33 Best Business Ideas For Real Estate Agents [2024]

Updated: January 10th, 2024

Are you a real estate agent looking to expand your business and increase your income?

With so many options out there, it can be difficult to identify the most profitable business ideas for real estate agents.

Luckily, we’ve compiled a list of the best business ideas for real estate agents.

Here are the most profitable business ideas and side hustles for real estate agents.

1. Start a real estate podcast

A real estate podcast is an audio show that covers topics related to buying, selling, and investing in properties. It provides a convenient and easily accessible way to stay informed and make informed decisions in the dynamic world of real estate.

Starting a real estate podcast is another popular business idea in the real estate industry.

As a real estate podcast host, you'll be responsible for planning, recording, and editing episodes. Episodes may cover a range of subjects, including market trends, financing options, home improvement tips, and interviews with industry professionals.

You'll also need to promote your podcast and build an audience. If you're successful, you could generate income through sponsorships and advertising.

How much you can make: $30,000/month

How much does it cost to start: $4,000 (?)

How long does it take to build: 30 days (?)

How I Started A Trading And Investment Community That Makes $30K/Month

Max Options Trading, a completely digital education platform founded by Max Heaney, has reached $24,000/month in revenue with over 400 active monthly members, and utilizes a combination of social media, Facebook ads, weekly newsletters, SEO updates, and partnerships to consistently attract and retain subscribers while maintaining transparency and authenticity in the stock trading industry.

About
Max started Max Options Trading about 4 years ago
Revenue
Max grew the business to $30K/month
Costs
It cost Max $4000 to start the business
Read by 3,066 founders

2. Start a home staging service

With the rise of online home selling, the need for home staging services has been increasing rapidly.

A home staging business can be an affordable and scalable venture, providing ample opportunity for growth and profitability.

Those who have a keen eye for design and enjoy collaborating with clients can find a rewarding career in home staging.

A professional home stager assesses both the interior and exterior spaces of a property and offers expert guidance on how to enhance its overall aesthetic appeal.

From selecting furniture and décor to arranging lighting and artwork, every detail is carefully considered to create an inviting and attractive atmosphere that appeals to potential buyers.

How much you can make: $1,700,000/month

$1.7 Million a Month: How Meridith Baer Built a Crazy Successful Home-Staging Business

Home stager Meredith Baer turned a $500,000 sale into a thriving business with Meridith Baer Home, expanding operations from California to Connecticut, New York, Florida, San Francisco, Las Vegas, and even Cabo San Lucas.

About
They started Meridith Baer over 26 years ago
Revenue
They grew the business to $1.7M/month
Read by 914 founders

3. Start a property listing app business

A property listing app is a digital platform for buying, selling, or renting real estate. This type of business connects property seekers with sellers or landlords, providing a convenient and efficient way to explore housing options.

Users can filter search results based on preferences like location, price, and amenities, making the process of finding a suitable property much easier.

By creating a user-friendly interface and incorporating features like high-quality images and detailed property descriptions, you can attract both buyers and sellers to your app.

The growth in the real estate market and the convenience offered by digital platforms make a property listing app a potentially lucrative venture for entrepreneurs.

How much you can make: $200,000/month

We Started A $2.4M/Year Coliving Business In Singapore

Casa Mia Coliving, a sustainable and modern co-living and property management company in Singapore offering affordable accommodation, has an annualized revenue of $2.5M with 150 bedrooms across popular neighborhoods, attracting young professionals and boasting a 10x LTV/CAC ratio, all while focusing on unit economics and profitable growth.

About
Eugenio started Casa Mia Coliving over 4 years ago
Revenue
Eugenio grew the business to $200K/month
Read by 3,572 founders

4. Start a property investment app business

A property investment app enables users to invest in real estate through their smartphones easily.

This app provides users with information about potential investment opportunities, property market trends, and financial insights to assist them in making informed decisions.

Users can directly browse, compare, and invest in properties through the app, simplifying the investment process and making it more accessible.

This business can be highly profitable because it caters to the growing interest in real estate investments, providing users with a streamlined and user-friendly way to enter the property market, which could result in potential high returns on investment.

How much you can make: $128,000/month

How long does it take to build: 21 days (?)

I Built $1.54M/Year Tool That Finds The Best Investment Properties [From UK]

Founder of PropertyData creates a subscription website for UK property investors and developers that is now making $128,000 per month in recurring revenue.

