Side hustles are not for everyone. They can be used to make extra income and gain new skills. A real estate side hustle is an effective way to make extra money and discover a new passion if you are interested in learning more about the industry. Real estate side hustles are a great way to build your income and gain valuable knowledge in the industry.
There are many ways to make extra money in the real estate industry. You could become a real estate agent, a property manager, or even start a business that repairs and renovations homes. Since some side jobs are related to real estate, you don’t need much training.
The best side hustles in the real estate industry are listed in this article. If you want to increase your income or create financial security, real estate is a great industry to explore.
17 Best Real Estate Side Hustles
Whether you’re a real estate agent wanting to supplement your income or would like to test the waters with a side job close to the industry, these real estate side hustles can put real cash in your pocket:
- Host a Rental Property
- REIT Investing
- Real Estate Crowdfunding
- House Hacking
- Real Estate Photography
- Fix & Flip Houses
- Bird Dog Real Estate
- Traveling Notary Public
- Real Estate Videography
- Become a Home Stager
- Home Appraiser
- Home Inspector
- Property Management
- Real Estate Consulting
- Get Your Lending License
- Creative Services
- Direct Lending
1. Host on Airbnb or Neighbor
While not totally hands-off, vacation rentals likeAirbnbs aren’t as involved as a side job where you offer your services day in and day out. Extra income can be provided by renting out a vacation property.
Some benefits of Airbnb renting:
- The property manager and cleaning crew can be hired to help with the workload. Ensuring that your property is taken care of effectively and efficiently will be helped by this.
- It is a guaranteed source of regular income if you live in a desirable area. It’s a great chance for anyone to make some extra money.
- Extra bedrooms can be rented out if you purchase a separate property. It is possible to increase your income by living in the same property.
- This service can result in a successful real estate side hustle. By using this service, you can generate a steady stream of income.
Renting out storage space with Neighbor is a good idea if you have more space than people.
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2. REIT Investing
Real estate trusts that own a variety of commercial properties that bring in steady profits are what REIT investing is all about.
A real estate investment trust is an entity that owns, finances, or rents out commercial real estate. Special regulations are put in place to protect investors and give them the chance to invest in commercial real estate. Shopping malls, entertainment venues, apartments buildings, and hundreds of others are included in these properties.
Real earning potential can be provided by investing in REITs. It is important to understand the risks associated with investing in REITs before making any decisions. There are mutual funds, stocks, and EFTs. Diversification is possible by investing in a combination of different types of investment vehicles.
Since they are required to pay out profits as dividends on a regular basis, REITs can be helpful as a source of regular monthly income. With the potential to provide investors with long-term capital appreciation, REITs are an attractive option for those looking todiversify their portfolio.
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3. Real Estate Crowdfunding
If you aren’t interested in buying your own rental property or don’t have the cash to put down on a mortgage, Crowdfunding can be a great way to invest in real estate. Crowdfunding allows you to invest in real estate without having to take on the responsibilities of being a landlord.
When other investors turn a profit, you pool your money with them to fund commercial real estate projects. Investing in commercial real estate can be a great way to increase your returns.
There are many types of properties and projects to invest in, as well as rates of return and timelines for when you will get paid. It’s important to research and understand the differences between these investments so you can make an informed decision about which one is right for you.
Real estate crowdfunding isn’t without risks, so be careful. Projects are never completed and real estate doesn’t appreciate as expected.
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4. House Hacking
This is buying real estate and dividing it into rental units so that you can live in another part of the house for free. You can use the extra income to pay off your mortgage quicker.
You can earn a lot of supplemental income with this practice. It could be a great way to increase your income. If you live in an in-demand area, your rental income can pay for your own housing. It is possible to save money on living expenses and build up your own wealth by doing this.
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5. Real Estate Photography
This is a great way to get exposure to housing transactions. It is a great way to learn more about the real estate industry in your area. If you are a professional photographer or an amateur with a good eye, you could provide photography services to real estate agents.
Photographs for online listings as well as paper flyers are required for every property that is being offered for sale. Making a strong first impression with potential buyers requires high-quality photographs. If you can photograph houses in your spare time, you can make a lot of money. A portfolio of your work can be used to market yourself to potential clients.
6. Fixing and Flipping Houses
Buying and restoring old houses to sell for a profit is an obvious side hustle for real estate professionals. The skills and knowledge they have as real estate agents can make this a great way to make money.
Some distinct advantages for agents who want to fix and flip:
- Before they hit the general public market, you know about fixer-uppers. It’s possible to gain an edge in the real estate market by getting in on the deal before anyone else knows about it.
- It’s possible to get approved quickly in a hot market with the help of a lender. It is important to work with a lender who can act quickly in a hot real estate market.
- You can use trustworthy contractors to improve your investment property as an agent.
- You will have no problem finding buyers when you sell as an agent. With the right marketing strategies, you can make sure potential buyers are aware of your property and ready to make a purchase.
7. Bird Dog
A real estate bird dog is someone who looks for undervalued properties for real estate investors in exchange for a flat fee or cut of the profits. Similar to hunting, real estate bird dogs help house hunters find properties. Real estate bird dogs are experienced agents who can locate properties that meet the buyer’s criteria and help them decide which one is right for them.
