Looking for Side Hustle For Realtors?
What can realtors do to earn money on the side?
What’s essential to know?
Keep reading as I have gathered exactly the information that you need!
Let me tell you how realtors can earn more money with an awesome side hustle!
Are you ready?
Let’s get started!
Side Hustle For Realtors
Are you a real estate agent wondering how you can make more money on the side as you focus your energy on your real estate job and duties?
Having a side hustle is a great way for many to make more money, achieve their financial goals faster, lower their debt levels, or achieve financial independence.
If you are looking for a side hustle as a real estate agent, the idea is for you to be able to do something “on the side” to earn more money without compromising your revenues, reputation, and earnings primarily coming from your real estate career.
As such, the best type of side hustle for realtors is one where you can continue focusing your time and energy to serve your real estate clients, it does not distract you from your primary duties, it is not difficult to start, and it can even potentially help your real estate business grow.
Before embarking on any type of side hustle, it’s important that you do your homework to ensure that you are not going to compromise your real estate license, you will not get into any conflicts of interest, and that you are not exposing yourself to high levels of risk.
With that said, let’s look at the best side hustles for real estate agents and realtors.
Recommended article: Passive income ideas
21 Top Side Hustles For Realtors
Let’s look at the top side hustles that realtors can engage in to make more money and live happier lives.
1- Property Management
Many real estate agents find that they can make good money with property management as a side hustle.
The idea is to offer property management services to real estate owners where you help them collect rent, find new tenants, manage tenant requests, and help deal with issues.
Many real estate owners do not like managing their property and they may trust their real estate agent to handle not only the buying and selling of their property but also its management.
2- Write eBooks
Realtors should consider making money by writing an ebook.
For you to succeed in this side hustle, you will need a few things: have the expertise that others are looking for, have an interest in writing, and write something that will bring value to your readers.
If you can write ebooks that the market is willing to pay for and read, you can make a nice passive income on the side.
3- Create Online Courses
A good way you can earn passive income with a side hustle is to create online courses.
Since you are already a real estate agent and are familiar with the real estate industry, you may have acquired a specific type of knowledge that can be worth creating a course around.
The idea is to teach others something about the real estate industry that they will be willing to pay to purchase an online course.
Recommended article: What are different sources of income
4- Credit Repair
There are many who are looking to purchase a real estate property who end up being told by their financial institution that they do not have the credit to get the financing that they need.
If you know about credit scores and the best practices for improving personal credit, you can potentially charge customers for advice on how to improve their credit scores.
The idea is to help them improve their credit score so they can eventually be able to qualify for the loan that they need to buy their desired real estate property.
5- Affiliate Marketing
Affiliate marketing is a profitable way for real estate agents to make more money on the side.
The idea with affiliate marketing is to promote third-party products and services where you earn a commission whenever someone clicking on your affiliate link makes a purchase with the third party.
The more you can generate traffic and the more people click on your affiliate link to ultimately make a purchase, the more money you can make.
6- Blogging
Blogging is an interesting way for real estate agents to make money.
Since you are a realtor and have knowledge of the real estate business, you can write blogs on topics that you are familiar with.
If you are providing useful information to your readers, they will come back to your site to read more of your content.
You can then monetize your blog by having advertisements appear on your blog pages.
Recommended article: Pros and cons of blogging
7- Staging Services
Staging services is a great way to complement your real estate business.
Real estate agents know that when a property is properly staged, you will have greater chances of selling it.
If you know how to stage a property, you can charge money to your clients to prepare their home and stage it so it can appeal to potential buyers.
8- Referral Agent
Some real estate agents may find that acting as a referral agent can be quite profitable.
In cases where you have people contacting you for properties located in other markets, you may be able to refer your leads to other real estate agents in exchange for a referral fee.
Just like any business, do your due diligence and make sure that you have the right to charge referral fees as per the applicable laws.
9- Real Estate Project Management
Acting as a real estate project manager is something close to being a property manager but for specific projects.
If you have experience in certain types of construction, renovation, or real estate projects, you can act as the project manager for that project so things can advance smoothly.
This can be a good complement to a realtor’s day-to-day responsibilities
10- Real Estate Coaching
If you like coaching people and giving training in person, you may love to have a real estate coaching side hustle.
There are many people that would like to start investing in real estate or do something in the industry but do not have the confidence or skills to do so.
When you become a coach, you are sharing your experience, knowledge, and expertise with others.
This can be a great way to make money.