About
Michael started PropertyData almost 7 years ago
Revenue
Michael grew the business to $128K/month
Costs
It cost Michael $68000 to start the business
Read by 4,883 founders

5. Start a real estate investment club

Real estate investment clubs are non-profit organizations where investors join together to buy real estate properties and make joint investments.

Real Estate Investment clubs can work on 2 models: free to join for all or charge an annual fee, which would be less than a few hundred dollars. Every Real Estate Investment club should offer knowledge about different investment practices, how to advertise a service or a business, networking with fellow professionals in the real estate industry, etc.

To start a real estate club, you should consider the following points:

  1. Conduct market research and reach out to people who already have expertise in this field
  2. Attend meetings and find out how other clubs operate.
  3. Familiarize yourself with real estate laws and current market conditions.
  4. Once you decide your mission, start recruiting people and promoting your club

Investing in real estate can be a big step. Hence, it is always beneficial to form a partnership and find the best deal. Ideally, a club may charge between $50 to $150 per year.

How much you can make: $10,000 — $600,000/month

How long does it take to build: 240 days (?)

How We Started A $40M Real Estate Investment Fund

Equity Residences is a luxury real estate investment fund that has raised $40 million from over 200 investors, offering them access to a portfolio of luxury vacation homes for investment and personal use, with a minimum investment of $161,500 and plans to acquire a further twenty residences ranging from $1.5M to $4M.

About
Greg started Equity Residences almost 12 years ago
Revenue
Greg grew the business to $600K/month
Costs
It cost Greg $2500000 to start the business
Read by 12,629 founders

6. Become a real estate developer

A real estate developer is responsible for overseeing all the people involved in building or renovating homes, offices, retail centers, or industrial sites. Real estate developers are the people who turn empty land or neglected buildings into new properties.

To become a real estate developer, you need some initial capital and also be able to convince other people that your project is worth investing in. What kind of development you want to undertake should be clear to you, and you should be able to persuade others and make them see this venture will be financially successful.

How much you can make: $1,500,000/month

How I Bring In $30M/Year Investing In Mobile Home Parks

Entrepreneur Brandon Turner explains how he started a real estate investment company, Open Door Capital, which now manages over 5,000 rental units, bringing in $30,000,000 per year in revenue while only working a few hours a week, and aims to cross $1,000,000,000 in real estate by the end of the year.

About
Brandon started Open Door Capital over 5 years ago
Revenue
Brandon grew the business to $1.5M/month
Costs
It cost Brandon $30000 to start the business
Read by 5,590 founders

7. Start a rental property management platform

Rental property management is the process of finding and screening tenants, collecting rent, managing vacancies, and performing maintenance on rental properties. Rental property management platform is a software that helps you manage your rental property. It can be used to manage your tenants, collect rent, and keep track of other expenses.

The income you can earn from a rental property management platform is dependent on the number of properties you manage. If you are managing one property, your income will be relatively low. If you manage five properties, your income will increase but not by much.

Services of Rental property management:

  • Monthly rent collections
  • Security deposits
  • Property management fees
  • Maintenance fees

How much you can make: $1,000,000/month

How long does it take to build: 180 days (?)

We Launched A $12M/Year Property Management SaaS For Landlords & Tenants

TenantCloud is a leading property management software designed to assist DIY landlords in managing their rental properties, with revenue projected to reach almost $15 million by the end of 2021.

About
Joe started TenantCloud over 9 years ago
Revenue
Joe grew the business to $1M/month
Costs
It cost Joe $250000 to start the business
Read by 4,514 founders

8. Start a home renovation products business

A home renovation products business sells various products used to improve and update homes.

These products may include paint, flooring, lighting fixtures, hardware, and more.

Entrepreneurs in this field cater to homeowners and contractors looking to enhance or remodel their properties.

With the constant demand for home improvement, starting a renovation products business can be lucrative as it taps into a market where people are always seeking ways to beautify and upgrade their living spaces.

How much you can make: $16,000/month

How long does it take to build: 1 days (?)

NYC Opera Singer Moonlights as Home Contractor

This case study shows how Taerra Chiba grew a side business offering individual vocal lessons from earning $14k in her first year to currently making $4k per month, with a proven track record of acquiring more high-quality assignments by switching to HomeAdvisor.