Market conditions and where you work will affect how much money you can make. When determining how much you can make, it’s important to consider your skills and experience. You could easily earn thousands of dollars in extra income if you are good at networking. You can use your skills to find opportunities to make money.
8. Traveling Notary Public
A licensed witness is provided for people to sign legal documents. The identity of the people signing the documents is verified by a notary public. It is convenient to have a notary come to you because it is hard to find one. It is possible to save time and effort in getting important documents notarized.
This can be done for extra money if a buyer or seller needs a notarized signature. An added layer of security and peace of mind can be provided by having a notary public on hand.
The great thing about becoming a mobile notary is that not all states require formal training. It is a relatively inexpensive side hustle to start. You can do it from your home.
You will be in business in no time if you check with your local secretary of state.
9. Real Estate Videographer
Another side hustle in the real estate business is taking video of houses that are on the market. You can use the video to market the property and make a nice profit. There is demand for both interior and exterior videos. The use of videos in real estate marketing is becoming more and more popular.
Most people like the option of a virtual house tour, not to mention the fact that it is convenient. It’s a good way to get a feel for the property before taking a tour.
This is a great opportunity for a creative who likes video to make extra money. This could be a very lucrative endeavor with the right skills and resources. It can be done in your spare time. It’s a great job for anyone who wants to supplement their income with a flexible schedule.
10. Become a Home Stager
If you love interior design and have a good eye for a clean, minimalist look, you would be perfect for a side job in house staging. House staging is a great way to make extra money.
A designer comes through with high-end furniture and art to give the home a polished look when a home seller clears out their home. The goal of staging a home is to make it look good.
Before photographs are taken for the listing, a house is staged. This helps to make the house attractive to potential buyers. It is more appealing to buyers to put nice touches on a home. Minor repairs and upgrades can help increase the value of the home.
Staging homes can be a great way to make money in real estate without being a real estate agent.
11. Real Estate Appraiser
Every house on the market has to be assessed. The sale price can be determined once the appraisal is complete. The market value is assigned to the area in which it is being sold. When a property is put up for sale, this value can be used to determine the price. A real estate side hustle that doesn’t require a real estate license is becoming an appraiser. A side hustle can be a great way to supplement your income.
It is possible to make money on the side and be involved in real estate at the same time with this job.
Since most home appraisers are self-employed, this could allow you to make money on the side of a regular job. If you become a home appraiser, you may be able to set your own schedule, allowing you to work when you please.
12. Home Inspector
A home inspector thoroughly inspects houses before the final sale so buyers know if there is anything seriously wrong with its structure, inside systems, or basic safety. The inspection helps buyers decide if they want to proceed with the purchase or negotiate for repairs.
Most states require a home inspector to have some training and certifications. The inspector needs to be aware of local building codes and safety regulations. Read your state’s requirements carefully when looking into this side hustle. To make sure you’re in compliance with the law, be sure to keep track of your income and expenses.
13. Property Management
Property management is in demand with rental properties being so popular. If you have been a real estate agent for a while, it would be a good fit. There are lots of opportunities for success with the high demand for property.
There are many different types of properties that need someone to manage them. Property managers need to understand the local rental market in order to make sure their clients are getting the best return on their investment. There are different types of rentals from rental homes to apartments. No matter what type of living situation you’re looking for, there’s likely a rental option to suit your needs.
It’s important for out-of-state homeowners or commercial rental property owners to have dependable property management.
14. Real Estate Consultant
A real estate agent can make a lot of money by becoming a real estate consultant. Real estate consulting is a great way to increase your professional network. Unless you choose to work for an agency, there are no clear-cut requirements for becoming a consultant. It is possible to gain experience and work in your field without the commitment of a full-time job.
This type of consulting involves advising clients, who could be commercial buyers, real estate investors, or developers, about real estate market health, various transactions, advisable investments, and the like. More and more people are seeking advice from experienced consultants to make the best decisions in their investments in real estate consulting is a fast-growing field.
15. Get your Lending License
Real estate agents are often doubling as loan officers. If you already have a real estate license, why not apply for a lending license?
A lender helps home buyers secure a mortgage so they can purchase their home. A lender can provide guidance and support throughout the entire home buying process to make sure you get the best possible loan for your needs.
Real estate side hustles can be lucrative if you offer lending services on the side. Before taking on any clients, you should check with your state’s laws and regulations. It is possible to be flexible if you are working for yourself. Depending on the situation, you can set your own hours and work as much or as little as you want.
16. Creative Services
Real estate agents can make a lot of money by doing things like staging houses, home photography, and videography.
If you have a strong creative side and real estate experience, you will be able to find clients. You may be able to handle more business opportunities than you can. The perfect angles for those photographs can grab a buyer’s attention. In order to get a buyer’s attention, the features of a home should be highlighted.
The minimal, fresh, and roomy atmosphere most buyers expect when touring a prospective home is what most agents are well versed in. It is important to remember that even with minimal staging, the goal is to show off the home’s best features and make it appear as inviting as possible.
