Best Side Hustles For Realtors in 2024

As a realtor, finding ways to boost your income and expand your professional network is crucial to thriving in the ever-changing real estate industry. Luckily, there are several side hustles that realtors can pursue to supplement their earnings and explore new opportunities.

In this article, I will explore some of the best side hustles for realtors in 2024. From offering staging services to providing marketing materials and venturing into photography, there are various ways for real estate professionals to diversify their income and enhance their skills.

Key Takeaways:

• Realtors can offer staging services to improve the presentation of homes and attract potential buyers.
• Providing marketing materials, such as flyers and managing social media accounts, can generate steady income and help enhance the marketing efforts of other real estate professionals.
• Realtors with photography or videography skills can create high-quality marketing material for local listings, increasing their visual appeal.
• Becoming a showing agent for larger brokerage firms can help realtors gain exposure and build relationships within the industry.
• Realtors who are notary publics can offer remote notary services, catering to the increasing demand for virtual real estate transactions.

Staging Services

Staging services can be a game-changer for realtors looking to boost their income and stand out in a competitive market. By focusing on the visual appeal of properties, real estate agents can offer home staging services as a valuable side gig. Through the strategic arrangement of furniture, decor, and accessories, realtors can transform spaces and create an inviting atmosphere that resonates with potential buyers.

By investing in decorative elements and leveraging their eye for design, realtors can help sellers showcase the full potential of their properties. Staging not only helps homes sell faster but also at higher prices. According to the National Association of Realtors, staged homes spend 73% less time on the market compared to non-staged homes. Furthermore, staged homes typically sell for more, with an average price increase of 1% to 5%.

“Staging services add immense value to the selling process. It creates an emotional connection between buyers and the property, helping them envision themselves living there.” – Sarah Thompson, experienced realtor

The Benefits of Offering Staging Consultancy

Aside from the financial advantage, offering staging services can open doors to collaboration with other real estate professionals. By partnering with local interior designers, contractors, and photographers, realtors can build a network of experts, expanding their reach and influence in the industry. These collaborations can also lead to more referrals and opportunities for joint marketing efforts.

As the demand for visually appealing listings grows, staging services will continue to be a sought-after service by sellers and buyers alike. Realtors who possess a keen eye for design and a passion for creating beautiful spaces can leverage this side gig to not only increase their earnings but also enhance their reputation and expertise within the real estate market.

Marketing Materials

As a real estate agent with a knack for graphic design, copywriting, or content creation, there is a fantastic side hustle opportunity to offer your services in creating marketing materials for other agents and brokers. By utilizing your skills, you can design eye-catching flyers, mailers, and even manage social media accounts for fellow professionals in the industry. This side gig not only allows you to earn a steady income but also helps other real estate professionals enhance their marketing efforts and reach a wider audience.

Creating visually appealing marketing materials is crucial in the real estate industry. Having the ability to design attractive flyers and brochures can significantly impact the perception of a property and attract potential buyers. Furthermore, by managing social media accounts for other agents, you can help build their online presence and engage with their target audience effectively.

Whether it’s creating a stunning visual representation of a property or crafting compelling copy to entice buyers, offering marketing material services as a side hustle allows you to utilize your creative talents while earning an additional income. By leveraging your skills in graphic design, copywriting, or content creation, you can establish yourself as a reliable resource for other real estate professionals, expanding your network and opening doors to new opportunities within the industry.

Photography or Videography

Real estate photography and videography are in high demand, making it an excellent side gig for realtors with a passion for visual storytelling. By capturing stunning images and videos of properties, realtors can help showcase the best features of a home and attract potential buyers.

With advancements in technology, including the use of drones, real estate drone videography has also become increasingly popular. Aerial footage provides a unique perspective and can highlight the size, layout, and surrounding area of a property, giving potential buyers a comprehensive view.

“Real estate photography and videography are essential for marketing properties effectively. High-quality visuals can make all the difference in attracting buyers and closing deals.”

Expanding Skills and Opportunities

Realtors who already have experience in photography or videography can easily transition their skills into the real estate industry. However, even those without prior experience can acquire the necessary knowledge through online courses or workshops.

“Being able to offer professional photography and videography services sets realtors apart in a competitive market. It not only benefits their clients but also opens doors to collaboration with other industry professionals.”

By adding photography or videography to their repertoire, realtors can generate additional income while providing a valuable service to clients. It also offers an opportunity to explore new creative avenues, build a strong portfolio, and expand their professional network within the real estate industry.

Showing Agent

As a realtor, one rewarding side hustle to consider is becoming a showing agent. This role involves conducting open houses and private showings on behalf of larger brokerage firms. By showcasing your expertise and interpersonal skills, you can gain exposure and build valuable relationships within the industry. Becoming a showing agent can also be a solid first step towards joining a reputable team or brokerage, opening up new opportunities for growth and advancement.

“Being a showing agent allows me to interact with potential buyers and showcase properties in a way that best highlights their unique features,” says Sarah, a successful realtor. “It’s a great way to expand my network and establish myself as a trusted professional in the industry.”

Why Choose Showing Agent as a Side Hustle?

