Congratulations on your decision to pursue a career in real estate! As you start your new journey, it’s important to know that the real estate industry can be unpredictable, and there may be times when business is slow.
Do I really need a side hustle?
Whether or not you need a side hustle depends on your individual financial situation, goals, and personal preferences.
Real estate agents typically work on commission, which means your income can fluctuate depending on the state of the housing market and the number of transactions you complete.
Some agents may find it necessary to supplement their income and make the most of their downtime, with a side hustle.
Others may think of a side hustle as a distraction.
Ultimately, the decision to pursue a side hustle as a real estate agent is a personal one that should be based on your unique circumstances and preferences.
What type of side hustles can i do?
The side hustles described in this post fall under two categories.
| – Ideas that are related to real estate , such as property management, real estate investing, home staging etc. |
| – Ideas that are unrelated to real estate such as freelance writing, tutoring, blogging. |
In both cases, the potential earnings will depend on the demand for the service, the time and effort devoted to it, and the individual’s skills and experience.
How much can I make from a side hustle?
The amount of money you can make from the side hustles listed in this article can vary from $200 a week to upwards of $5000 regardless of the type of hustle.
For example, the cost of staging a small condo may be as low as $200-$300, while staging a large luxury home could cost upwards of $5,000 or more.
Non real-estate hustles are equally lucrative. Assuming an average hourly rate of $23 per hour, if an online tutor worked 20 hours per week, they could earn approximately $1,840 per month ($23 per hour x 20 hours per week x 4 weeks per month). This amount could be higher or lower depending on the amount of time devoted to it.
So where is the list you came here for ?
Here they are. Here are 15 side hustles that are perfect for new real estate agents:
- Property Management: If you have experience managing properties, you can offer your services to local landlords who need help managing their rental properties.
- Home Staging: Home staging is a popular way to help sellers prepare their homes for sale. If you have a knack for interior design, you can offer your services to clients who need help staging their homes.
- Social Media Management: Many real estate agents struggle with managing their social media accounts. If you have experience in social media management, you can offer your services to other agents who need help growing their online presence.
- Virtual Assistant: As a real estate agent, you’ll be busy managing your clients and growing your business. If you have experience as a virtual assistant, you can offer your services to other real estate agents who need help managing their administrative tasks.
- Freelance Writer: If you have a talent for writing, you can offer your services as a freelance writer to real estate publications or other agents who need help with their marketing materials.
- Property Inspection: Many buyers and sellers need property inspections before closing. If you have experience in property inspection, you can offer your services to clients who need help evaluating the condition of a property.
- Event Planning: If you’re good at event planning, you can offer your services to clients who want to host an open house or other real estate-related event.
- Graphic Design: If you have experience in graphic design, you can offer your services to clients who need help with their marketing materials or website design.
- Cleaning Services: If you’re willing to get your hands dirty, you can offer your services as a cleaner to clients who need help preparing their homes for sale.
- Photography: Professional photography is essential for marketing real estate listings. If you have experience in photography, you can offer your services to other agents or clients who need high-quality photos of their properties.
- Personal Shopper: Many clients need help finding the right furniture or décor for their homes. If you have a talent for interior design, you can offer your services as a personal shopper to clients who need help finding the perfect pieces for their homes.
- Landscaping: Curb appeal is essential for attracting buyers. If you have experience in landscaping, you can offer your services to clients who need help improving their outdoor spaces.
- Home Cleaning Products: You can make your own line of eco-friendly cleaning products for homes and sell them online. This is a great side hustle for those with an interest in sustainability and clean living.
- Carpooling Services: You can use your car to offer carpooling services to your clients or offer your services as a driver on ride-sharing platforms.
- Coaching and Training: When you eventually become an experienced real estate agent, you can offer coaching and training services to new agents who need help getting started.
As a new real estate agent, it’s important to remember that building a successful career takes time and effort. A side hustle can help you earn extra income, gain new skills, and stay productive during slow periods.
When choosing a side hustle, consider your skills, interests, and schedule. Don’t be afraid to try out different options until you find the right fit. With the right side hustle, you can supplement your income, gain new experiences.