The Multifamily Real Estate Experiment Podcast

MFREE 110 Trailer # 4 with Kaylee McMahon-Boncour: Are You Losing More By Underpaying Your Staff?

Shelon Hutchinson Season 3 Episode 110

Aloha, It’s Shelon "Hutch" Hutchinson here! If you’re enjoying 'The Multifamily Real Estate Experiment' podcast, please like, comment, and share our episodes to help us reach and inspire more people. Thank you for your support!

When leadership actually leads, everyone wins.

In this episode, we unpack how doing the right thing for your team—like not slashing pay or cutting healthcare—can have a ripple effect that hits way beyond the P&L.

Hutch gets personal about what it’s like to knock on doors and collect rent when times are rough, and what he’s learned the hard way about how underpaying staff leads to more damage—literally and financially.

💥 Less turnover

 💥 Lower medical costs

 💥 Stronger property care

 💥 Higher retention

This is about more than just real estate—it’s about leadership with backbone. If you want long-term performance, treat your people like they matter.

📌 A little integrity goes a long way… even in multifamily.

#LeadershipInAction #PassiveIncomeWisdom #VeteranOwned

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Thank you to all of our listeners!!! We would love to hear from you!!!

Email me at:
hutch@hsquaredcapital.com

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Kaylee mcmahon 8486:

I will not be reducing the amount that we pay our employees and then especially like their healthcare. I've jumped into a couple properties myself. Whacking on doors collecting rents when things weren't going well to turn things around and, saw the physical destruction that it had on people's health. So then the medical costs that we have with those people skyrockets, right? So you save costs on medical care, turnover, you save, cost on, having people. Also, we've seen lower level people move their buddies into the property. They destroy the property, so we're saving money. Upfront on all of these things that, like if I was managing, I wouldn't allow to happen, but I can't, we need someone that can replace me. that's a very top level, how we pay people fairly that work for us, and that just has a trickle down effect. They wanna spend more time caring. the property's nicer. and then if you do the right deal, we can afford, our expenses. But again, like I said, sometimes your repair and maintenance goes down because you have more retention because you have people that, it's a newer property, it's under warranty, et cetera.