Pay or Quit

Shawn Johnson & Tony Cline

Welcome to Pay or Quit, the podcast for entrepreneurs and business owners who are ready to face the unfiltered truth of what it takes to succeed. Hosts Tony Cline and Shawn Johnson, bring you a show that goes beyond the polished success stories and dives into the real, messy, and often challenging aspects of business ownership.

This podcast is designed for those who sometimes feel alone in their entrepreneurial journey, struggle with imposter syndrome, and find themselves on the brink of burnout. We understand the highs and lows you face, and we're here to provide the reassurance and candid insights you need to keep pushing forward.

Tony and Shawn aren't afraid to tackle the tough conversations and offer their seasoned perspectives on what truly matters in business. From industry trends to personal challenges, each episode cuts through the noise and delivers the raw, unvarnished truth. Expect in-depth discussions, spicy takes, and occasional interviews with guests who are ready to confront the hard questions head-on.

Tune in every week to get a behind-the-scenes look at the realities of entrepreneurship. It's not always pretty, but it's always real. Buckle in, because it might get messy.

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Season 2

Employee Retention Expert: Exact Formula So Your Employees Never Leave | Clint Pulver
Sep 30 2024
Employee Retention Expert: Exact Formula So Your Employees Never Leave | Clint Pulver
Send us a textThe Secret to Workforce Retention: Clint Pulver’s ‘I Love it Here’ and the Power of MentorshipIn this episode, Clint Pulver, Emmy Award winner, speaker, pilot, and author, discusses his book 'I Love It Here,' which reveals insights about effective leadership and employee retention. He shares how the Undercover Millennial Program helped him understand the reality of the workforce and bridge the gap between leaders and their employees’ experiences. Pulver emphasizes the importance of mentorship over management, augmenting leadership development, and recognizing employees' contributions. He recounts his journey of overcoming a debilitating eye condition to fulfilling his dream of flying and starting the Dream Machines Foundation, offering helicopter experiences for children with disabilities.To get your copy of 'I Love It Here' use one of these links: Paperback https://a.co/d/dzmO2Y3 / Audiobook https://a.co/d/0bJbH8Jwww.clintpulver.com00:00 Introduction: Capturing Workforce Reality00:14 The Importance of Company Culture00:47 Mentorship vs. Management01:22 The Journey of Writing 'I Love It Here'04:49 The Undercover Millennial Program09:19 Universal Truths in Workforce Research15:33 Growing People, Not Just Employees17:25 The Power of Recognition21:44 A Personal Story: The Drummer24:11 Advocating for Employees: The Key to Loyalty24:55 Building Momentum and Implementing Change25:53 Consistency and Small Steps to Success27:35 The Importance of Mentorship30:27 Balancing Entrepreneurship and Personal Life37:00 Overcoming Personal Challenges37:42 Rediscovering a Lost Passion: Aviation43:40 Creating Impact Through Dream Machines45:58 Final Thoughts and Future EndeavorsTo check out the helicopters Clint and Shawn have on order visit www.hillhelicopters.comPlease rate the podcast!Tony's Newsletter: pmsuccess.com/pay-or-quit-podcastShawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/Follow Tony: X: https://x.com/pmsuccesscoWebsite: www.pmsuccess.comYouTube: https://www.youtube.com/@pmsuccess-coFollow Shawn:X: https://x.com/shawnAJohnsonXWebsite: https://www.shawnaustinjohnson.com/YouTube: https://www.youtube.com/@shawnaustinjohnson
Killing Complacency: From Alpaca Shearing to Real Estate Mogul | Marty Hofmann
Oct 7 2024
Killing Complacency: From Alpaca Shearing to Real Estate Mogul | Marty Hofmann
