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What are some profitable potential side gig businesses that can be started with a commercial real estate background?
The National Association of Realtors states that 70% of real estate agents have a side gig, with 45% of them being involved in real estate investing.
Real estate agents can earn up to $5,000 per month by offering property management services to clients.
House hacking, a side gig that involves living in one unit of a multi-family property, can save real estate agents up to 50% on their living expenses.
According to the Securities and Exchange Commission, real estate crowdfunding projects have raised over $100 million in the past year, making it a lucrative side gig for real estate agents.
Real estate agents can earn up to $1,000 per month by offering staging services to clients, increasing the sale price of properties by up to 10%.
The Bureau of Labor Statistics states that property managers can earn a median salary of $58,760 per year, making it a profitable side gig for real estate agents.
Real estate agents can earn up to $5,000 per deal by offering wholesaling services to clients, which involves finding and assigning contracts to investors.
According to a survey by the National Association of Realtors, 62% of real estate agents use social media to promote their business, making blogging and social media management a profitable side gig.
Real estate agents can earn up to $2,000 per month by offering photography and videography services to clients, which can increase the sale price of properties by up to 5%.
The real estate industry is projected to grow by 10% in the next decade, making it an ideal industry for real estate agents to start their own side gig businesses.
According to a study by the Urban Institute, real estate agents who invest in real estate investment trusts (REITs) can earn up to 12% returns per year, making it a profitable side gig.
Real estate agents can earn up to $1,500 per month by offering showing agent services to clients, which involves showing properties to potential buyers.
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