Recommended article: How to make money from foreclosures
11- Fix-and-Flip
Fixing and flipping real estate properties can be a really nice way to make money.
The objective of the fix-and-flip is to find a real estate property that you can purchase for a modest price, renovate, and sell for more than it cost you.
When embarking on fix-and-flip projects, you should make sure that you properly understand the real estate market, and overall economic conditions, and have the right people who can help you renovate the properties.
12- Dividend Stocks
One of my favorite ways for earning passive income as a side hustle is by earning dividend income.
Dividend income is the most passive type of income you can earn.
All you need is to invest in a dividend-paying stock and then collect the dividend payments over time.
The only downside with this side hustle is that you need a lot of capital to earn a decent enough dividend income and you need to understand the stock market and the risks associated with stock investing.
13- Digital Products
Digital products refer to the process of creating a digital product, document, or application that others will pay to download.
There are many calculators, how-to guides, courses, and other digital products that you can sell for a fee.
What you need is good traffic to your site, a compelling reason for people to purchase your digital product, and an easy check out process.
14- Content Writing
Content writing refers to the process of writing content on things that you know and selling it to companies that need the content.
Since you are a realtor and may have a lot of experience in the field of real estate, you may have what it takes to write about mortgages, real estate transactions, the due diligence process, or any other aspects of real estate.
You can also write on any other topic that may interest you and sell it to those that need it.
Recommended article: What is a personal blog
15- Photography
If you like taking pictures and photography, wouldn’t it be amazing to make money selling your pictures as a side hustle.
If you can take pictures that others need for their blog, website, or online store, you can earn a commission whenever you sell your pictures.
You can work with sites that act as intermediaries between photographers and end customers to increase your chances of selling your pictures.
16- Real Estate Investing
Let’s face it, you’re already in the real estate business and you know the real estate market.
How about you take some of your own money and invest it in real estate to earn rental revenue or generate capital gains.
Realtors and real estate agents who have the cash and appetite for some risk can surely make a fortune investing in real estate.
You can purchase residential properties, commercial properties, office buildings, industrial properties, and more.
17- Deliver Food With Doordash
If you are organized and you can plan your visits and customer visits properly, you can potentially make money delivering food with Doordash.
Doordash is a platform allowing you to earn over $20 per hour delivering food to customers in a specific area.
This may not be the way you can become rich but you may be able to pay for the gas you’ll consume for a client visit.
18- Proofreading
If you enjoy reading and mastering the English language, consider getting paid to proofread material for others.
Proofreading consists of correcting the written material others produce for a fee.
Depending on the volume of proofreading that you feel like doing, you can make good money this way especially if you register on platforms like Fiverr or UpWork for gigs.
Recommended article: What is residual income
19- Start A Podcast
If you are a good speaker and enjoy discussing different topics with others, then you should consider starting a podcast.
Many listen to podcasts to hear other people’s views, stay on top of the latest trends, or simply relax.
If you have a topic that you are passionate about and you are a good storyteller, you can make good money with podcasts over time.
20- Freelancer Services
If you are a real estate agent or realtor and you have useful skills that others may be willing to pay you to get, then you should become a freelancer.
You may be good at graphic design, you may know how to build a website, and you may have good skills in putting together a business plan.
No matter what unique skills you have, you can make money selling your services as a freelancer.
21- Cleaning Business
Another side hustle that can be related to a realtor’s job is to run a cleaning business.
That’s right, as a real estate agent, you may find yourself having to sell properties that are not clean or well-kept.
You can offer your cleaning services to clean your client’s properties for a fee.
Recommended article: How to make 1000 a week
Takeaways
So, there you have it folks!
What are the different high-paying side hustles for realtors?
If you are a real estate agent and you feel like doing something else on the side so you can earn more money without compromising your real estate business, this article is for you.
There are many ways you can earn money next to your real estate business, it all depends on how much time you will want to put toward the side hustle, how much it will distract you from your current customers, and how much you can earn over time.
Some side hustles expose you to very little risk but may only generate small sums of money while other side hustles may be more risky or complex but can earn you more money.
In this post, I cover the top side hustles that you can engage in as a realtor so you can make money on the side without compromising your real estate business.
Good luck!
You May Also Like Related to Top Side Hustles For Real Estate Agents
Become a Referral agent
Start a Staging service business
Invest in Real estate
Start a Content writing agency
Start a Cleaning services
Start a YouTube Channel
Start a Podcast