Send us a textFrom Alpaca Shearing to Real Estate Investing and BeyondIn this episode, Marty Hofmann shares his journey from an agricultural upbringing to becoming a serial entrepreneur with ventures in real estate investment and alpaca shearing. Emphasizing the importance of mindset shifts and intentionality, Marty discusses his transition from traditional to entrepreneurial paths, the interplay between personal experiences and business pursuits, and how running marathons informs his approach to entrepreneurship. The episode also discusses the challenges of managing properties, leveraging assets for business growth, and maintaining work-life balance in entrepreneurial ventures.Check out Marty's podcast, Kill Complacency here: https://podcasts.apple.com/us/podcast/kill-complacency/id1734476089 00:53 Marty's Background and Early Entrepreneurial Ventures02:49 The Transition to Real Estate Investing11:07 Challenges and Lessons in Property Management14:15 The Power of Leverage in Real Estate16:35 Balancing Debt and Investment Strategies17:46 The Case for Leveraging Other People's Money18:30 Leveraging Tenant's Money for Debt18:38 Marriage Struggles and Financial Freedom19:01 Getting on the Same Page with Your Spouse19:33 Analyzing Real Estate Investments Together20:53 Switching Gears: Building a Real Estate Portfolio21:28 Starting a Podcast: Kill Complacency21:42 Teaching Real Estate and Mindset Shifts22:53 Running Marathons and Setting Big Goals23:48 Mindset Shifts Through Running25:08 Learning from Long-Distance Running31:30 Entrepreneurial Struggles and Lessons31:49 Deepest Darkest Moments as an Entrepreneur34:29 The Reality of Entrepreneurship35:13 Opportunities and Shiny Object Syndrome38:10 Problem Solving in Business and Running40:21 Contributions to the World and Final ThoughtsPlease rate the podcast!Tony's Newsletter: pmsuccess.com/pay-or-quit-podcastShawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/Follow Tony: X: https://x.com/pmsuccesscoWebsite: www.pmsuccess.comYouTube: https://www.youtube.com/@pmsuccess-coFollow Shawn:X: https://x.com/shawnAJohnsonXWebsite: https://www.shawnaustinjohnson.com/YouTube: https://www.youtube.com/@shawnaustinjohnson
From Impossible to Achievable: A World Record Mindset | Chad Hymas
Oct 14 2024
From Impossible to Achievable: A World Record Mindset | Chad Hymas
Send us a textChad Hymas: Transforming Tragedy into TriumphIn this thought-provoking episode, Chad Hymas shares his inspirational life story, beginning with a tragic accident that left him with severe disabilities. At the age of 27, a ranch mishap resulted in a broken neck, paralyzing Chad and confining him to a wheelchair. Instead of succumbing to despair, Chad chose to focus on his capabilities and positively impact others. He discusses the early days of his recovery, the crucial role his father played in his journey, and how he went on to set a world record by traveling 513 miles in a wheelchair from Salt Lake City to Las Vegas. Through overcoming immense challenges, Chad became a renowned speaker and mentor, touching lives worldwide with his message of resilience and positivity. Listeners are encouraged to draw inspiration from Chad's journey and re-evaluate their own perceived limitations.Doing What Must Be Done by Chad Hymas: https://a.co/d/iMtGVsB www.chadhymas.com00:00 A Parent's Perspective on Tragedy00:52 Chad Hymas: An Inspirational Journey01:12 The Life-Altering Day02:56 Ignoring Warning Signs03:57 The Accident and Its Aftermath04:29 Overcoming the Victim Mindset05:22 The Power of Positive Influence07:13 The Emotional Aftermath08:44 Adapting to Change10:40 The Importance of Perspective18:52 Chad's Message to the World22:03 Navigating Life's Challenges23:12 Family and Fatherhood23:28 Lessons in Leadership26:55 A Father's Influence28:58 Finding Purpose After Tragedy33:56 Honoring a Mentor's Legacy34:36 The Ultimate Marathon42:25 Reflecting on the JourneyPlease rate the podcast!Tony's Newsletter: pmsuccess.com/pay-or-quit-podcastShawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/Follow Tony: X: https://x.com/pmsuccesscoWebsite: www.pmsuccess.comYouTube: https://www.youtube.com/@pmsuccess-coFollow Shawn:X: https://x.com/shawnAJohnsonXWebsite: https://www.shawnaustinjohnson.com/YouTube: https://www.youtube.com/@shawnaustinjohnson
Turning Trails into Triumph: How Courage Will Drive You Further Than Ever | Tony Cline