The best thing about these side hustles is that you can offer them a job. You can start offering services by putting together a portfolio of your work.
17. Direct Lending is also an option
Direct lending is related to crowdfunding. If you have extra cash to invest and want to put it into real estate, you could go direct lending. Real estate crowdfunding platforms allow you to invest in real estate-backed loans with smaller amounts of money.
This involves working with a direct lending provider. If approved, the direct lender will evaluate the borrower’s creditworthiness and provide a loan. They manage and find clients for you. All the necessary tools and resources are provided by them. All you have to do is invest your money and watch it grow. It’s important to remember that investing money comes with some risk, so make sure to do your research before committing.
Benefits of a Real Estate Side Hustle
Whether your side hustle is related to real estate, or you’re looking for extra money as a real estate agent, there are many perks to having regular side income:
- There is more money to be saved for retirement. By taking advantage of employer-sponsored retirement plans, such as 401(k)s, you can start building retirement savings early on and benefit from the tax advantages they offer.
- You don’t have to worry about how to pay for your expenses. Setting up a budget that helps you better manage your finances and allocate funds for those monthly expenses is something you may want to look into.
- Extra money will be set aside for emergencies. Financial security is dependent on having an emergency fund.
- It is possible to learn new skills within your industry which can add to the success of your full-time work. If you invest in yourself, you will be able to succeed in your chosen field and stay ahead of the competition.
- A side hustle can give you a different perspective on how you spend your time. A side hustle can be used to develop new skills and build relationships with other professionals.
- If you are looking for a way out of your regular job, building up a side hustle can allow you to do so.
- Side hustles can lead to unexpected leads for your primary business. It is possible that the skills you gain from your side hustle can be applied to enhance the success of your primary business.
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Frequently Asked Questions
Who should consider a real estate side hustle?
A real estate side hustle could be the perfect answer for:
- The agent is waiting for the first few sales. He was looking forward to the day when he would experience the thrill of closing a deal.
- The next property or real estate investment can be pushed into overdrive by buyers or investors. They want a return on their investment that will give them long-term financial security.
- It is possible to try something related to real estate to see if it is a good fit. It’s a great way to explore the industry and get a better understanding of how it works.
- People with extra time, singles without kids, military spouses, and anyone else wanting to learn a new skill and earn. It is possible to do it from the comfort of your own home.
How lucrative can a real estate side hustle be?
The earning potential of any side hustle depends on many factors, such as the area you live in, the rates for your services, how many hours you dedicate, and which side job you choose. Side hustle success is dependent on your own dedication, motivation and effort.
Any of them could provide a steady income. Side hustles can turn into full-time jobs with the right amount of effort and dedication. Investing in real estate can be very profitable if you have little time.
If you have time and money for training, home inspection or appraisal, you could get some nice rewards. Loan officers can make a lot of money selling mortgages. They can give their customers guidance on how to make the most of their mortgage and secure the best rates.
What do you need to get started with a real estate side hustle?
Time is the first thing you will need to get started with a side hustle. Before making any major decisions or investments, you need to do research and be familiar with the industry. Make sure you don’t get too stretched out in your primary job. It is important to make sure that you are able to manage the workload without compromising your primary job responsibilities if you decide to take on extra work.
When you are ready to start working with a side job, check with your state for any licensing requirements. To make sure you are in compliance with all local, state, and federal laws, consult with a lawyer or financial advisor.
If you are going to be a self-employed contractor, you need to file information with your state. Before you start offering services, you should research your state’s requirements for self-employed contractors. Even if it is part time. I can work around my other commitments with this job.
Money, time, and equipment are other things to consider when choosing a service. Potential risks should be taken into account when offering the service.
Notaries need stamps and supplies, as well as access to inventory, for staging a house that is going on the market. The budget for such services must include the cost of supplies.
How can you get involved in real estate by investing only your time?
There are many side jobs in real estate that don’t require a lot of money. You can gain valuable experience in the real estate industry with these options. Some of them don’t need any money. Many of them require some form of investment to get the most out of them.
If you are a real estate agent, you can offer consulting and advising services. This is likely to take only your time. You won’t need a lot of money to make this happen.
For photographers or videographers who already own equipment, the only investment you will make is time when it comes to taking pictures and videos of real estate properties.
Real estate property management services take a lot of time. Real estate property management services require a lot of expertise and should not be taken lightly. It’s possible to rent out your home or property on platforms like Airbnb.
What should you avoid in a real estate side hustle?
Don’t chew too much when considering a real estate side hustle. Wait until you have spare time.
If you are not sure about a certain service, you might want to avoid spending money on costly training programs. It’s a good idea to research the service before investing in a training program.
Try to get a professional in that space to talk about their work. Researching the job’s requirements and responsibilities is an important step in determining if this career path is a good fit for you. If you can join them on a few jobs, that would be great. You can get a feel for what they do and how they do it.
Don’t jump into real estate investing or real estate flipping until you have consulted experienced professionals who can guide you. It’s important to research the real estate market and understand the risks associated with investing before making any decisions.