About
Taerra started The Practical Diva LLC over 6 years ago
Revenue
Taerra grew the business to $16K/month
Read by 628 founders

9. Start a property development business

Property development involves the acquisition of land or existing buildings, followed by improvement of the property, and finally selling or leasing the improved property for a profit.

Developers take substantial risks in acquiring the property, securing financing, obtaining permits, designing the project, and overseeing the construction.

Property development can be highly profitable, offering significant returns on investment.

Property developers add value by transforming raw land or outdated buildings into modern and functional spaces like residential, retail, industrial, and commercial real estate.

How much you can make: $200,000/month

We Started A $2.4M/Year Coliving Business In Singapore

Casa Mia Coliving, a sustainable and modern co-living and property management company in Singapore offering affordable accommodation, has an annualized revenue of $2.5M with 150 bedrooms across popular neighborhoods, attracting young professionals and boasting a 10x LTV/CAC ratio, all while focusing on unit economics and profitable growth.

About
Eugenio started Casa Mia Coliving over 4 years ago
Revenue
Eugenio grew the business to $200K/month
Read by 3,572 founders

10. Build a property management software

Property management software is a specialized tool designed to help individuals or companies efficiently oversee and organize their real estate assets.

It streamlines tasks such as rent collection, lease tracking, maintenance scheduling, and financial reporting, making it an essential solution for those involved in property management.

Developing and offering property management software can be lucrative due to the increasing demand for automated solutions that save time, reduce manual errors, and enhance operational efficiency in the dynamic real estate industry.

How much you can make: $100,000 — $1,000,000/month

How long does it take to build: 272 days (?)

We Launched A $12M/Year Property Management SaaS For Landlords & Tenants

TenantCloud is a leading property management software designed to assist DIY landlords in managing their rental properties, with revenue projected to reach almost $15 million by the end of 2021.

About
Joe started TenantCloud over 9 years ago
Revenue
Joe grew the business to $1M/month
Costs
It cost Joe $250000 to start the business
Read by 4,514 founders

11. Start a real estate brokering business

Real estate brokering involves helping individuals and businesses buy, sell, and rent properties. As a real estate broker, you will connect buyers and sellers, negotiate prices, and handle the paperwork. To start a successful real estate brokering business, you must obtain a state license. This typically involves completing a certain number of real estate courses and passing a licensure exam.

In addition to a license, you will also need a strong understanding of the local real estate market and a network of clients and contacts. Marketing and networking skills are essential for attracting new business and building your client base. You should also be organized and able to manage multiple tasks and deadlines, as real estate transactions can be complex and time-sensitive.

To run a successful real estate brokering business, you must stay up-to-date on industry trends and regulations. This may involve continuing education courses and keeping abreast of changes in local zoning laws and market conditions.

Overall, real estate brokering requires legal knowledge, marketing savvy, and strong negotiation skills. If you are driven and passionate, starting a real estate brokering business can be a rewarding and lucrative career path.

How much you can make: $199,999/month

How long does it take to build: 7 days (?)

The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation

Radius Agent secures $13.1 million in Series A funding to accelerate expansion plans and reach a 5X growth rate, helping real estate agents succeed through providing the appropriate tools to market and brand themselves with the use of technology.

About
Biju started Radius Agent over 9 years ago
Revenue
Biju grew the business to $200K/month
Read by 607 founders

12. Start a property flipping business

Are you thinking about getting into the property flipping business?

Flipping houses (or homes) involves buyers purchasing distressed properties, fixing them up, and then reselling them for a good profit. The trick is to find a house that you can buy below market value and then turn around, sell it, and make money on it.

How much you can make: $80,000/month

Inspiring Leadership through Self-Actualization with Jordan Isham
About
Jordan started My Tennessee Home Solution over 4 years ago
Revenue
Jordan grew the business to $80K/month
Read by 21 founders

13. Become a property manager

A property manager is responsible for the day-to-day operations of a property. This can include tasks such as marketing and leasing units, collecting rent, and maintaining the property.

To succeed in this business, you’ll need to have strong people skills and be comfortable working with various clients. You’ll also need to be organized and detail-oriented. If you have these skills, starting your own property management business can be a great way to make money in the real estate industry.

The average property manager's salary in the United States is $54,183/year. The low-end range falls between 36k at 12% below to 79K+, which represents 24%.

With the recent craze of people wanting to invest in real estate, property management has never been more popular than now. Property managers often have the opportunity to work from home, making it an excellent option for those who want the flexibility of being their own boss.