Oct 21 2024
Turning Trails into Triumph: How Courage Will Drive You Further Than Ever | Tony Cline
Send us a textRedefining Success: Courage, Health, and Financial Wisdom with Tony ClineIn this episode, Tony Cline delves into his redefined vision of success, emphasizing peace, morality, and quality of life. He shares his battle with celiac disease, detailing the misdiagnosis struggles and the importance of core values and courage in business. Tony reflects on pivotal life moments, the significance of consistent effort, and the lessons learned from mentorship and personal relationships. The conversation also highlights the importance of delegating, embracing discomfort, and the impact of a supportive community.00:00 Defining Success: Inner Peace Over Wealth00:44 Welcome to Pay or Quit: Meet Your Hosts01:11 Tony's Interview: A Deep Dive into His Journey02:21 Pivotal Moments: Personal and Entrepreneurial Challenges02:48 Health Crisis: Battling Celiac Disease04:35 Finding Solutions: The Road to Diagnosis09:49 Delegation and Control: Lessons from Illness12:28 Redefining Success: Peace and Values15:29 Core Values: Courage and Belief Systems18:25 Balancing Beliefs and Company Values19:36 The Importance of Core Values in Business21:31 Aligning Ambition with Personal Well-being22:04 The Real Ultra Marathon: Growing a Podcast23:19 Finding Your Tribe and Ambition29:47 The Role of Family in Entrepreneurial Success32:38 Advice to My Younger Self34:31 Closing Thoughts and GratitudePlease rate the podcast!Tony's Newsletter: pmsuccess.com/pay-or-quit-podcastShawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/Follow Tony: X: https://x.com/pmsuccesscoWebsite: www.pmsuccess.comYouTube: https://www.youtube.com/@pmsuccess-coFollow Shawn:X: https://x.com/shawnAJohnsonXWebsite: https://www.shawnaustinjohnson.com/YouTube: https://www.youtube.com/@shawnaustinjohnson

Season 1

S1: E1 From Startup to 7-Figure Exit: Scaling A Property Management Empire
Jul 11 2024
S1: E1 From Startup to 7-Figure Exit: Scaling A Property Management Empire
Send us a textLaunching New Beginnings: A Dive into Business VenturesThis podcast episode marks the launch of a new series where the hosts (Tony Cline & Shawn Austin Johnson), two small business veterans, discuss their personal journeys, initial meetings, and shared experiences in the field, including starting and scaling property management firms, innovating within the industry, and navigating mergers and acquisitions. They reflect on the challenges and rewards of entrepreneurship, the intricacies of building and leading teams, dealing with regulations, and the impact of government interference in the property management sector. Additionally, they explore their post-property management ventures, such as consulting and real estate investing, underscoring the lessons learned and the value of innovation, mentorship, and the human element in business decisions.Timestamps:00:00 Launching the Podcast: A Trip Down Memory Lane00:17 First Encounters and Initial Impressions02:29 The Evolution of a Friendship and Professional Relationship03:14 The Genesis of the Podcast: Motivations and Aspirations03:35 From Property Management to Real Estate Investing: A Personal Journey05:57 The Helicopter Pilot Turned Entrepreneur07:55 Scaling a Property Management Business: Challenges and Triumphs09:24 The Birth of Homevault: A Mastermind's Vision19:14 Rebranding and Expanding: The Story of HomeVault21:53 Looking Ahead: Current Projects and Future Plans22:08 Journey from Property Management to Consulting22:26 The Art of Coaching in Property Management24:26 Clientele and Challenges in Property Management Consulting28:19 Exploring E-commerce and Financial Trust Accounting30:04 Real Estate Investment Strategies and Ventures33:39 Reflecting on Property Management Experiences42:22 Concluding Thoughts and Future TopicsPlease rate the podcast!Tony's Newsletter: pmsuccess.com/pay-or-quit-podcastShawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/Follow Tony: X: https://x.com/pmsuccesscoWebsite: www.pmsuccess.comYouTube: https://www.youtube.com/@pmsuccess-coFollow Shawn:X: https://x.com/shawnAJohnsonXWebsite: https://www.shawnaustinjohnson.com/YouTube: https://www.youtube.com/@shawnaustinjohnson
