Since the start of the pandemic, more and more people have started working at home. This has created more time to explore new hobbies and passions. Side hustles have become more prevalent and have even turned into full time businesses for many. Real estate is one of those side hustles that has become increasingly popular, especially in the current market. If you’ve considered a new career in real estate yourself, here are some things you should know before you start your journey!
The first step to becoming a successful real estate agent is planning ahead. Most people study for and take their licensing exam while still working their current job. This provides some stability while you transition into your new career.
It is best to set money to the side while you wait to deposit your first commission check. It could be a matter of months before you see your first sale. Plan to put away a small nest egg to cover your daily and monthly expenses. There will be some financial aid available and the company you work for may cover your travel expenses, but having backup money is always a good idea.
Keep in mind as a real estate agent, you will have to be very flexible with your schedule. Your clients will most likely be available to meet on evenings and weekends when they are off work. This means you will need to make yourself available during these times.
Some real estate agents choose to set specific days of the week and weekend as their “work time.” This helps differentiate their work and personal life so they can maintain a healthy work/life balance. As long as you’re always upfront with your clients, they will respect you and your time.
You Are The Boss!
Real estate is one of the most attractive careers for many reasons, but the biggest is the ability to be your own boss. With being the boss comes freedom and flexibility but also the responsibility of your own salary. For many, losing their steady income can be daunting but like anything else, if you put in the work, you will reap the rewards.
Is Real Estate The Career For You?
A career as a real estate agent is certainly not for everyone. It requires a lot of time, energy, and patience. If you are a go-getter, a people person, and ready to be in control of your schedule and income, then real estate is a great option!
Not sure where to start? We would love to talk to you about the steps needed to become a real estate agent. Please contact us through our website or give us a call at 574-551-0316.