When we talk about Part-time real estate agents the first question arises in mind, Can Real Estate be a side job? You must have guts, a hard-working attitude, and some hours to become a successful Part-time Real Estate Agent. But can it be done in part-time hours?
The answer is yes. It is possible, but you must put full effort into these few hours. You have to work a few hours daily to get success in this part-time agent job. Anyone can become a Expert Real Estate Agent you just take a course and get the license without spending a lot of time and money.
Becoming a part-time real estate agent has its perks and challenges, Even though it’s great to close the deals and rewarding to help clients, working as a real estate agent requires lots of things to do to get all the work done. It is a rewarding journey offering the flexibility to balance other commitments while earning significant income.
To do a Part-time Real Estate Agent job you must know the positive and negative aspects of part time agent job. Here I also provide some tips to help you how to do this job effectively.
Positive Sides of Part-Time Real Estate Agent
Flexible Hours: One of the main attractions of this part-time real estate job is the flexible hours. You can continue your primary job and build your career in real estate. You can work around your job, family, and studies flexibility allows you to manage all the above things in flexible hours.
Low Initial Investment: If you want to start a part-time real estate agent job it’s initially a low-investment job, you just need to invest for the pre-licensing course, licensing exams, and marketing material but these costs are manageable. You can get experience by joining a Real Estate Agency to become a part-time real estate assistant it’s not costly although you must earn some commission.
Reduce Your Financial Risk: When you work part-time, you can reduce your financial risk. You have your primary job security it’s a blessing for you. In the starting year real estate will be hard on the wallet. You have to bear all your finances for the Real Estate Business on your own until you make the first commission.
You will have to pay for everything out of your pocket. That includes marketing jobs, fuel, wardrobes, office fees, professional association dues, and more. There are your living expenses like food and shelter.
But when you enter into a real estate part-time job you eliminate your risk. You can maintain your lifestyle thanks to your primary full-time job. Your full-time job helps you to build your real estate business full-time job in the future.
Network Opportunities: Real Estate Business is all about relationships, so build connections with clients understand their needs, and give them reasonable advice for buying or selling their property. You should show interest in them as a person except than as a client and develop a relationship with them. Build connections with other Estate Agents and professionals and follow up with them for market updates. If you follow this step, you will be able to be a good Real Estate Agent.
Work From Home: You can start this Real Estate Agent Job from home. As people are used to searching all the things on the phone they also search for property for sale online. You can start your social media page as a Real Estate Agent and post updates about the property you have for sale.
Negatives Sides of a Part-Time Real Estate Job
There are also some Negative sides of Part-time Real Estate Jobs:
Time Management Challenges: Time management is a big challenge in real estate part-time jobs. Clients often demand quick response and availability in the Real Estate Market, which can be difficult to manage sometimes with a full-time job. But if you have the guts to handle clients in this type of situation with your good communication it will be good for you.
Limited Availability: You may not be available for shows, meetings, or client calls as a part-time agent, which could be the reason for missing opportunities. It could create a negative impact on buyers and sellers. But again if you have good communication skills you will get the opportunity.
Difficulty In Gaining Trust: Everyone does not trust a part-time real estate agent. When future clients know that you do real estate part-time, they will be wondering, Why is he working part-time? Is he not qualified for a full-time position? Will he be available when I need him? Will he work as hard as a full-time agent?
Many prospective clients believe part-time real estate agents aren’t as committed as their full-time counterparts.
You will be rejected by many future clients just because you are a part-time agent, it may be unfair but it’s the truth.
Slower Career Progression: Your career progression may be slower as a part-time real estate agent. You might be closer to fewer deals per year, which can delay your growth and experience in the real estate market.
Hard To Get Broker: It may be hard to get a broker who’s interested in working with a part-time agent. Brokers depend on their agents to make money. As you do a part-time job you may not earn as much money so the broker has no charm to get you in with its team.
When looking for a broker choose one who offers support in the form of team and training programs, and make sure that you will be working part-time.
Tips for Success as a Part-Time Real Estate Agent
Develop A Strict Schedule
You must be disciplined when working part-time. Make a strict schedule and stick with it. Your quick five-minute diversion can turn into two hours. So make a strict schedule and use tools to organize your day’s important tasks. Setting clear boundaries between your full-time job and your real estate work, it will help you to stay focused.
Utilize Technology
Utilize Technology to stay connected with your clients. Marketing can take up a lot of time, but it will be easier to deal with once you have it on an automated system.
A CRM (Customer Relationship Management System) will make marketing tasks easier. It will help you schedule email campaigns and social media posts so you can be sure your campaigns are working for you without spending hours on the phone or at the computer.
Join the Real Estate Team
A real estate team consists of many agents, they all are active in the buying and selling process. If you are not available to show the property, your co-team member may be able to cover for you. As a part-time agent, joining a team is a good choice.
Focus On A Niche
Identify your favorite client category and go with it. Yes, specialize in a particular type of property whether it’s commercial properties, luxury homes, or a specific neighborhood. Focusing on a niche allows you to build expertise and confidence faster.
Set Clients Expectations
When you are trying to balance a full-time job and a part-time real estate agent job, it could be challenging to motivate sellers and nervous buyers.
But you can set clients’ expectations and manage them by knowing when you’re available and when you will be calling them back. Be sure to stick to your commitments so they don’t end up with your deals.
Continuous Learning
Learning is important in all fields of work, always stay connected on real estate market trends, market conditions, and laws. Attend community meetings, workshops, and webinars to improve your skills and knowledge. It makes you more competitive even as a part-time real estate agent.
Leveraging the Right Tools
1. Customer Relationship Management (CRM) Systems
Top Choices: HubSpot CRM, LionDesk, Follow-Up Boss
Purpose: It is very use ful tool for real estate agents, CRMs help you manage client interactions, track leads, and automate follow-ups. They keep all your client data in one place, making it easier to stay on top of your tasks and nurture relationships, even when your time is limited.
2. Real Estate Listing Platforms
Top Choices: Zillow Premier Agent, Realtor.com, Redfin
Purpose: These platforms allow you to list properties, find leads, and connect with potential buyers and sellers. They also provide market insights, which can help you stay informed about trends and pricing in your area. As a part-time agent, it will help you to get quick updates.
3. Scheduling Tools
Top Choices: Google Calendar, Calendly, TimeTrade
Purpose: As a part-time real estate agent it is good to use Scheduling tools these are essential for managing your appointments, showings, and meetings. They allow you to share your availability with clients and colleagues, avoiding conflicts and ensuring that you make the most of your time.
4. Marketing and Social Media Tools
Top Choices: Canva, Hootsuite, Buffer
Purpose: Canva helps you create professional marketing materials, such as flyers and social media posts, even if you don’t have a design background. Hootsuite and Buffer allow you to schedule and manage your social media posts, helping you maintain a consistent online presence.
5. Virtual Tour and Video Tools
Top Choices: Matterport, BombBomb, YouTube
Purpose: Virtual tours and video marketing are becoming increasingly important in real estate. Matterport allows you to create 3D virtual tours, while BombBomb lets you send personalized video messages to clients. YouTube is great for hosting and sharing property videos and market updates.
Final Thoughts
After all the study we conclude becoming a successful part-time real estate agent requires following smart strategies, time management, and commitments. Even though you will only work part-time the real estate business is a full-time operation. Earning potential makes it an attractive option for those looking to explore the real estate business. Use the above tips to make the most of your job creative and successful.
