Commercial Real Estate Pro Network

J. Darrin Gross:

I'd like to ask you, Dave Spooner, what is the BIGGEST RISK?

Dave Spooner 

It's a great question. It's something we think and talk about a lot, you know, especially as a small company. We were founded four and a half years ago now a little over four and a half years ago now. And we're at an inflection point, kind of an extended inflection point where we've grown really Really quickly and we're continuing to grow. And it's really accelerating more and more people are finding us, more and more landlords are giving us great reviews online, we're the word is out that Innago is a premier product for small to midsize landlords. And we're growing faster than we've ever gone before by exponential figures, right, which is great. It's very exciting. But the risk that comes with that is in growing the team, right and building our team internally, in finding great employees, it's easier to have quality control on your team when it's just you and five other people 10 other people 15 other people, but as it grows beyond that, it becomes harder and harder. And that's where we are right now where we're growing pretty rapidly. And we're expanding our team and trying to find good talent and making sure that that talent is acclimated effectively, so that they're happy so that they enjoy working here, so that they feel fulfilled, but they're also providing great value to the to the rest of the team and to our clients. That's our that's our biggest risk right now. It's just continuing to find good team now team members. And to relate that back to real estate. I think that's ultimately a place that landlords and real estate investors get to right, if you're purchasing your first property, your first couple properties, it's easy to control a lot of that stuff, it's easy to do quality control, but as you grow bigger, you have to have a great team, right? You got to have a good broker, you got to have a good a good insurance guy, of course, right? You got to have a good lawyer on your team, maybe a tax guy, a CPA, maybe you hire internally, right? You hire your own property manager, it's the same risk that other folks have. We're experiencing it on a bigger scale right now. And that's, that's our biggest risk, something we think about a lot, something we talk about a lot. So we're gonna make sure to mitigate as much as possible.