The property management business is a great way to make money if you’re familiar with the real estate market and have strong people skills. You can make a lot of money by managing properties for investors.

How much you can make: $200,000/month

How long does it take to build: 362 days (?)

We Started A $2.4M/Year Coliving Business In Singapore

Casa Mia Coliving, a sustainable and modern co-living and property management company in Singapore offering affordable accommodation, has an annualized revenue of $2.5M with 150 bedrooms across popular neighborhoods, attracting young professionals and boasting a 10x LTV/CAC ratio, all while focusing on unit economics and profitable growth.

About
Eugenio started Casa Mia Coliving over 4 years ago
Revenue
Eugenio grew the business to $200K/month
Read by 3,572 founders

14. Start a real estate marketing agency

If you're a marketing whiz, starting your own real estate marketing agency could be the perfect business idea for you. As a real estate marketing agency, you'll be responsible for creating and executing marketing campaigns for clients in the real estate industry. This could include tasks like developing marketing materials, managing social media accounts, and conducting market research.

To be successful in this business, you'll need to have strong marketing and people skills. You'll also need to be comfortable working with a variety of clients. If you have these skills, starting your own real estate marketing agency can be a great way to make money in the real estate industry.

The salaries for those in the Real Estate Marketing industry are varied. The average earnings hover around ₹21lakhs, but can reach up to 50 lakh rupees depending on your qualifications and experience level.

The current trend of people searching for properties online is making the real estate marketing agency more popular than ever. In order to market a property effectively online, real estate agents need to work with a marketing agency that knows how to do just that. This trend is only expected to continue, so now is a great time to get involved in the real estate marketing business!

This is a great business idea for those with strong marketing skills. You can work with a variety of clients, which can be great for networking and building your business.

How much you can make: $10,000 — $250,000/month

How long does it take to build: 60 days (?)

I Created A $1M/Year Subscription-Based Toolkit For Real Estate Professionals

Coffee and Contracts is a digital marketing subscription service for real estate professionals that has helped over 7,000 members in just two years, with an average monthly revenue of around $165,000, and has grown at a rate of about 5% each month through organic traffic from Instagram and word of mouth.

About
Haley started Coffee and Contracts over 2 years ago
Revenue
Haley grew the business to $250K/month
Costs
It cost Haley $500 to start the business
Read by 10,497 founders

15. Start a real estate video service

Video content helps drive more eyes to real estate listings. According to statistics, real estate listings with video receive 403% more inquiries compared to those without listings.

Realtors and real estate brokers have shifted to the use of video not only to generate social proof but also to build trust with potential buyers and sellers.

Therefore, there is a high demand for video creators focusing on the real estate industry. Real estate agents use video to show off their properties, reach customers digitally, and start conversations directly with them. Therefore, starting a real estate video service can be a rewarding and profitable venture.

How much you can make: $1,500,000/month

How much does it cost to start: $500 (?)

How I Started A $500K/Month Video Production Company From My Bedroom in LA

Lemonlight CEO, Hope Horner, co-founded an on-demand video production company that has produced over 7,000 videos for more than 3,000 brands, generating over $6 million in sales and growing to a 45-person team, all without taking any outside capital and being recognized in Inc 5000 and Entrepreneur 360 for three years in a row.

About
Hope started Lemonlight about 10 years ago
Revenue
Hope grew the business to $1.5M/month
Costs
It cost Hope $500 to start the business
Read by 17,099 founders

16. Become a real estate website creator

Real Estate Website Creator Business is a resource for passive income. Real estate websites have become a must-have for real estate agents. Using a website builder like Squarespace, Wix or WordPress can help you stand apart from your competition. For most people, a real estate website creator is among the most effective businesses to start online.

Website Builders Market was valued at $1.46B in 2019 and is projected to reach $2.62B by 2027. Over the past five years, a very popular business that people have started is building real estate WordPress websites. This is a great business to start if you have some money saved up and you're looking for more freedom to work whenever you want.

How much you can make: $50,000/month

How much does it cost to start: $5,000 (?)

How long does it take to build: 90 days (?)

We Launched A Product Agency & Generated $100K In 3 Months

Modern Launch, a custom software development company, generated over $100k in revenue and achieved profitability within its first 3 weeks of bootstrapping, offering services including mobile application development, website development and design, and custom software development.

