Stephanie Peck- Moms and Real Estate

05/16/19 • 36 min

Justin Stoddart 0:00
Hey, welcome back to the Think Bigger Real Estate Show. So excited to be here today about a topic that is, I think so important to the industry, which is how do successful, loving, caring, thoughtful moms stay that way while still succeeding big in real estate? And I have with me today, Stephanie Peck.

Stephanie Peck 0:17
Yeah. Hi.

Justin Stoddart 0:18
Thank you so much for being here, Stephanie. Yeah, this is such a treat. Because, you know, guys consider around and pontificate and talk all day long about what we think the solution is for moms. But it really doesn't do it justice. What really needs to happen is for us to bring someone to the plate, who's for the past 10 years, is that right?

Stephanie Peck 0:36
Yeah. 12 years, actually,

Justin Stoddart 0:38
12 years in real estate, has managed and grown a very successful real estate practice and yet been a fantastic mom. So now I know that conversation kind of weighs heavy on a lot of moms, I was in a top agent mastermind I can reference this yesterday. And some producers, some of which sell 100 homes a year. And the kind of constant feeling of like, Am I doing enough? At home? Am I doing enough for my clients? Like, is that a real feeling? Do you feel that?

Stephanie Peck 1:05
Yeah, all the time, I'm always thinking, how am I going to be the best at everything, and also trying to remember that it's okay to not be the best at everything. Yeah, that's always my balance.

Justin Stoddart 1:17
You know,

it's been really interesting. I was raised in an entrepreneurial family, my mom was a very successful business owner. And I cannot think of something that she could have done better, in fact, because of what she did outside of the home and inspired me to similarly want to, you know, build a business. And so I'm grateful for the fact that not all moms are built a like some, like our dedicate like my wife, for example. She works one day a week as a nurse, and she thrives in that environment. Like my mom would have driven me and my siblings crazy. Had she been home? Right? Yeah, she's just wired to be like, very different. And so I don't know if you feel that way as well, like some moms like are better moms by both, like having some participation in the large participation, the workforce.

Stephanie Peck 2:04
Yeah, I definitely feel that way. Personally, I,

I went back and forth a lot about whether I wanted to be a stay at home mom or a working mom or part-time, I'm always trying to figure out where my place was in that. And I know for me when my kids were younger, and I was able to spend a lot of time at home with them. I'm so grateful for that time. And I love that I was able to do that. But now I personally am so much happier, doing what I'm doing and still being able to be the mom that I want it to be.

Justin Stoddart 2:41
Now that's some moms probably have that. That guilt, right, that feeling of like,

I'm giving up kids, let's talk a little bit about motherhood. For those that know me, some of you don't know me as well, others do know that at the core of who I am, I'm a family guy. And family is the most important thing to me. So and I honestly believe that there's no greater work than one will do than within the walls of their own home. Right? That's a quote that stuck with me ever since I was young. And I believe that, that a lot of realtor moms feel that same way to have even though they build a great business build a great empire, they realize that all shrinks in comparison to the work that they're doing. And raising up the next generation talk a little bit about kind of your feelings about motherhood and home just so that those things like, well, she doesn't like she doesn't get me because of she obviously family's kind of the second tier to her. And I know that's not true, right? Talk a little bit about like, your feelings towards motherhood and being a mom and all that.

Stephanie Peck 3:33
Yeah. So for me, I, I got into real estate because I wanted to do it for my family. And because I wanted to be the mom that I wanted to be knowing that I still wanted to be a working mom. But I didn't want to be a drop off at daycare, 10 hour a day kind of a mom. That was just my personal choice. And that's how I wanted to have my family structured. So that's when I got started in real estate was with that goal in mind. So for me, I'm always trying to think about why did I do this? Why did I decide to get into this business? And who am I serving because of it? So I focus on what I want to do for my family because of real estate and not the other

way around is

Justin Stoddart 4:21
interesting that we've talked about before. You've mentioned before about how important it is to to have a clear why right? Because I know that in real estate you get in any training, and it's like more and more and more bigger, big...