S1: E2 Navigating the Culture Clash: Mergers, Acquisitions, and the Pain of Integration
Jul 22 2024
S1: E2 Navigating the Culture Clash: Mergers, Acquisitions, and the Pain of Integration
Send us a textNavigating the Complex World of Property ManagementIn this episode of 'Pay or Quit', hosts Tony Cline and Shawn Johnson delve into crucial aspects of property management, emphasizing the importance of proper timing when implementing value-associated fees and the pitfalls of fee maxing in the property management industry. They explore how bad timing can leave landlords with negative experiences, leading them to either sell their investments or manage properties themselves. The discussion also covers why real estate agents attempting property management and landlords who don't treat their investments seriously make the worst property managers. Furthermore, the hosts share their insights into recent books they've read, highlighting themes like organizational growth, personal development, and strategic innovation in business. They tease future topics, including the intricacies of a specific trademark, multifaceted benefits of real estate investment, and setting effective company goals.00:00 The Importance of Timing in Value-Associated Fees00:21 Introducing 'Pay or Quit': The Property Management Podcast00:45 Diving Into Today's Hot Topics in Property Management01:44 The Personal Side: Running Ultra-Marathons and Building Value03:45 The Controversial World of Fee Maxing in Property Management04:23 Unpacking the Fee Maxing Strategy: A Deep Dive07:23 The Impact of Legislation on Property Management Practices11:40 A Personal Journey Through Fee Implementation and Its Effects17:25 Maximizing Value: A Strategy Beyond Fees18:24 Unpacking Value Maximization in Property Management18:47 The Pitfalls of Fee Maximization and Its Impact20:25 The Dream of Fluid Agreements in Property Management23:34 The Worst Property Managers: A Candid Discussion25:41 Expanding on the Worst Property Manager Traits30:04 Diving Into Recent Reads: Strategy, Focus, and Insight31:56 Personal Growth Through Literature: A Trail Runner's Perspective35:51 Teasing Future Topics and Wrapping UpPlease rate the podcast!Tony's Newsletter: pmsuccess.com/pay-or-quit-podcastShawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/Follow Tony: X: https://x.com/pmsuccesscoWebsite: www.pmsuccess.comYouTube: https://www.youtube.com/@pmsuccess-coFollow Shawn:X: https://x.com/shawnAJohnsonXWebsite: https://www.shawnaustinjohnson.com/YouTube: https://www.youtube.com/@shawnaustinjohnson
S1: E3 The Worst Property Manager, How Fee Maxing Ruined Property Management
Jul 29 2024
S1: E3 The Worst Property Manager, How Fee Maxing Ruined Property Management
Send us a textIn this episode of the "Pay or Quit" podcast, hosts Tony Cline and Shawn Johnson dive deep into the world of property management. The episode kicks off with a discussion on the critical importance of timing when introducing value-associated fees in property management, setting the stage for a broader conversation about industry practices.After warmly welcoming listeners and sharing their excitement for the episode, Tony and Shawn introduce the main topics: the impact of fee maxing on the property management industry, the worst kinds of property managers, and their recent book reads. They argue that fee maxing, or the practice of maximizing fees without adequately increasing value, has damaged the industry by pushing landlords and tenants away.The hosts propose a balanced approach of "value maxing," focusing on increasing the value delivered before raising fees. They share personal stories and business strategies, highlighting practices like tenant home tutorials that add value and justify higher fees.The episode also features a lively debate on who makes the worst property manager, with the "opportunistic real estate agent" taking the top spot. Additionally, both hosts share their top book recommendations, including titles that provide insights into business strategies, personal growth, and cultural analysis.The podcast wraps up with teasers for upcoming episodes, promising discussions on topics like triple ties in trademarks and the benefits of real estate investing.