About
Cody started Modern Launch about 2 years ago
Revenue
Cody grew the business to $50K/month
Costs
It cost Cody $5000 to start the business
Read by 3,402 founders

17. Start a commercial real estate guide business

A real estate guide is the liaison between commercial property buyers and sellers. The commercial real estate guides are responsible for finding the potential property, listing a property, negotiating prices, and much more roles within the real estate industry.

Starting a commercial real estate guide business requires good industry knowledge. Know who are the potential buyers and find ideal commercial properties for sale or lease within your area.

As a commercial real estate guide, you may earn commission from the property sellers or charge the buyers a convenience fee for helping them find the ideal property faster and efficiently.

Rapid urbanization across the globe is one of the factors driving the demand for commercial spaces in major cities and towns. Therefore, investors are searching for local commercial real estate guides to assist them in finding ideal locations for their businesses.

How much you can make: $25,000/month

How long does it take to build: 365 days (?)

From Film to Real Estate: How I Run A $300K/Year Commercial Real Estate Business

Highline Real Estate Advisors is a startup commercial real estate brokerage firm making between $300,000 and $400,000 of revenue each year that uses new marketing techniques other brokers haven't adopted yet, and manages its business out of a private office suite with the founder taking home nearly 100% net income from his services.

About
Wayne started Highline Real Estate Advisors almost 3 years ago
Revenue
Wayne grew the business to $25K/month
Read by 2,689 founders

18. Start a property maintenance business

A property maintenance business is a service-oriented venture that focuses on the upkeep and care of residential or commercial properties.

This business involves tasks such as lawn care, cleaning, repairs, and general maintenance to ensure that properties remain in optimal condition.

As a property maintenance entrepreneur, you would be responsible for addressing various needs, from fixing plumbing issues to mowing lawns and repainting walls.

In recent years, the demand for property care services has been on the rise. As a result, starting a maintenance business can be a lucrative venture that offers a steady stream of income.

Property owners are always on the lookout for reliable and efficient solutions to keep their investments well-maintained, making it an excellent opportunity for entrepreneurs to tap into this growing market.

How much you can make: $1,000/month

How much does it cost to start: $8,000 (?)

How long does it take to build: 87 days (?)

You Don’t Need to Be a Software Developer to Turn Your Ideas Into Tech Products

PR-D is a UK SaaS company founded in July 2018 that assists clients in creating scalable goods, services, and integrations while focusing on reducing ambiguity around product development by offering the expertise and tools needed to turn an idea into a product.

About
William started Plot Tech about 3 years ago
Revenue
William grew the business to $1K/month
Costs
It cost William $8000 to start the business
Read by 269 founders

19. Become an Airbnb host

If you are interested in becoming an Airbnb host, the first step is to create a listing for your property or a portion of it on the Airbnb platform.

This will allow travelers from all over the world to rent your space and enjoy a personalized and unique accommodation experience.

By creating a welcoming atmosphere and providing excellent service to your guests, you can enhance your profile and attract even more visitors to your property.

With the potential to earn a steady stream of passive income, becoming an Airbnb host can be an excellent way to monetize your property.

How much you can make: $1,333 — $270,000/month

How long does it take to build: 215 days (?)

How I Bootstrapped An Airbnb Management Service To $35K/Month

HostButlers is Ireland's first professional property concierge service for short-term rentals on Airbnb, boasting over 200,000 hosted guests and profitability from month 5.

About
Gary started Host Butlers over 8 years ago
Revenue
Gary grew the business to $35K/month
Read by 22,040 founders

20. Start a property sales business

A property sales business involves buying and selling real estate helping people find homes or investment properties.

As a property sales entrepreneur, your primary role is to facilitate transactions between buyers and sellers, earning a commission for your services.

This business can be lucrative because real estate often appreciates in value over time, providing opportunities for profitable deals.

Additionally, the demand for homes and commercial properties remains constant, making it a stable industry with the potential for significant financial returns.

If you enjoy connecting people with their dream homes or investment opportunities, starting a property sales business could be a rewarding and financially promising venture.

How much you can make: $80,000/month

Inspiring Leadership through Self-Actualization with Jordan Isham
About
Jordan started My Tennessee Home Solution over 4 years ago
Revenue
Jordan grew the business to $80K/month
Read by 21 founders

21. Start a tenant finder/communications app business

A tenant finder/communications app is a digital platform designed to help property owners efficiently locate and communicate with potential tenants.

