Side Hustles For Real Estate Agents: 17 Lucrative Ideas
If you’re a real estate agent looking to diversify your income and boost your earnings, you’ve come to the right place!
In this post, I am going to share 17 side hustles for real estate agents that can help you generate additional income along with your career as a realtor.
Whether you’re just starting out or have years of experience under your belt, these side hustles are a great way to earn extra money and build a steady stream of income.
From creating a blog to offering credit repair services for your clients, there are plenty of options to choose from, and I am sure you will find one that suits your skills and personality.
But you might be asking yourself…
why should you consider a side hustle as a real estate agent?
Well, a side hustle can provide financial security (especially through the upswing and downswing you can experience as a realtor), allow you to explore new business ventures, and provide a valuable source of income. It can also help you expand your network, diversify your skill set, and stay ahead of your peers.
So, let’s dive in and explore these exciting side hustle ideas for real estate agents. Whether you’re looking for a little extra cash, a part-time side gig, or a full-scale business opportunity, I am sure you’ll find something that aligns with your goals and aspirations.
Here’s The Best Side Hustles For Real Estate Agents
In this section, I’ll dive into each of the 17 side hustle ideas I have for real estate agents…
I will talk about how to get started, the potential income opportunities and the way real estate agents can leverage this in their existing careers.
1. Start A Real Estate Blog
Ok, I might be a little biased here because running a blog is how I generate an income online.
But I believe every real estate agent should have their own blog…
Creating your own blog can be a great way for real estate agents to make additional income and also supercharge their careers.
By providing helpful and valuable content to your audience, you can even attract potential clients and establish yourself as an expert in your field.
Not only can blogging help you attract more buyer and seller leads, but it can be a great way to earn money through other means…
- Run ads on your blog to earn extra income. (some bloggers earn a full-time income just from ads alone)
- Get sponsorships from other local businesses and services in your area.
- Promote affiliate offers on your blog.
This can be a great side hustle, or it can become an entire side business that provides reliable cash flow for you.
2. Offer Credit Repair For Your Clients
I remember a real estate agent I was working with telling me that many of their clients couldn’t purchase a home right away due to issues with their credit scores. And I thought to myself, this could be an amazing opportunity that can help these types of clients.
Instead of turning these clients away. A great real estate side hustle would be to offer credit repair services to them.
Not only would you be able to assist your clients with repairing their credit (which would be a great task by itself), but they will gladly turn to you when it’s time to purchase their home.
3. Real Estate Photography
Another way to make extra money on the side is to start a photography side hustle.
A part of selling homes is being able to showcase properties in their best light. Most active real estate agents try to outsource this to a freelancer, but if you have an eye for photography, then this can be an ideal side gig you can promote to other agents as a service you provide.
4. Create A Real Estate YouTube Channel
With the rise of the internet, creating content has proven to be a great way to show your expertise within your field, build rapport with your audience and is a great way to attract home buyers and sellers.
What’s great about video is you are able to build a relationship with potential prospects ahead of time, especially if you provide helpful walkthroughs, market updates, and helpful tips.
Not only is YouTube a great way to attract clients, but if you build a big enough following, it can open doors to ad revenue and sponsorships as well!
I know a few people who started YouTube as a side income project and decided to go full-time after gaining some success. They started thier channel focus on real estate, but quickly morphed into a local area guide/travel guide for their city.
5. Start Creating Drone Real Estate Videos And Tours
Using drones can take your listings to the next level and can set you apart from the competition. Many real estate agents choose to hire someone to capture aerial footage and virtual tours of their property.
But if you have an interest in drones yourself or just want to get into this hobby. Then, learning this skill yourself can open a few doors for yourself!
A great side job would be to offer this service to other local agents.
6. Offer Interior Design And Home Organization Services
Many new homeowners need assistance with interior design or home organization after purchasing their new home.
This can be a great opportunity for you If you have a passion or eye for interior design.
You can start a side gig as an interior designer, and you already have clientele to work with as an agent.
7. Become A Property Manager
Managing rental properties can be a profitable source of income for real estate agents.
All you need to do is handle some of the mundane day-to-day tasks that the property owner doesn’t want to deal with, like:
- Tenant screening
- Collecting rent
- Property repairs and maintenance
This is a great way to generate passive income since property management can be fairly passive with the use of technology.
8. Purchase Your Own Rental Property
Instead of managing property, you can look into investing in rental properties yourself!
By becoming the landlord and handling the property management yourself. You’ll be able to generate rental income, and your property can increase in value over time.
The only down side to this is you’ll need some capital to be able to get started.