-------------------------------Blue Ocean Strategy by Chan Kim: https://a.co/d/5GGAus6 Free to Focus by Michael Hyatt: https://a.co/d/eo4sRh6Black Rednecks & White Liberals by Thomas Sowell: https://a.co/d/50CWXIaThe Dream Manager by Matthew Kelly: Please rate the podcast!Tony's Newsletter: pmsuccess.com/pay-or-quit-podcastShawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/Follow Tony: X: https://x.com/pmsuccesscoWebsite: www.pmsuccess.comYouTube: https://www.youtube.com/@pmsuccess-coFollow Shawn:X: https://x.com/shawnAJohnsonXWebsite: https://www.shawnaustinjohnson.com/YouTube: https://www.youtube.com/@shawnaustinjohnson
S1: E4 CEOs that Succeed Have These
Aug 5 2024
S1: E4 CEOs that Succeed Have These
Send us a textWelcome to Pay or Quit, the podcast where Tony Cline and Shawn Johnson dive deep into the real secrets of property management—from landlord-tenant relationships to investment strategies and everything in between. In this episode, we tackle the resilience of successful CEOs, future impacts of AI on business, building impactful marketing strategies, and the ins and outs of selling a property management firm.🔥 **Topics Covered in This Episode:**1. The key factors that determine CEO success, based on an extensive Harvard Business Review study.2. Understanding AI's rapidly evolving role in business and reality.3. Effective strategies for engaging your team and adapting to changes.4. Maximizing the value of your property management firm when selling.5. Types of property management entrepreneurs and their unique approaches to success.👉 Whether you're a seasoned property manager or just starting out, Tony and Shawn provide valuable insights and actionable advice to help you thrive in your property management journey.✍️ **Show Notes & Resources:**- Harvard Business Review Study on CEO success: https://hbr.org/2017/05/what-sets-successful-ceos-apart - Real-world examples and personal anecdotes from Tony and Shawn.- The referenced video from the 2008 Election and social media companies: https://youtu.be/IzF7nBmwPso?si=RJnH8CvzgWRfB07C🔔 **Subscribe and hit the bell icon** to stay updated with our latest content! Don't forget to like, share, and comment on your thoughts below.#PropertyManagement #CEOSuccess #BusinessStrategy #aiinbusiness  #Marketing #realestate ------------------------------------------🔥 If you found this video helpful, share it with someone else! 00:00 Introduction to Vision and Communication00:31 Welcome to Pay or Quit Podcast00:59 Exploring the Future of Truth06:01 Impact of AI on Business and Marketing16:37 Planning Your Exit Strategy25:51 The Importance of Reputation in Acquisitions27:13 Types of Property Management Entrepreneurs27:44 The Real Estate Agent Turned Property Manager30:00 The Investor Turned Property Manager31:07 The Franchise Owner's Dilemma33:41 The Property Management Employee Turned Owner34:25 What Sets Successful CEOs Apart37:34 Deciding with Speed and Conviction40:24 Engaging for Impact43:37 Adapting Proactively45:56 Delivering Reliability49:07 Building Championship Teams51:01 Episode Wrap-UpPlease rate the podcast!Tony's Newsletter: pmsuccess.com/pay-or-quit-podcastShawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/Follow Tony: X: https://x.com/pmsuccesscoWebsite: www.pmsuccess.comYouTube: https://www.youtube.com/@pmsuccess-coFollow Shawn:X: https://x.com/shawnAJohnsonXWebsite: https://www.shawnaustinjohnson.com/YouTube: https://www.youtube.com/@shawnaustinjohnson
S1: E5 The Secrets to Building a Championship Team
Aug 12 2024
S1: E5 The Secrets to Building a Championship Team
