The real estate market has always been a great industry to make some large amounts of money. Whether you’re investing in properties or are just working within the industry, there are opportunities for just about everyone.
Working in the real estate industry not only helps your wallet, but it helps other people and their communities. When you find or provide someone a home, you can know they are resting easy.
If you’re interested in making money in the real estate industry, but don’t have a lot of time to offer, these four side gigs may be perfect for you.
Become a Part-Time Real Estate Agent
The beauty of being a real estate agent is that you get to work for yourself. While you work under a broker’s name, you don’t necessarily have to meet certain quotas, be in the office at a certain time, or slave over reports at the end of the week.
As a part-time real estate agent, you’ll get to choose your own hours and the clients you work with. Thankfully, agents work off of commission, which means the more expensive home you buy or sell, the bigger your paycheck.
If you have a fairly large social circle and are willing to go through classes and training to get your license, then you may want to consider becoming a part-time real estate agent.
Become a Landlord
If you’ve found an excellent deal on a home in the real estate market and have crunched the numbers to see that it’s a good investment, then you could become a landlord. This is a great side gig that allows you to earn passive income each month from your tenants.
To make it even better, you can even hire a property management company to take care of the tenant acquisition and maintenance for you.
Flip or Rehab Houses
Maybe you’ve noticed a lot of worn down houses that need a little TLC in nearby neighborhoods lately. Now is the perfect time to buy one of these dilapidated or outdated homes and breathe some new life into it.
Whether you’re a DIY handyman or you want to hire a professional company such as Brickworks Property Restoration to do the renovations and updates for you, it could end up making you a lot of money in the end.
Once you sell the home with brand new features for a decent price, you’ll surely make a profit if you’ve done your research correctly.
Manage AirBnB Rentals
AirBnB has changed the game when it comes to tourism and traveling. While many people don’t consider this job to be in the real estate industry, it definitely can be!
Managing AirBnBs can be a quick and easy part-time job. This consists of making sure guests don’t have any problems, refreshing the space with new towels and sheets, and managing a cleaning crew to come in after each guest.
If you live in a highly touristy area or large city, this could be a fulfilling and wallet-expanding side gig for you.