44 – Should I Use Friends or Family as my Leasing Agent?

Hello, and welcome to Episode 44 of The LeaseSmart Commercial Real Estate Podcast, brought to you by LeaseSmart.com. Your host is Craig Melby, the founder of LeaseSmart, whose objective is to find companies the best facilities and get them the best terms, making their business more profitable and less vulnerable to future, unpredictable circumstances.

Today Natalie springs a leasing question on Craig about whether it is wise to use a friend or a family member as your leasing agent. This is one of those situations that could be kind of tricky! Craig recommends that if the family member or friend is an expert in the commercial real estate market then it could be a fine arrangement.

You just have to be careful of two things. First, make sure that the individual is an expert in commercial real estate and not just residential real estate. Second, make sure that the individual wouldn’t have any conflicts of interest. This means that you wouldn’t want to use the friend or family member as your leasing agent if they were also the listing agent, for example. We hope this is helpful information for you! Thanks for tuning in!

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