By taking on the role of a showing agent, you can not only supplement your income but also gain valuable experience in real estate sales. The hands-on nature of this side hustle allows you to deepen your knowledge of the local market, learn effective sales strategies, and enhance your ability to connect with clients. Moreover, being a showing agent can provide a steady stream of leads, as you have the opportunity to meet potential buyers who may be looking to work with a realtor in the future.

“Being a showing agent has helped me develop my sales and negotiation skills,” says Mark, a realtor who started his career as a showing agent. “It gave me the confidence and experience I needed to eventually become a successful full-time real estate agent.”

Overall, becoming a showing agent offers a unique and fulfilling way to earn additional income while establishing yourself in the real estate industry. By leveraging your expertise and providing exceptional service to potential buyers, you can create new opportunities for growth and success in your real estate career.

Remote Notary Service

As the real estate industry continues to embrace online transactions, there is a growing need for remote notary services. Realtors who have the qualifications as a notary public can tap into this demand and offer their services virtually or on-site. By becoming a remote notary, realtors can assist with convenient closings and provide a valuable service to their clients.

Collaborating with title agents and real estate attorneys can provide insights and opportunities for realtors looking to start a side gig in remote notary services. These professionals can offer guidance on the legal requirements and best practices, ensuring that realtors are well-prepared to handle the necessary documentation for a smooth closing process. By staying updated with the latest industry trends and regulations, realtors can position themselves as trusted experts in remote notary services.

Virtual closing services are becoming increasingly popular, enabling realtors to conduct transactions remotely and eliminate the need for in-person meetings. With the convenience and flexibility of virtual closings, realtors can expand their client base and offer their services beyond their local area. This provides an opportunity for realtors to generate additional income by catering to clients who prefer the convenience and safety of online transactions.

Mobile Notary for Realtors: Expanding Opportunities

Another avenue for realtors interested in the notary services side hustle is to offer mobile notary services. By providing on-site notary services, realtors can bring convenience to clients who are unable to visit a traditional notary office. This can be particularly useful for clients who are busy or have mobility restrictions.

Realtors who offer mobile notary services can set their own schedules and rates, allowing for flexibility and the ability to accommodate clients outside of regular business hours. This can be a valuable service for busy professionals, elderly clients, or anyone in need of notary services at their preferred location and time.

By leveraging their existing network in the real estate industry, realtors can promote their mobile notary services to colleagues and clients. Word-of-mouth referrals can be crucial in building a successful mobile notary side gig. Additionally, realtors can market their services through online platforms, social media, and local directories to reach a wider audience and attract potential clients.

Administrative Assistant

As a realtor, I understand the importance of staying organized and managing numerous tasks efficiently. That’s why offering administrative assistance as a side hustle can be a valuable service for busy agents and brokers. By leveraging my organizational skills and computer proficiency, I can provide office support and help streamline administrative duties for fellow real estate professionals.

As a virtual assistant for realtors, I can take care of managing documents, updating business accounting software, and creating graphic elements using online design platforms. By handling these essential tasks, I can free up valuable time for agents to focus on their core responsibilities, such as client interactions and property negotiations.

“Having an administrative assistant who understands the intricacies of the real estate industry can greatly enhance the productivity of busy agents. It allows us to offload time-consuming administrative tasks and stay focused on providing excellent service to our clients.”

– Jane Thompson, Real Estate Agent

Office Support for Busy Agents

Being an administrative assistant not only provides an additional income stream but also allows me to build stronger professional relationships within the real estate industry. By supporting busy agents and brokers, I have the opportunity to collaborate and network with industry experts, expanding my knowledge and connections.

Whether it’s managing schedules, coordinating appointments, or handling paperwork, my role as an administrative assistant ensures that the operations of a real estate business run smoothly. By providing reliable and efficient office support, I can contribute to the success and growth of my colleagues while establishing myself as a valuable asset in the industry.

Offering administrative assistance as a side hustle allows me to utilize my skills in a way that complements my primary role as a realtor. This diversification of income streams not only enhances my financial stability but also provides me with a broader range of professional experiences and opportunities within the real estate industry.

Conclusion

As a realtor, diversifying your income streams through side businesses can be a smart strategy to maximize your earnings and thrive in the real estate industry. By exploring side hustles that align with your skills and interests, you can tap into new opportunities and create additional income streams.

There are numerous side businesses that realtors can pursue, such as offering staging services, providing marketing materials, or venturing into photography and videography. These side hustles not only provide additional income but also allow you to showcase your expertise and expand your professional network.

In addition to the aforementioned side hustles, don’t overlook the potential of remote notary services and administrative assistance. With the rise of online and remote real estate transactions, there is a growing demand for virtual closings and administrative support. By leveraging your existing skills and offering these services, you can contribute to a smoother real estate process while earning extra income.

Embracing side hustles in the real estate industry can help you diversify your income and open new doors for professional growth. Whether you choose to pursue one side of business or multiple, these endeavors can provide financial stability and enrich your realtor career. So don’t be afraid to venture into new territories and take advantage of the side hustle opportunities available to you.