Stephanie Peck 0:17
Yeah. Hi.

Stephanie Peck 0:36
Yeah. 12 years, actually,

Justin Stoddart 1:17
You know,

Stephanie Peck 2:04
Yeah, I definitely feel that way. Personally, I,

Justin Stoddart 2:41
Now that's some moms probably have that. That guilt, right, that feeling of like,

way around is

Previous Episode

Ryan Wood and Steve Yeager- How to Build Great Company Culture

Justin Stoddart 0:00
Welcome to Think Bigger Real Estate show. I'm your host Justin Stoddart, very excited today to have with me two very close friends, guys, they look to as mentors, leaders, and bosses. These guys are fantastic.

Steve Yeager 0:13
I like the laugh.

Justin Stoddart 0:14
They are the leaders of Old Republic Title here in Oregon. And they have built an amazing company culture. And if you're a real estate agent and desire to scale your business, at some point, you're gonna add somebody, and you're gonna add somebody else, potentially add somebody else, and it's going to be requisite for you. If you want to keep good talent and attract good talent, then you're going to need to build the company culture, place where people want to work a place where people don't just get everything they want, but they get what they need. So we just had a great branch meeting, and I thought it'd be appropriate to have a lively conversation with you guys that make me laugh and inspire me about how to have a great company culture. So, Ryan, you mentioned something in the meeting, that gives people perspective, that it's not that their perspective isn't always right, would you share what that is?

Ryan Wood 0:58
Well, it's actually a line that you've used, so we'll steal it from him. But I basically, it's, when you're, and I can say this because I step up on my soapbox a lot, I get passionate about things. And I start, you know, putting my point of view out there and telling everybody, you know, what I feel is right. And, you know, Steve, made a really great point in the meeting, basically talking about the fact that all of us need to when we're in that position, also sit there and say, according to me, so basically do a little little bit of self reflection, which can go a long ways. And, you know, say, okay, am I right? Or am I doing the right thing? It's not all just about making you right, it's about making sure you're doing the right thing.

Justin Stoddart 1:41
Great stuff, Steve, any thoughts on that?

Steve Yeager 1:44
you know, Ryan, I have teased quite a bit, we have a mission statement on the wall, but taking the mission statement down and just putting the word communication, you know, seems like anything in life, whether we're going out or meeting with clients were handling internal issues when you're trying to grow anything, communications, the deal, right? People want to have to transparency and they want to have people that there's a level of respect that goes along with communicating with people. But I think it's, you know, if you take that a step further in it, it really is, you know, I might have this really strong opinion on something, but it's according to me, it's according to, you know, what my background is, what my thoughts are, what my reality is, what my perception is, it doesn't necessarily mean the people I'm talking with disagree with what I'm saying. But they've had an entire life where they have, they have been trained to think a different way doesn't mean the wrong way, just a different way. And being able to step back and actually think about that, when you're having a conversation with someone, it goes a long way with respecting them. And it goes back to another thing we're talking about today with ego. Right? I think, you know, sometimes as guys, we struggle a little bit because we like to lead with ego, you know that the puffed out chest. And I think it's super important, you know when we're having those conversations when we are trying to either coach train, teach, or just have a conversation with somebody that we are really listening, and we're really hearing it from their point of view.

Justin Stoddart 2:58
Great stuff. Iscrewed up a little bit, guys. And maybe the audio won't be as good.

Steve Yeager 3:01
A little concerned that I'm not standing on books next to Ryan, I'm concerned about that.

Justin Stoddart 3:05
And one thing that I actually had a thought this morning, that oftentimes building great company culture isn't always about just encouraging people. Sometimes it is, sometimes it's about telling them, Hey, I believe in you, you can do more. You've got untapped potential. You're amazing. I support you. Sometimes just having a fierce conversation with people, right? Sometimes it's telling them like, hey, what you did there was not the right thing to do for the group for the company for the whole? How have you guys come? Because you get to have both conversations, right? You get to see I believe in you, you're amazing doing a great job. And at times, it's like, Hey, don't do that, again, how have you kind of come to grips with being able to have those fierce conversations, without people taking it personally or without it being super heavy on you.

