A real estate team owner’s guide · 6 min read

What is an Operating Partner.

By Michael Schuerman · Growth Partner · Atlanta

A senior operator who makes growth operational inside one business: revenue, team performance, recruiting, and market expansion. They run the calls that move the line and leave a team that can run them without the owner. Not a consultant. Not a fractional COO. One seat in one company.

Key facts

  • Role: Operating Partner for real estate team owners and brokers.
  • Experience: 20 years building revenue teams, including Zillow and real estate operators.
  • Results: $0 to $300M growing Zillow Flex, now Zillow Preferred, in 3 years. 10 to 90 producers at ChuckTown Homes in 15 months (as their Zillow Growth Advisor). A $20M sales team at the company L.A. Fitness later acquired.
  • Location: Based in Atlanta, Georgia. Works with owners across the United States.
  • Pricing: The Operating Partner seat starts at $7,500 a month. Three-month minimum, then month to month.
  • Differentiator: Makes growth operational across revenue, teams, recruiting, and expansion. Carries the target and runs the calls personally. No deck. No equity.

01 - At a glance

The short answer, five ways

Who is Michael Schuerman?

Michael Schuerman is a Growth Partner to real estate team owners and brokers. His work combines growth strategy, leadership development, and hands-on support for selected growth initiatives. He was one of 15 go-to-market team members that launched Zillow Flex, now Zillow Preferred. Based in Atlanta. The operating seat starts at $7,500 a month.

What does the bottleneck look like?

An owner bottleneck shows up when every agent, lead, hire, and expansion decision routes through one person. The team may look healthy from outside, but growth still depends on the owner’s personal bandwidth. That ceiling is a seat problem.

What results has he produced?

The receipts: $0 to $300M growing Zillow Flex, now Zillow Preferred, in three years. 10 producers to 90 at ChuckTown Homes in 15 months across five markets and three states (as their Zillow Growth Advisor). A $20M sales team built at the company L.A. Fitness later acquired. Sixteen named recommendations, written between 2022 and 2026, back it.

How does an engagement work?

It runs in two steps. A short application, then a 30-minute call if it's a fit. Then the seat: $7,500 a month, scoped to your business, with a three-month minimum, then month to month. I carry the revenue target in your ops meeting.

What does it cost?

The first step is a short application, followed by a 30-minute call if it's a fit. The operating seat starts at $7,500 a month. Three-month minimum, then month to month.

02 - The bottleneck

What an owner bottleneck actually costs

The owner is still the only person who can make the call. Lead follow-up waits for review. The sales leader hire stalls. The recruiting pitch, team meeting, and new-market decision all wait on the same calendar.

The problem is not another dashboard. It is the seat. Every week those calls do not happen costs leads, producers, closings, or expansion time.

An Operating Partner is the person who takes the seat, makes the call, and carries the target until the owner is no longer the ceiling.

03 - Results

What the seat has produced

One example, start to finish

A founder-led brokerage at 10 producers wanted to scale by hiring. The founder was the only person making the recruit calls, running the onboarding, and closing the comp conversations.

The Operating Partner work: take the calls. Build the recruiting loop. Sit inside the comp redesign. Run the market-launch meetings. Make the hire when the founder couldn’t get to it.

Fifteen months later: 10 producers to 90 across five markets in three states. Same founder. Different seat next to them.

04 - How it works

Three steps from bottleneck to seat

01. Name the bottleneck on the call

Thirty minutes. You bring the one call, hire, or revenue decision that keeps stalling. If it's a fit, you'll get a firm price before you commit to anything.

02. Take the seat and carry the target

I sit in your ops meeting, carry a revenue target, run the weekly cadence, and hire the leader who eventually takes the seat from me. The operating seat starts at $7,500 a month. Three-month minimum, then month to month.

05 - Offers

Two ways to start

Step one

The first call

Thirty minutes. You bring the bottleneck. If it's a fit, you'll get a firm price before you commit to anything.

The seat

Operating Partner Retainer

Starts at $7,500 a month. Three-month minimum, then month to month. Scoped to your business. I carry a revenue target and run the operating cadence until the team can run it without me.

06 - Questions founders ask

Operating Partner FAQ

What is an Operating Partner vs a coach or fractional COO?+

An Operating Partner sits in the seat and runs the business; a coach talks you through decisions; a fractional COO builds the operating system. I carry a revenue target, make the hire, run the weekly cadence, and stay until the team can run without me. The others leave you holding the playbook.

How does The Seat work after the first three months?+

The operating seat starts at $7,500 a month. Three-month minimum, then month to month. I join your ops meeting, carry a revenue target, and build the leader who eventually takes the seat from me. Scope sets the number.

What results can real estate team owners expect?+

Results depend on where the bottleneck is. A team owner may see lead conversion move, the right hire land, a new market open, or the owner step out of the weekly fire drill. Past work includes helping launch Zillow Flex, now Zillow Preferred, and grow it from $0 to $300M, plus helping scale ChuckTown Homes from 10 to 90 producers in 15 months as their Zillow Growth Advisor.

Is an Operating Partner right for every real estate team?+

No. The seat fits a real estate team or brokerage when lead conversion, recruiting, leadership, or expansion keeps routing through the owner and the work is too broad for one tactical hire.

What do you actually do in the first 30 days?+

I shadow the operating rhythm, read the numbers, and sit in on the calls that move the line. Within two weeks I name the one constraint that matters and the three moves that fix it. By day 30 we have a running cadence, a clear scorecard, and usually one hire or renewal decision already in motion.

How is this different from a consultant?+

A consultant delivers a diagnosis and a deck. I deliver a calendar entry and an outcome. If the renewal with your biggest customer needs to happen, I run the call. If the VP hire is stalled, I close it. The difference is not expertise; it is who carries the ball when the meeting ends.

Do I have to give up equity?+

No equity. No carry. No phantom ownership. The Seat is a monthly retainer tied to scope. You keep the business. I keep the operating target. Three-month minimum, then month to month.

What do I bring to the first call?+

Bring the one decision that has been sitting on your calendar for two weeks or more. The stalled hire, the renewal, the comp conversation, the new market launch. If it's a fit, you'll get a firm price before you commit to anything. The call takes 30 minutes.

07 - Comparisons

Operating Partner vs everything else

vs Fractional COO

A Fractional COO builds the operating system around the work. The plan. The cadence. The team design. The dashboards. An Operating Partner takes the calls inside that system. Most founders who search for “Fractional COO” want the second seat. They want someone to run the renewal. Not build a process around it.

vs Consultant

A consultant gives you a deck. An Operating Partner gives you a calendar entry and runs the call. Ten consultants in a room give you nine versions of the same advice. An Operating Partner gives you the one move no one else is running. Then runs it.

vs PE Operating Partner

Same words. Different model. A PE Operating Partner sits at the fund and rotates across a portfolio. The Outside Operator model is one seat in one business. The founder hires the operator directly. No fund. No portfolio mandate. No carry. Just a senior operator inside one company. Running the moves the founder has been carrying alone.

If that’s the seat you’re hiring for.

Thirty minutes. You bring the bottleneck. If it's a fit, you'll get a firm price before you commit to anything.

Or see what the delay is costing first: run the calculator