Unveiling 21 Top-notch Supplementary Income Opportunities Tailor-made for Real Estate Agents

OPS FOR EXTRA CASH
21 Top Ways Real Estate Agents Can Earn Extra Money
Written by
Marc Andre
Updated
October 4, 2023
If you’re in the real estate industry, you can turn your hard-earned skills into some quick cash. Whether you’re seeking to supplement your current income or even start your own business, here are some cool and achievable side hustle concepts.

While being a real estate agent could be your main gig or part-time work, remember that your skills and knowledge can be used in various profitable side jobs.

Here are some of the best side hustles real estate agents can delve into for more earnings.

1. Dealing With Property Management
Using your skills and local market insight to manage rental properties can provide a reliable source of extra income. Everything from finding reliable tenants, negotiating leases, and handling repair and maintenance needs can be done through this side hustle.

2. Invest in Rental Properties
An excellent passive income idea is to invest in rental properties. By buying, renovating (if necessary), and leasing out properties, you can generate a great passive income stream. As an agent, you usually have quicker access to the best listings, giving you a unique advantage.

3. Flip Houses
House flipping is another engaging side hustle. You buy a property, renovate it, and sell it for profit. It’s more of a hands-on job, but it can potentially result in a significant income.

4. Get into Investing
If active real estate work isn’t for you, you can still have a passive side hustle by investing. There are crowdfunding platforms like Fundrise that let anyone invest in commercial real estate.

5. Be a Notary
Offer notary services to your clients as well as others. You could be a mobile notary (traveling to the client) or offer this service from a fixed location. You’ll usually charge per document, so it’s pretty flexible and easy.

6. Offer Property Tax Appeals
Property tax appeals can sound scary to the average homeowner, so bring your expert knowledge to the table and assist people trying to save on their buys. This could be a pretty lucrative side hustle for a real estate agent.

7. Start a Blog or Website
Share your expertise by starting a blog or website that covers real estate topics. From buying and selling advice to tips for other agents, the possibilities are endless.

8. Start a YouTube Channel
Share your real estate insights through videos on a YouTube channel. This can be about general real estate topics or niche-specific areas. Many ways to monetize your channel exist, like selling ads, sponsorships, and promoting affiliated products.

9. Host a Podcast
Share your expertise with an even wider audience by starting a podcast. After building a following, you can earn through ads, sponsorships, or selling and promoting your own products or services.

10. Freelance Writing
You can use your writing skills to write about real estate topics and earn good money. Depending on the job, you could be paid above-average rates due to your industry experience.

11. Author a Book or eBook
Use your knowledge to write a digital or physical book about real estate and sell it online. It could be a great stream of passive income.

12. Create an Online Course
Create and sell an online course on any real estate-related topic. It’s a significant investment upfront but can generate passive income for years.

13. Referrals and Leads
Generate leads or refer clients to other businesses they might need, like photographers or home inspectors. Good leads result in sales or commissions and are highly valuable.

14. Real Estate Wholesaling
Wholesaling is an exciting side hustle – find a discounted property, find a buyer for it, and then make a profit. It requires minimal capital to start, making it one of the most popular side hustles for real estate agents.

15. Home Organizer
If you’re good at decluttering and organizing, this could be an excellent side hustle for you. You can work on your own schedule.

16. Home Staging Services
Offer home staging services to prepare clients’ homes for sale by making them more appealing. It’s straightforward to start, and there’s high demand.

17. Real Estate Photography & Videography
Good photographers can offer their services to real estate agents and homeowners. Drone photography and videography of properties can add a unique selling point to your offerings.

18. Consulting or Coaching
Become a consultant or coach using your extensive real estate industry experience. You can guide aspiring real estate professionals, small businesses, or large corporations.

19. Create Websites for Real Estate Agents
Use your web design skills to design and create websites for other agents. You don’t need any coding knowledge, thanks to platforms like WordPress.

20. Work as a Virtual Assistant
Offer administrative or other support services to clients remotely. This side hustle is perfect for those looking for more flexible work-from-home options.

21. Take Online Surveys
Although not tied to real estate, answering online surveys is a popular option. It won’t make you wealthy, but you can earn a few hundred dollars extra each month by answering surveys on your own time.

To conclude, your skills as a real estate agent can open numerous options for side hustles. All the above options utilize your skills and knowledge, allowing you to earn from various sources. Whether you enjoy home staging or whipping out the camera for property photos, there are plenty of exciting ways to earn some extra cash.