Ryan Wood 3:47
It's not easy. There's, there's no easy way about it, you're dealing with people, you're not interested in smash...

Next Episode

James Becker- Level Up Your Business Quickly Through Partnerships

Justin Stoddart 0:00
Hey, welcome back to the Think Bigger Real Estate Show. I'm your host Justin Stoddart

partnerships. Are they a good idea, are they not? Today we're going to talk about how partnerships can leverage can be a powerful source of leverage to allow you to take your business to the next level. I want to, first of all, thank James Becker, owner and founder of fusion growth partners for being on the show today. James has spoken at Inman before. He's built Fusion Growth Partners and is a business incubator for emerging mega agents. You probably have not heard that before. So we're going to talk all about what partnership could look like. James, first and foremost, thank you for being on the show today.

James Becker 0:38
Thank you for having me. I'm looking forward to it.

Justin Stoddart 0:40
Yeah, good stuff. So, James, we were talking here before, and I kind of wish we would have started the broadcast a few minutes ago because so the stuff that he was sharing was absolutely fantastic. So I'm hoping to be able to pull that out of him again.

But here's what I think of James, when I think of a partnership, or how most real estate agents think of a partnership is they think, boy, I'm getting busy. Susie over there in the office doesn't look as busy. Hey, Susie, why don't we team up and let's go list. I go on vacation, you can cover my stuff, you go on vacation off cover your stuff. That's about as complex of a partnership that you typically see in real estate. And really what you guys are doing is coming in creating partnerships, almost investing in real estate agent businesses to take them to the next level, like less of a mom and pop shop, and more into a really established business that offers big value to the clients. So I'm interested really interested in having you share kind of your story. How did Fusion Growth Partners come about?

James Becker 1:40
Well, I started selling real estate back in 1989, we had a great market in 1989. And then we had Desert Shield when we had the first Iraqi war. We had boots on the ground, the market literally went to a stop. I was newly married, I have a pregnant wife, and I needed to pay some bills. And so I sat down and I cold called until my fingers bled. And I did very well doing kind of the mike ferry process. Yeah. And. And back in 1990. Before there are mega-agents, my best year I did about 65 transactions with one TC. And those do all the prospecting myself, I was in 1% of the agents across the country as far as volume was concerned. And, and then after that last year, then 1997 year I was just completely burned out. And I hadn't leveraged it, everything in a was

the amount of business that I did was strictly correlated to the amount of energy that I had every day that I could put into prospecting, burnout being and so I started thinking about, okay, need to do something different. And I opened up another business, that business was kind of Fusion 1.0 was not successful. And I ran into a guy running a mortgage company who became a mentor of mine, I shut down my business went to work for him, learn some corporate structure and some additional business stuff for five to six years and then opened up future.

Justin Stoddart 3:27
So talk to us a little bit about what Fusion offers. Again, it's very different than just offering an agent or even offering an assistant, but when I went through the presentation really can understand your model, I was super impressed when I thought all the stuff that I try and recommend to real estate agents that they should do to grow their business. I mean, it was you know, it could be a menu of like, dozens of things to really get their business showing up in the right places, with the right touch with the right look. And like I think about every good idea that I had heard or ever promoted, you're saying, we do that, with companies invest in companies to help them on day one, be able to turn the switch and have this stuff rolling. Right?

James Becker 4:07
Right. Well, not day one, it takes 60 to 90 days to build out a factory. And that's one of the things that keeps agents from doing and there's a huge commitment to building up all the systems and the processes so that they can run on a regular basis and have consistency. We believe the number one reason why people don't have long term growing sustainable businesses is the lack of consistency in just the fundamentals, and the basic business development stuff. Because the works, they produce some business, they get busy, they stopped doing that. And so they're in business, and they're out of business, they're in business, and they're out of business. And so for us, we want to build up this particular factory. So it's not particularly day one. But when people ask us what we do, it's impossible to explain in five minutes, but the best way to explain it is most of these people have been to a family reuni...