This app streamlines the rental process by providing a user-friendly interface for listing properties, showcasing available units, and facilitating direct communication between landlords and tenants.

It serves as a centralized hub for managing property inquiries, scheduling viewings, and sharing essential information.

The tenant finder/communication app can be a lucrative venture because it addresses the growing demand for streamlined and convenient rental solutions, saving time for both landlords and tenants while potentially generating significant income through subscription models or transaction fees.

How much you can make: $19,000 — $1,000,000/month

How long does it take to build: 180 days (?)

Raising $19,000 Building a Positive Card Game

PEAR Cards is a card-based tool/game that empowers players to open up and initiate positive conversations, and with the help of Ad Magic, their Kickstarter had an all-or-nothing fundraising goal, which they met with so much support the company is now growing through the power of Twitter and Instagram.

About
Matthew started PEAR Cards almost 7 years ago
Revenue
Matthew grew the business to $19K/month
Read by 7,604 founders

22. Start a commercial real estate agent business

A commercial real estate agent business involves helping clients buy, sell, or lease properties for business purposes, such as offices, retail spaces, or industrial facilities.

As a commercial real estate agent, your main tasks include understanding the local market, identifying suitable properties, negotiating deals, and guiding clients through the transaction process.

Commercial real estate agency can be lucrative because commercial properties typically involve larger transactions and higher commissions compared to residential real estate, providing the opportunity for substantial earnings for successful agents.

How much you can make: $25,000/month

How long does it take to build: 365 days (?)

From Film to Real Estate: How I Run A $300K/Year Commercial Real Estate Business

Highline Real Estate Advisors is a startup commercial real estate brokerage firm making between $300,000 and $400,000 of revenue each year that uses new marketing techniques other brokers haven't adopted yet, and manages its business out of a private office suite with the founder taking home nearly 100% net income from his services.

About
Wayne started Highline Real Estate Advisors almost 3 years ago
Revenue
Wayne grew the business to $25K/month
Read by 2,689 founders

23. Become a real estate bird dog

A real estate bird dog is someone who finds properties for investors. This can be a great business for those who have a strong understanding of the real estate market and know where to find good deals.

As a real estate bird dog, you'll be responsible for finding properties that meet the criteria of your clients. You'll need to be familiar with the area in which you're working and have a good network of contacts. You could start your business by working with a real estate agent or investor. Or, you could market your services online and work with clients directly.

The bird dog referral fee depends on the type of contract you have. For flat rates, they typically cost between $100 and 500 dollars per closed deal while percentage-based contracts can range from 2% up to 10%.

The current trend of people wanting to invest in real estate is making the real estate bird dog business more popular than ever. Bird dogs often work on a freelance basis, making it a great option for those who want the freedom to set their own hours.

This business requires very little start-up capital and can be a great way to make money in the real estate industry. To be successful, you'll need to be familiar with your local real estate market and have a good understanding of how to find undervalued properties.

24. Start a real estate inspections business

A thorough home inspection is a critical step in purchasing a home. A proper home inspection could uncover potentially life-threatening problems like faulty wiring, mold, poor plumbing, and other issues that can cause significant loss.

Thus, homebuyers hire certified architects to help them determine if the structure complies with the building code requirements. The Home inspectors inspect to ensure the property meets the zoning bylaws, residents' health and safety, and building standards. Start a property inspection business that is state-certified and follows industry practices to ensure the quality of your work.

25. Become a landlord

Investing in rental properties and becoming a landlord is a lucrative way to earn money in the real estate industry.

By purchasing properties and leasing them out to tenants, you can generate a steady stream of income through monthly rent payments.

In recent years, renting has become increasingly popular, making it an opportune time to dive into this market.

Aside from providing a source of cash flow, being a landlord also offers the potential for long-term investment gains and the freedom to be your own boss in managing your properties.

26. Start a real estate consulting business

A real estate consulting business provides expert advice and guidance to individuals and businesses looking to buy, sell, or invest in properties.

Consultants offer valuable insights into market trends, property values, and investment opportunities, helping clients make informed decisions.

By staying up-to-date with the real estate market and leveraging their expertise, consultants assist clients in maximizing their returns on property transactions.

Real estate consulting businesses provide clients with specialized knowledge to gain a competitive edge and increase profits in the complex and dynamic real estate industry.

27. Start a vacation rental management tool

A vacation rental management business offers software and services to help owners efficiently manage and market their properties.

