6 Real Estate Side Hustles That’ll Make You Rich
Did you know that there are only 3 million licensed real estate agents in the United States of America? Selling homes is a great way to make an income or grow your wealth, but there are many other great real estate side hustles that you need to know about.
Becoming a real estate agent as a side hustle is a great way to continue growing your income and there are plenty of creative real estate agent side hustle ideas out there that you can implement into your life. You might be stressed about determining how to start real estate side hustle, but you’re in luck.
You’re in the perfect place to learn about some great options when it comes to real estate as a side hustle. Continue reading to learn more.
One of the best options when it comes to real estate side hustles is becoming a virtual assistant. This is a wonderful option if you’re someone that wants to continue working from home or even live life as a digital nomad. It is a great option because you don’t need to meet your clients or customers in person in order to make money.
Your job would consist of handling all of the things in the real estate process that your client doesn’t want to do. This could mean managing their appointments as well as sending emails to clients. You’ll also send personalized newsletters and keep an updated mailing list for the newsletters to go to.
While it might now sound overly glamourous, it is a great opportunity to make some side money in the real estate industry.
Real Estate Blogger
If you’re someone that has a way with words then another one of the best side hustles in real estate is using your gift of writing to create content for real estate blogs. This could be working for a blog that is already up and running and wants new writers to create content for them or it could be starting a blog of your own.
If you opt to start your own blog then you should know it will take some time to get the blog up and running and generate a nice following. Once you’ve gained a strong reader base you’ll start to see the passive income from your blog trickle into your bank account.
If you’re someone that is a talented writer with a passion and knowledge of real estate then becoming a real estate blogger is a great way to continue making passive income in the real estate industry.
Managing Airbnbs is another great way to start a side hustle in the real estate industry. You might assume that you need a property to rent out in order to make money on the side off of managing an Airbnb. That isn’t the case. You’ll need to find someone that owns an Airbnb but that wants to find someone to manage and run it for them.
If the Airbnb owner has multiple properties across the region or even the country then they’re going to want and need some help with running some of their properties. A good way to start is to find an Airbnb owner and offer them a deal of you paying the rent as the manager of their Airbnb.
From there, you’ll keep the property clean and welcome the guests that book the Airbnb. You’ll also pay the necessary insurance bills for the property while raking in all of the money that comes in from the guests that stay there.
Another great option of how to start real estate side hustles is by becoming a house flipper. This is a great option because if you excel at it you can make it your primary career and make tons of money. It gets even better if you know a good and trustworthy contractor to help you.
You’ll need to have a strong knowledge of the market and an understanding of the real estate trends in order to capitalize on this side hustle. It is a good idea to follow a complete guide and work with professionals in the industry in order to have the most success possible.
Part-Time Real Estate Agent
While there are three million real estate agents in the United States, not all of them work as real estate agents on a full-time basis. Some do it as a side hustle by handling showings of homes on weekends to grow their wealth and gain that extra cash flow. The money made from the side hustle is a great way to fund your next vacation or the down payment on a new vehicle.
It is also a great way to grow your network within the real estate industry in your area. You’ll open doors that will allow you to become a real estate agent on a full-time basis if you choose. You’ll need to be ready to invest some time and money into getting this side hustle off the ground.
Choosing to become a part-time real estate agent is one of the best options to choose when it comes to a real estate side hustle. It offers the best opportunity to make a healthy sum of money and if you find you’re passionate about it then you can make it your full-time career.
Another great way to start a real estate side hustle is through referral fees. In order to make money off of referral fees, you’ll need to have a good understanding of the market and a good network in the industry. This works by having a client that is moving to a new city or area.
You might not be licensed in that area to help this person find the perfect home for them but maybe you know another agent that can help. If you refer them to this license agent then you’ll get a part of their commission in exchange for the referral.
Start One of These Real Estate Side Hustles Today
Real estate is one of the best industries to get into if you’re looking for a viable side hustle. Real estate side hustles provide a solid passive income that can turn into a full-time career if you find a passion for it and develop a good network. You can pursue anything from a virtual assistant to becoming a licensed real estate agent.
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