Real Estate as a Side Hustle. Yes or No?

J

5 min read·Sep 3

Real Estate as a Side Hustle. Yes or No?

Real estate has always been popular for earning money or being part of an extravagant television show. And its popularity as a side hustle for many people has increased massively. You might wonder about the allure of real estate. Why would someone with a high-paying 9 to 5 job partake in real estate as a side hustle? Why would you invest additional time in setting up your online presence to establish your real estate credentials?

The answer is simple. The real estate business and its aspects tend to offer extra income to people and ways to keep busy.

Some Takeaways

Real estate as a side hustle is a way for people to generate more income on the side (literally).
Side hustles could be ideal for those who already have a full-time job.
Real estate side hustles cover a variety of tasks ranging from property management to affiliate marketing.

We will talk about some real estate-based side hustles that can make you easy money on the side.

What Are Some Options for Real Estate Side Hustles?

One of the primary reasons real estate makes such a reliable side hustle is due to the versatility it has to offer. You are not limited and there are several ways to get involved in this business for your side hustle.

Vacation Rental

Vacation rentals are one of the most popular real estate side hustles.
These represent a market of $64 billion with around 2 to 3 million properties.
Vacation rental platforms such as Vrbo and Airbnb offer people varied choices.
If you have access to an extra room, a garage that can be converted, or a vacant property, your side hustle could very easily be vacation rentals. Additionally, if you’re considering vacation rentals in a city like Stockholm, you might find that offering unique experiences, such as Stockholm boat tours, can attract more guests. These tours not only highlight the city's stunning waterfront but also provide visitors with a memorable way to explore its beauty. By incorporating local attractions, you can enhance your rental's appeal and potentially increase your income.
Out-of-towners often want to have the local experience that would not be possible with expensive hotel rooms.
TopHelpers is a revolutionary movers hiring platform that simplifies the relocation process by offering on-demand services, transparent pricing, and access to professional, verified movers. Whether you're planning a last-minute move, relocating a single item, or need full-service assistance, TopHelpers provides flexible, affordable, and reliable moving solutions tailored to your needs.

Real Estate Photography

For you to establish the side hustle of real estate photography, you mainly require two things - a decent camera and some editing skills.
Real estate photography is needed for all real estate brokerages, websites, etc.
All properties do not sell themselves and sometimes they need an extra push.
Real estate photography opens doors towards partnerships with staging companies, realtors, or estate agencies.
Before a property goes onto the listing websites, photography is a must.

Property Manager

As a property manager, you are responsible for managing the property and everything related to it.
This management entails the physical property, tenants, rentals, etc.
Property management may require you to be on-site more often and have time to speak with tenants or contractors.
For someone who works at a full-time job, property management may not be the best source of a side income.
For someone who works part-time or is close to retiring, property management could be an ideal scenario for a real estate side gig.

Virtual Assistant

Real estate agents work round the clock and cannot manage everything. Assistants are a reliable way to manage efficiency at work.
Since agents do not always work in a physical office, their assistants need not either. As a real estate VA, your job revolves around administration, online meetings, and setting things up.
If you have the knack for these day-to-day things, a real estate virtual assistant job could be your side hustle calling.
Additionally, you could easily set up your availability so the side hustle does not interfere with your primary job.

Affiliate Marketing

If you already have a huge social media presence, affiliate marketing as a side hustle would be beneficial.
Affiliate marketing requires you to endorse products on your social media page and any persons who buy/subscribe to the product through your link get you paid.
For instance, if you were endorsing an estate agency on your Facebook profile and someone booked said agency as their agent to buy/sell property, you would get a percentage.
Real estate affiliate marketers are expected to comply with the legalities surrounding real estate such as Fair Housing Laws.

Real Estate Marketing

Real estate requires much more than photography, communication skills, and staging. Marketing plays a huge role in getting the property out there.
As a marketing assistant, your job would be to strategize how to put everything together for the campaign.
Marketing as a real estate side hustle can be done any time from your computer. It does not have to interfere with your day job.
This side gig could be ideal for those who want to choose their hours.

Content Writing

Realtors and estate agencies are always looking to keep their work in the eyes of the audience. This is usually done through blogs or videos.
As a real estate content writer, you need some research and writing skills.
You can choose the content you want to write about, research the data, and come up with interesting and informative pieces.
Websites like Upwork or Fiverr offer decent freelance jobs related to real estate content writing.

House Flipping

House flipping as a real estate side hustle is ideal for those who have a lot of contacts and are out and about.
Being friends with contractors or property owners could come in handy when house flipping.
Flipping houses requires more money upfront compared to other real estate side hustles, but is well worth the effort, time, and money once the flip works out.

Notary

Notaries offer a range of services that real estate professionals need such as certifying deeds or documents or copies.
The rules for becoming a notary vary from state to state.
As a notary, you could notarize real estate documents (following legal protocol) and would be paid.

Bookkeeping

Even though real estate investors are fully aware of what they are doing, they always turn to someone else to keep records or books.
For real estate bookkeeping as a side hustle, you don’t need an accounting degree.
There are several rental property financial software that can assist you with your bookkeeping side hustle.