Send us a textIn this episode of 'Pay or Quit,' hosts Tony Cline and Shawn Johnson dive deep into the essential components of building a championship team in the business world. They start by discussing the foundational elements like mission, vision, and core values, explaining their critical role in setting the direction and aligning the company. The conversation then shifts to a comprehensive breakdown of the seven crucial components necessary for creating a winning team: the game plan, rule book, playbook, positions, players, equipment, and scoreboard.Tony and Shawn share their own experiences from their time at HomeVault and other ventures, offering valuable insights into the challenges and triumphs they encountered. They emphasize the importance of having a clear mission and vision, creating policies before processes, and the significance of hiring the right people for the right roles. They also touch upon the pitfalls of promoting employees without proper training, known as the Peter Principle, and how it can affect team dynamics.Join us for an engaging and insightful discussion that not only reveals the gritty truth behind business success but also provides practical advice for entrepreneurs looking to build and lead successful teams. Don't miss this episode filled with real-world stories and actionable strategies!00:00 The Importance of Mission, Vision, and Core Values00:34 Welcome to Pay or Quit: The Real Stories of Entrepreneurs01:03 Challenges in Property Management: Key Topics01:27 Building a Championship Team: The Seven Critical Components02:07 The Role of Core Values in Business Success04:29 The Game Plan: Foundation of a Successful Company05:43 From Policies to Playbooks: Creating Effective Processes11:41 The Importance of Roles and Responsibilities19:44 Leadership One-on-One: Coaching and the Peter Principle24:28 Conclusion: The Realities of Running a Property Management CompanyPlease rate the podcast!Tony's Newsletter: pmsuccess.com/pay-or-quit-podcastShawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/Follow Tony: X: https://x.com/pmsuccesscoWebsite: www.pmsuccess.comYouTube: https://www.youtube.com/@pmsuccess-coFollow Shawn:X: https://x.com/shawnAJohnsonXWebsite: https://www.shawnaustinjohnson.com/YouTube: https://www.youtube.com/@shawnaustinjohnson
S1: E7 Asking For Feedback Can Turn Against You?
Aug 26 2024
S1: E7 Asking For Feedback Can Turn Against You?
Send us a textStrategies for Effective Masterminds and Real Estate InvestingIn this episode of 'Pay or Quit,' hosts Tony Cline and Shawn Johnson delve into the importance of providing feedback and the best ways to share experiences rather than directives in professional settings. They introduce key elements of successful masterminds, emphasizing the significance of clear and common goals, structured meetings, relationship-building, and accountability. Additionally, they explore the benefits of one-on-one meetings in fostering strong company cultures and reducing turnover. The episode also provides valuable insights into the financial advantages of real estate investing, covering topics such as cash flow, appreciation, loan paydown, tax benefits, and leveraging inflation as a hedge. Listeners are encouraged to utilize these insights to elevate their status in the property management and real estate investing markets.00:56 Today's Big Agenda01:15 Mastermind Success Recipes02:38 Structuring Effective Masterminds05:26 Building Strong Mastermind Relationships07:25 Setting Clear Goals and Accountability13:29 Mastermind Meeting Frequency17:54 Contributing and Commitment in Masterminds26:42 Mastermind Success and Community27:27 Six Critical Steps to Effective One-on-One Meetings28:28 Defining and Conducting One-on-One Meetings35:59 The Importance of Follow-Through in One-on-Ones42:17 Investing in Real Estate: An Overview42:38 Five Ways to Profit from Real Estate50:30 Leveraging Opportunities in Property Management53:35 Conclusion and Future TopicsPlease rate the podcast!Tony's Newsletter: pmsuccess.com/pay-or-quit-podcastShawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/Follow Tony: X: https://x.com/pmsuccesscoWebsite: www.pmsuccess.comYouTube: https://www.youtube.com/@pmsuccess-coFollow Shawn:X: https://x.com/shawnAJohnsonXWebsite: https://www.shawnaustinjohnson.com/YouTube: https://www.youtube.com/@shawnaustinjohnson