5 Ways to Make Money as a Real Estate Agent

5 Ways to Make Money as a Real Estate Agent

In this video, Realtor Matt Leighton shares 5 ways in which actual property brokers can generate income.

If you’re a new actual property agent, you might not have any offers closing. Or in case you are an skilled actual property agent, you might have offers closing, however they could have an extended closing timeframe like 45 or 60 days out.

These 5 methods can be along with serving to shoppers purchase and promote property. Also, we can’t be protecting wholesaling, flipping, property administration or shopping for an funding property and renting out the property.

This video can be for actual property brokers which might be searching for different methods to generate income as an actual property agent.

5 Ways to Make More Money as a Real Estate Agent

1:04 – Rentals. Helping folks lease residences, condos, and homes is an effective way to earn cash on the aspect whereas the larger offers shut. Rental transactions normally pay out wherever from 25% – 50% of 1 month’s hire.

The lifecycle of the deal is shorter and there’s much less stress as a result of you do not have to fret in regards to the house inspection or the appraisal coming again low. Leasing might be an effective way to earn a number of hundred {dollars} (and typically a thousand relying on the value level).

1:58 – Referral offers. If you already know of somebody trying to transfer to an space the place you aren’t licensed or possibly you might be licensed however it’s too far-off or you do not wish to drive to that neighborhood, you’ll be able to refer the consumer to a different agent and accumulate (normally) as much as 25% of the fee because the referral payment.

This works for consumers and sellers coming to and leaving city. As an agent, you could find different high brokers in several areas of the nation and if you already know somebody transferring to San Diego (for instance), you’ll be able to join them with a high agent in that market.

Some brokers have arrange their enterprise the place they’re solely referral actual property brokers they usually might solely do one or two offers themselves every year.

Closing private offers are enjoyable. But having different brokers shut offers for you when you get a paycheck is much more enjoyable!

3:40 – Recruit different brokers to affix your brokerage. Every brokerage or workforce can have some type of incentive for brokers to recruit different brokers to affix the brokerage.

The recruitment incentive could possibly be a $1,000 bonus, or it could possibly be one thing such as you receiving a ten% minimize of that agent’s transactions for the primary 6 or 12 months that the agent is with the brand new brokerage.

Check together with your brokerage to see what recruitment incentive is being supplied.

4:20 – Publish an info product or a e book. Having a e book or a web-based course is an effective way for actual property brokers to make passive revenue.

Writing a e book does take time, however it’s not as arduous as one might imagine. You have to write down at the least 10,000 phrases, which is actually an extended weblog publish.

If you go the e book route, select one thing that you just’re enthusiastic about. You could possibly be excellent at house staging. Or serving to consumers in aggressive supply conditions.

Think about one thing real-estate clever that you just’re excellent at and write 10,000 phrases about it.

Once you publish it, you are accomplished. There’s nothing else to do however accumulate a month-to-month direct deposit from Amazon.

Be certain to select a subject that has an viewers and isn’t too slender.

5:40 – YouTube advertisements. Yes, you’ll have to publish movies. And sure, you’ll have to hit 1,000 subscribers to allow monetization. But in case you are enthusiastic about placing out high quality content material on a constant foundation, this can be choice for you.

With YouTube income, you can also make wherever from a number of hundred {dollars} per 30 days and possibly even rather more relying in your viewers.

The aim is to have these 5 artistic methods to generate income complement your revenue for when the massive closings happen. So these income turbines pays on your bills, and whenever you get your closing examine, you’ll be able to reinvest that again into your small business to assist your actual property agent enterprise develop alongside the way in which.

My new e book ‘Condo Buying Mistakes’ is now obtainable: https://amzn.to/2V6qJNe

Real Estate Continuing Education Online Classes: https://goo.gl/Cr4Tpf

Looking for an actual property agent in your metropolis? I’ve a community of high producing brokers across the nation. Email me and I can put you involved with an agent in your space
[email protected]

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Matt Leighton – Arlington VA Real Estate Agent
Licensed in VA and D.C.
Century 21 Redwood Realty
1934 Wilson Blvd
Arlington, VA 22201

Real Estate