Dominique and I have worked together off and on for almost 20 years. I’ve also worked with nephews, nieces, cousins, and wonderful people who have since married into the family. It makes sense, right? I love my family, and I love helping people find the right home - why not combine the two!
Did you know that 90% of businesses in the U.S. are family owned? Working with family members is common but can also lead to issues. Here are a few things I have learned along the way. I hope these tips are helpful - and I’m all ears if you have additional ideas!
- Get them involved! Dominique likes to say that she has been in real estate since she was three. While that may be a bit of an exaggeration, we definitely talked shop around the dinner table and she helped with age-appropriate tasks like handing out pumpkins, my annual tradition. Now my grandchildren help me with these tasks - maybe the third generation of Scura realtors??
- Give them a chance to shine. Family members bring different strengths to the table - some may be more tech-savvy, or have a knack for smoothing over negotiations, or know just what to say in an advertisement. I have always tried to let them choose their path and then stay out of their way!
- Be clear with responsibilities. Once a family member has found their path, sit down together to discuss job responsibilities and expectations. It may feel formal, but having this conversation now makes it easier if things need to be adjusted in the future.
- Keep home at home and the office at the office. While some spillover is inevitable, everything works better when personal issues are taken care of outside of the office.