
- 38:11People don't see all the little missteps, all the little
- 38:14mistakes, the employees that come and go.
- 38:16Right now, it's like everyone. It was to the point back then
- 38:19like we would be invited to, I'd be invited to like title
- 38:22insurance companies to have these trips and stuff and I
- 38:24wouldn't go because I didn't want anyone to know that I even
- 38:26qualified for the trip. You know, it's just like it was
- 38:28just different and now everything's so out there and it
- 38:31makes me uncomfortable. I don't, I don't think it's
- 38:33necessary for business. I think it's a lot of ways.
- 38:36I think it's unbecoming. I've said this to you before,
- 38:37like if I'm going to sell a couple $1,000,000 piece of
- 38:40property, I'm not sure I want that realtor that I'm going to
- 38:43use out there dancing. And I don't think that somebody
- 38:46the consumer is buying wants to see me out there, you know, like
- 38:49whatever it is wearing like a goofy hat.
- 38:51I just, it's not, it's, there's some got to be some type of
- 38:54decorum in business to make you feel comfortable.
- 38:56I think. And I'm not a decorum guy by any
- 38:58means, but when it comes to lots and lots of money at risk, I
- 39:02think you want to have people that are really trustworthy.
- 39:04But maybe I maybe just it might have passed me by at this point.
- 39:07I'm sure there's plenty of people that have that opinion.
- 39:10You gotta be professional for sure.
- 39:12Definitely. I mean epitome of professional.
- 39:14Totally, you know. You basically wrote the book on
- 39:17business etiquette. I did.
- 39:18So now that we've gotten some of those tips from you, I would
- 39:22love to hear. It's probably hard to like
- 39:25bottle this up, but what is one piece of advice that you would
- 39:28give? Not just someone in your
- 39:29industry, so not just an attorney, any business owner who
- 39:33is looking to scale and knows that the next step is to
- 39:37actually get into acquisitions. Because all the points that we
- 39:40talked about earlier. What would you say to get that
- 39:42started to actually like, you know, first step?
- 39:45What's the most important thing to do before you actually like
- 39:48make those purchases? I think it's you can't believe
- 39:51your own hype. I think that's the biggest
- 39:52thing. So when I, you know, when I took
- 39:55an investment from in my title in Atlantic, you know, the
- 39:59thinking was, OK, well, I can kind of step back from this and
- 40:01I step back a little bit from it and.
- 40:04The business didn't work anymore and it's like you can't, it's
- 40:07not that kind of business. You know, we've had people in
- 40:10the closing business like I, I'm hiring ACEO because I'm a step
- 40:14back. It never works.
- 40:15So it's you still you're either going to be in it, you have to
- 40:19be in 100% and you have to get your hands dirty in this
- 40:22industry. And I think it applied these
- 40:25guys I was with last time I sold this tech company, we had the
- 40:27same conversation. I think they did so well because
- 40:30they were, I mean, knee deep in all of the bowl for a year right
- 40:35up until they sold. And so that's what it is.
- 40:37You cannot take your foot off the gas.
- 40:39You cannot say, well, I'm the CEOI don't do that.
- 40:42I'm the this, I don't do that. We're not Raytheon here.
- 40:46You know this. These are small businesses where
- 40:48you do everything you do to survive.
- 40:50And unless you're independently wealthy or you have enough money
- 40:54where you never have to worry about a dollar again, I don't
- 40:57see how you can do it and sleep at night.
- 40:59So I think that's the, and I, I see it, I've seen it.
- 41:01You know, I don't do this anymore.
- 41:02I don't do that anymore. I'm too big time for this.
- 41:04I, I hope I've never said that and never will because I'm not
- 41:08too big time for anything. I was, there's a very good
- 41:10chance I could have been out cutting lawns for my whole life.
- 41:13You know, it just happened to work out for me.
- 41:14So. OK.
- 41:16Love that. So don't have too big of an ego.
- 41:18Yeah, get out. Knee deep in the bull.
- 41:20I think you said, yeah, knee deep, knee deep in the bull.
- 41:24So Knee. Deep in the bull, this is all I
- 41:25assume this is never going to go out to anyone, no?
- 41:27No, this is we're actually. Not even we're.
- 41:30Actually going to we're going to delete the whole thing.
- 41:33No, but that's actually, I do think that that's great advice.
- 41:35I'm I'm messing with you on that, but that is good advice.
- 41:37I think that what you're saying is be humble and don't be, you
- 41:42know, don't let yourself get too ahead of where you're actually
- 41:45at. We all have our moments by the
- 41:47way, believe me, I don't this is I'm a hypocrite in many ways
- 41:50because I get on my high horse about some stuff.
- 41:52I'm sure that I don't even realize and Amanda will tell you
- 41:55that or my daughter will tell you that or my friends.
- 41:57But but like at least that's what you try to live by is, you
- 42:01know, stay, stay. You said that I said it in like
- 42:03half an hour. You said it stay humble.
- 42:05That's I could have just said. That and work hard.
- 42:07I mean, one of your big things is I remember you used to tell
- 42:09me back in the refi a few years ago during COVID, you would set
- 42:14an alarm at 3:00 AM to wake up just to be able to crush a few,
- 42:17a few hours of emails and then 'cause you just, you're going to
- 42:21have so many hundreds. When you woke.
- 42:23Up it's like, wow, that's another level of work that most
- 42:25people, I don't care what generation you're talking about
- 42:27'cause there's all different stereotypes of generations.
- 42:30Most people don't have that level of work ethic in hard work
- 42:33works. And if you're willing to do that
- 42:35over and over again consistently, as you've said
- 42:37many times. And there's nothing.
- 42:40That's one thing I've learned from these acquisitions.
- 42:43Again, not to rehash it, but not everyone's like me.
- 42:45Not everyone's the same. Not everyone's like you.
- 42:47But if you're not like me, then don't.
- 42:49You can't possibly expect to, you know, have the success at
- 42:53someone who works harder than you.
- 42:54Like there, there's a correlation there.
- 42:56Hard work, more money. Less hard work is OK, just less
- 43:00money. That's OK.
- 43:01There's people out there work way harder than me and I make
- 43:03way more money than I do. It's just a it's, it's a choice.
- 43:07Yeah, yeah, true. Well, I've loved having you on,
- 43:09man. This is.
- 43:10Great, thank you for having me. I can never do this again.
- 43:12This is. Well, I actually was going to
- 43:13say Part 2 is going. To be.
- 43:16Launching soon? No, this was awesome.
- 43:18Thank you so much it. Was great to hear your story.
- 43:21Chris Law, Atlantic Closings, Escrow and Affiliates.
- 43:24Not even close. Top guy, you know, I think I
- 43:26nailed it and we appreciate you coming on, man Thank you.
- 43:29So much all right.