What's going on everybody?
So, in today's video, I'm going to be going over seven different real estate side hustles
that each pay at least $20 per hour, can be done in any market in the United States and
require very little, and in some cases no experience whatsoever.
So this is great.
If you're a new real estate investor looking for some additional cashflow, maybe you're
a new real estate agent, and you're looking for some additional cashflow and experience.
Or maybe you just have a full time job, and you're looking to break into the real estate
industry, or just build up your savings so that you can purchase a property, or just
build up your savings just to have more cash.
So that being said, let's jump into the video.
Side hustle number one is Airbnb management or property management.
Anyone that has a rental property is always looking for a good property manager, and sometimes
these property management companies, they don't exactly have the best reputation.
So they might be charging thousands and thousands of dollars to manage a few properties.
They might be charging extra for repairs and things like that.
So if you're like a diligent, hardworking, honest type of person, you can approach different
real estate agents, different real estate investors, and start taking on the management
of some of these properties.
Now you wouldn't want to just like go take on a hundred unit portfolio just right off
the bat, because that would probably be out of your experience level.
However, most real estate investors or real estate agents or different people, they might
have like one, two, three or four different rental properties, kind of spread out across
the city.
So you can make some type of proposition where maybe you undercut the price of the other
property management company, charge them let's say $500 a month, or maybe even less than
that.
Usually with property management fees, you want to be at about 10% of the gross monthly
rent.
And the thing with property management companies too, if it's just you, you're not going to
have any overhead so maybe you could charge a little bit less and still have a pretty
good net profit at the end of each month.
Now the thing with Airbnb management, obviously a lot of people are doing Airbnb as well.
That's obviously going to be a lot more management intensive than just a rental property.
So you're going to have to factor in your fees, look at what other Airbnb property management
companies charge, maybe charge a little bit less.
And then again, don't take on more than you can handle.
But if you do a good job, they're going to refer you to other people.
And the owners of these properties might also have you take on additional tasks if you do
a good job with the management, and if you work hard and be honest and everything like
that.
So it's a great way to make income every single month, a great part time income, and eventually
it could be a full time income if that's something you want to do.
And then it's also just a great way to build experience in the real estate industry.
I actually got started as a property manager, a long time ago, and I learned a ton of things.
I mean, I have some crazy stories from working in property management with hundreds and hundreds
of units.
Because you see a lot when you have that many people.
So definitely look into property management, because people are always looking for good
property managers to take the dirty work off their plate so to speak, so they can focus
on other parts of their business.
And you'd be surprised how hard it is to find just like a good, honest, hardworking property
manager.
So that being said, let's get into side hustle number two, which is content creator.
So every real estate professional, whether you're a real estate investor, real estate
agent, whatever type of real estate professional you are, everybody knows that you should be
doing content creation in the form of your website, blogs, email marketing, writing different
articles, staying in touch with people, different things like that.
However, most real estate professionals are either too lazy, maybe they have too much
going on, or maybe they just don't want to actually write the content for their website
or for their email marketing.
So if you like writing, if you're good at writing, or even if you don't really have
that much experience but you're willing to learn and you're willing to work hard and
do the proper research, you can start creating content for different real estate agents,
real estate investors, maybe title companies, just to talk about different parts of the
real estate process.
And the great thing about content creation is that you don't need to be an expert necessarily
in real estate investing, in real estate agencies, whatever it may be.
All the information is out there.
You just would need to do the research and create the article, come up with an outline
and then create an article.
And these articles don't need to be like 10,000 words or anything crazy like that, but just
write simple articles about real estate.
I can guarantee you, every real estate professional out there is looking for a content creator.
If you approach them, maybe you could do one article for free, see how they like working
with you.
And then you could scale up the budget from there.
And similar to property management, if you do a good job creating articles, the person's
going to give you additional work, additional projects.
Maybe it's more writing, maybe it's other projects related to real estate.
So it's a great way to just get into the business.
And not only that, if they don't have more projects for you, they're probably going to
refer you to other people that need content creation in the real estate industry.
So overall, it's just a great way to make additional income.
And it's obviously a very flexible job.
You could write content from anywhere.
You could be on vacation, you could be in your apartment, you could be at Starbucks,
wherever it is.
And honestly, if you're a good content creator and that's something you're passionate about,
drop me a comment below, because I'm always looking for good content creators.
Next up we have social media management.
So, similar to content creation, most real estate investors, most real estate agents
are very bad at social media.
You know, there's a few that are amazing, but I'd say 95% of real estate investors and
real estate agents do not have their social media optimized in any way, including myself.
I could actually use some help in social media as well.
So, if you offer different real estate investors and real estate agents a service, where maybe
it's a monthly fee to optimize their Instagram, maybe Facebook pages, YouTube, different things
like that.
I can guarantee you, there's going to be people more than willing to pay you just to take
that off their plate.
A lot of agents and investors just get frustrated with social media.
They don't really know how to use it.
They know it's a big thing, but they're just not experts in it.
