Services Income

Adding services income to your real estate practice is a great way to diversify your income stream.

Services are a particularly great option for real estate agents because there are so many real estate-related service fields. In fact, many of these service side-hustles will work hand-in-hand with your real estate sales practice. You’ll be able to meet potential buyers and sellers through your service business who may become brokerage clients, and vice versa.

  1. With all services, there are three ways to create income streams:
    Do the work yourself and collect a reasonable fee for service.
  2. Negotiate referral fees with existing businesses. You refer clients to existing service businesses, and in return the businesses pay you a small referral fee. Of course the referral fee relationship should always be disclosed to clients. And you should only refer clients to businesses you would use yourself.
  3. Start a service business and hire contractors to complete the services on behalf of your company. This is much more scalable as services inevitably take time to complete. And your time is not only limited, but also incredibly valuable. This business model is typically the most profitable route, especially for time-consuming services.

We have great services income-related posts coming soon. Subscribe to get notifications as new content is posted!

Scroll to Top