This includes features like booking management, calendar synchronization, payment processing, and guest communication tools.

By offering an all-in-one solution, this business simplifies the rental process for property owners, helping them attract more bookings and streamline operations.

With the booming growth in the vacation rental industry, starting a vacation rental management tool business can be a lucrative venture as it addresses the increasing demand for effective and user-friendly solutions in this rapidly expanding market.

How much does it cost to start: $2,500 (?)

How long does it take to build: 30 days (?)

28. Start a real estate bots business

A real estate chatbot business creates and implements automated virtual assistants tailored for the real estate industry.

These bots are designed to engage with potential clients, answer inquiries, and provide information about properties.

By utilizing artificial intelligence and natural language processing, real estate bots enhance customer interactions, saving time for real estate professionals and improving overall efficiency.

Real estate chatbots streamline communication, increase lead generation, and allow real estate agents to focus on high-value tasks, ultimately boosting productivity and potential sales.

29. Start a luxury apartment selling business

Luxurious apartments feature better amenities and top-notch security. The demand for luxury apartments has also risen significantly. Increased purchasing power and the rise in unicorns have fueled the demand for luxury apartments.

If you are in the real estate business or interested in starting a realtor's career, the luxury apartments niche could be the best idea to start today. To start selling luxury apartments, join a brokerage firm or start your brokerage firm. If you are fresh from college and do not have the experience to go it alone, join a real estate brokerage firm.

Working under an experienced luxury apartments broker creates an opportunity to gain experience so you can start your luxury apartments brokerage firm.

30. Start a foreclosure cleanout business

Foreclosed homes need a lot of preparation before an open house. Realtors and banks will hire foreclosure cleanout companies to haul away old furniture, garbage, and other stuff from the foreclosed property.

In times of economic uncertainty, when many people are likely to default, one of the lucrative business opportunities you can start is a foreclosure cleaning business. A foreclosure business offers various services, including hauling furniture, rubbish, and debris and cleaning the home’s interior and yard. If you have a truck, you can start a foreclosure hauling business.

31. Start a real estate investment trust

A Real Estate Investment Trust (REIT) is a type of investment that allows individuals to invest in income-generating real estate properties without the need to purchase and manage them directly.

Think of it as a company that owns, operates, or finances income-producing real estate, such as apartment buildings, shopping centers, or office spaces.

By investing in a REIT, you become a shareholder in the trust, and in return, you receive a portion of the rental income and profits generated by the properties.

REITs are attractive for those interested in real estate because they offer a way to diversify their investment portfolio, receive regular dividends, and potentially benefit from property value appreciation.

Starting a REIT business involves understanding the real estate market, selecting suitable properties, and managing the financial aspects of the investment to provide returns for shareholders.

32. Start a lease brokerage business

A leasing broker is a professional or a firm that arranges lease transactions involving commercial and industrial equipment. The lease broker has to be experienced in locating prospective lessors and advising the clients on current market conditions.

To become a lease broker, acquire the necessary certifications and focus on building your network of contacts.

33. Start a real estate appraisal service

Starting a real estate appraisal service is a great way to get involved in the industry without having to buy or sell property. As a real estate appraiser, you'll be responsible for estimating the value of properties. This can involve anything from single-family homes to commercial buildings.

To be successful, you'll need to have a strong understanding of the real estate market and the factors that affect property values. You'll also need to be licensed in your state. But, if you're up for the challenge, starting a real estate appraisal business can be a great way to make money in the industry.

Licensed appraisers can make between $40,000 and 100K. They can work for an appraisal management company (AMC), lending institution or government agency. Salary starts at about 40k with top end reaching up to 120 K depending on experience.

Starting a real estate appraisal business offers a niche opportunity that can be very profitable. Appraisers can often work from home, making it a great option for those who want the flexibility of being their own boss.

With the increase in transactions, there is a need for appraisers to accurately value properties. If you have the skills and experience, starting your own appraisal business can be a great way to make money in the real estate industry.

It 's important to note that, while there is a demand for appraisers, the industry is highly regulated. You'll need to be licensed and have the proper credentials to operate your business.

meet the author
Samantha Walls

I'm Sam Walls, COO of Starter Story - a platform and community for entrepreneurs and future founders to learn what it takes to build a great business. I joined the Starter Story team approximately 3 years ago, with the goal of providing our readers with the best, most valuable, and inspirational content on the internet.