8 Best Side Hustles for Real Estate Agents In 2024
Last Updated on October 18, 2023 by John Cirelly
In today’s competitive market, finding the best side hustles for real estate agents can give you an edge and diversify your income streams. While it can take time to kick off your real estate career, know that there are several side hustles to help you along your journey.
Real Estate Photography
Real estate agents often possess a keen eye for property aesthetics. Why not put this to use by offering photography services? With just a basic camera setup, you could earn an extra $100-$500 per shoot, depending on the property and location. Offering this service can strengthen your relationship with clients, adding value to your primary business.
Home Staging Consultation
Home staging is crucial for helping properties sell faster and for higher prices. With your expertise, you could consult on home staging for a fee of around $300-$600 per consultation. The best part? This side hustle can often be combined with your main job, allowing you to offer a complete package to your clients.
Real Estate Investment
Investing in real estate can serve as both a long-term investment and a side hustle. By purchasing rental properties or flipping homes, you could earn a significant additional income. Earnings can vary greatly, from a few hundred to thousands of dollars per month. Plus, this option lets you use your market insights to pick profitable investments.
Freelance Writing
Use your real estate know-how to write articles, blogs, or even eBooks. Many platforms pay well for quality content; you can expect to earn anywhere from $50 to $200 per article. Not only can this boost your income, but it can also establish you as an expert in the field.
Virtual Tours Creator
Virtual tours have become indispensable in real estate marketing. With specialized software, you can create virtual tours for other agents or property sellers. Earnings can range from $100 to $400 per tour. This service is especially in demand now, given the increased reliance on online property listings.
Property Management
If you have experience in maintaining properties, offering property management services could be a lucrative venture. Fees are usually a percentage of the monthly rent, commonly 8-12%. This could also serve as a way to keep in touch with clients long after the initial sale, offering a full-circle service.
Real Estate Blogging
Start a blog and share your insights on the real estate market. Once you gain a following, you can monetize through ads, sponsorships, or affiliate marketing. Earnings can vary but expect at least $100-$500 a month to start. Blogging also enhances your online presence, making you more attractive to potential clients.
Real Estate Education
Sharing your expertise through workshops, webinars, or one-on-one coaching can be both fulfilling and profitable. Depending on the platform and audience, you could charge anywhere from $100 to $500 per session. This side hustle allows you to give back to the industry while also expanding your professional network.
Conclusion
Expanding your skills into side hustles not only diversifies your income but also reinforces your credentials as a versatile real estate agent. The best side hustles for real estate agents offer opportunities for both personal and financial growth.