9. Fix And Flip Houses
Another good option, if you have access to capital and knowledge of home renovations, is fixing and flipping houses.
I know there is a big market for buying distressed properties, turning around to fix them up, and then selling them for a huge profit within a short amount of time.
This is a business in itself, and I know many agents who stop real estate altogether to focus on this once they have the know-how and the resources to be able to do so.
And if you don’t have access to that kind of cash, below are two ways to get your foot into the door with his business idea.
10. Offer Home Repair Or Renovation Services
If you know your way around some tools and have knowledge of home repair…
Then, this is a hot service you can offer to help clients prep their houses for sale. This can get their homes show-ready and have more buyers putting offers on the property.
You also have the option to talk with investors to work on the distressed properties they are buying and make a deal with them.
Either way this skill has a lot of different ways to be able to make money from it.
11. Start Wholesaling Properties To Investors
Here’s a good way to get into real estate investing without needing to have a lot of funds.
Wholesaling properties is finding off-market deals and assigning these contracts to real estate investors for a fee.
This hustle is great if you have a way of easily finding these investment opportunities around your area.
12. Start A Real Estate Digital Marketing Agency
Digital marketing is a high-paying skill you can learn, and it can become a very lucrative side hustle.
You can learn this skill and apply it for yourself to generate more home-buying and selling leads…
Or you can use this skill and help real estate professionals brand themselves online and create campaigns for them to attract clients with different types of marketing strategies like:
- Blogging
- PPC ads
- Running a YouTube channel
- Social media marketing
- And more
Either way, you can always help other agents or use this skill for yourself.
13. Become A Real Estate Coach Or Consultant
If you have a lot of experience and knowledge, then you can turn that into a coaching or consulting service for new agents in your area. By sharing your expertise, you’ll be able to provide helpful guidance to your aspiring agents while earning a nice income at the same time.
14. Create And Sell Your Own Courses
If coaching or consulting is not your cup of tea, but you still want to be able to share your knowledge, then you have another option…
You can share your expertise through online real estate courses.
What’s great about this idea is that you can take it to a national level and sell your course to agents across the nation and not just in your local area.
15. Become A Virtual Real Estate Assistant
Another option is to offer virtual assistance services to other agents. You can help busy agents streamline their processes, which allows them more time to close their deals.
This is a great idea for new agents and can be a way for them to learn the ropes of the industry and possibly learn from someone more experienced.
If you are an established agent, then this hustle is probably not for you.
16. Offer Home Staging As A Service
Home staging is very important to home sellers in real estate. It can maximize the appeal of their home and also increase the chances of it selling at a higher price and quickly.
If you have plenty of home decor lying around and have an eye for design, you can offer this as an additional service to your clients (or do it complimentary) or offer this service to other agents.
17. Focus On Building Your Own Team
Last but not least…
If you have great leadership skills and enjoy managing others, then creating your own team can be a great side hustle for you, especially if you have too many referrals that you can handle on your own.
By creating your own team of agents, you’ll be able to mentor them and help them reach their own goals. At the same time, you will be compensated for your efforts.
And this is a win-win for both sides…
The better you can help your team, the more you’ll be able to earn.
Final Thoughts On How To Start A Side Hustle As A Realtor
There are plenty of different ways you can earn income on the side of a real estate agent.
Here are some tips to help you get started:
- Make sure you manage your time carefully. It’s easy to get distracted and let your main business fall apart. Ensure you create a schedule that allows you to dedicate some time to both your side hustles and your clients.
- Pick the right hustle for you: Choose something that interests you and complements the skills you already have. This will make it more enjoyable and give you a better chance of being successful.
- Set realistic goals: make sure you aim for specific and realistic goals you can achieve. Understand that creating another source of income is difficult and will require time, patience, and dedication.
Frequently Asked Questions
You may be wondering if it’s hard to make extra money…
The answer depends on the side hustle you choose and the effort you put into it. Some side hustles may require more time and effort. It’s important to choose something that aligns with your skills, interests, and available time so that you can have the best chances for success. (1)
Is It Hard To Make Extra Money As A Realtor?
As you can tell from this blog post. There are many different ways you can leverage your knowledge and experience in the real estate industry to be able to make some extra money as an agent.
You just need to be willing to learn some new skill sets and put in the time, effort, and energy to get something going for yourself.
Can You Make Passive Income As A Real Estate Agent?
Yup! There are plenty of opportunities on this list to be able to generate passive income, especially in the real estate market.
You can invest in your own properties, start blogging, create a YouTube channel, or even sell real estate courses.
But it’s important to remember that passive income still requires some upfront effort and ongoing maintenance to be able to maintain your income stream.