So, you can essentially start working for them, and build up a portfolio of clients
essentially.
I know many social media marketers that started with their first client, probably at a pretty
low price, built experience, got results for their client, expanded to new clients, eventually
got better at social media, increased their prices.
I mean, you can make your entire business, social media for real estate professionals
and real estate companies and things like that.
There's a huge potential for that, because most people just don't have it optimized and
they know they need to have it optimized.
And they're willing to pay 100, 200, 500, 1,000, $2,000 per month just to manage their
social media accounts.
Side hustle number four is hosting open houses for different real estate agents.
So, most real estate agents are completely overworked.
If they're a good real estate agent, they're working eight days a week.
They might not even have an assistant.
Maybe they have a team, maybe they don't.
But real estate agents, I can guarantee you are looking for people to host open houses
for them.
And I used to get these emails all the time, where they pay like basically $50 an hour,
so basically like 150 bucks to host an open house on a Sunday.
Because real estate agents, they're busy, they have three or four clients.
They don't have time to just sit at a house for three or four hours.
So if you have time, you can take this off their plate.
Now, obviously you do need a real estate license for this.
I mean, a real estate license is very easy to get and very inexpensive, so I would recommend
that you get one.
But you can build up a bunch of different clients, a bunch of different real estate
agents that you work with, or maybe just host their open houses.
And this is a great way to build clients, build experience, make some extra cash.
And this is great, especially if you're a real estate agent, but even if you're a real
estate investor as well.
You can still make some extra cash and gain some experience and meet some new people.
And when you're getting started as a new real estate agent, new real estate investor, you
want to stay as busy as possible, ideally getting paid.
So this is just a great way to add to your weekly and monthly income.
Side hustle number five is just wholesaling, bird-dogging, finding referral deals.
Basically just doing the legwork of digging up good potential properties, and then selling
the rights of the contract, or just getting a referral fee for finding those deals to
more experienced investors.
A lot of experienced real estate investors got started with wholesaling, with bird-dogging.
They would basically just send out letters, you can put up those signs, the we buy houses
signs.
And I have other videos that go more into depth on basically how to find these types
of deals.
But basically you just want to dig up these off-market leads, and most leads are not going
to want to sell at a discount, but if you find 10 or maybe even just 20 leads, I can
guarantee you there's going to be some good potential deals in there.
You might not get one under contract, but you're going to see some good potential.
Maybe another investor gets to before you, or maybe something happens, but getting 10
or 25 leads that are off market, offers a ton of value for yourself, because you can
eventually purchase those once you have more experience.
But also most investors don't want to actually do the work of finding the deals.
They just want to sit back, search the MLS, or just get a referral from a friend and that
type of thing.
So, if you're actually out there sending direct mail, door knocking, [inaudible 00:08:02]
signs, doing online marketing, digging up these leads, you can make a lot of money doing
that.
I mean, some people, that's their full time thing.
So definitely something to look into.
Side hustle number six is investing in [inaudible 00:08:14] or real estate crowdfunding sites.
Now I know if you're watching this video, it's not like you just have millions of dollars
just sitting around that you can invest in these sites.
However, you can invest as little as $500 into [inaudible 00:08:23] or crowdfunding
real estate websites, and you can get your first taste of passive income.
And I love passive income.
It's almost like a game to me.
I remember when I was getting started, I made my first $10 per month online, and I thought
that was the coolest thing in the world.
And I just wanted to build on that.
Then I got to $100 per month online, then 500, then 1,000, then 2000, and on and on
and on.
And I'm trying to build it to 100,000 per month in passive income.
I might not get there, but it's a fun goal.
And obviously it's going to help you out tremendously financially, if you just have passive income
streams coming in every single month.
Side hustle number seven is being a handyman to different real estate investors and real
estate agents.
And I can tell you, they are always looking for good handymen for different types of jobs.
With different rental properties, there's always going to be some repair that needs
to be done, or maybe painting or junk removal, or just different things like that.
So real estate investors are always looking for that.
And then real estate agents, on like final walkthroughs sometimes there's different issues.
Sometimes there's minor types of repairs that might not require a licensed contractor to
do them.
And so you can come in and offer handyman services.
And the same thing with all of these services, if you do a good job for one person, they're
going to refer you and refer you some more, and then you can increase your prices, and
then you can make an entire business out of it.
And then eventually if you want, you can apply for your contractor's license, which by the
way is not too difficult to pass.
I've looked at the test before, or at least looked at the study guide.
It's not the most difficult thing in the world.
So if you're more of like a handyman type of person, this could be a great opportunity
for you.
And eventually, you can get into real estate development or just build up your contracting
business.
So there you have it, seven different real estate side hustles.
And if you offer any of these services, I would love to get in contact with you or see
if it's good fit to work together.
So definitely drop your contact information in the comment section below, or just reach
out to me on Instagram or on my website or someplace like that.
So thanks again for watching.
Please like this video, please subscribe, and I'll see you in the next one.
All right, bye.