Many professions and jobs have been disrupted by technology and real estate agent is one of them (source).
As more people opt to search and view real estate properties online, more agents are losing clients and find it difficult to rely on their jobs alone as a source of income.
The answer? As an agent, you can create and run multiple passive income streams to supplement your income and make money on the side.
How can I earn passive income as a real estate agent? There are numerous passive income-earning opportunities for real estate agents. Some streams include blogging, podcasting, creating niche sites, Chatbots, selling eBooks, affiliate marketing and many more. As long as you are passionate or knowledgeable in something, you can turn it into a passive income source.
In this article, we will look at 8 Ideal Passive Income Streams for Real Estate Agents that are highly lucrative with time, easy to do, and that do not interfere with your normal schedule.
For more details about each idea, please hit the orange button below to view a comprehensive beginner’s guide on the same.
PS – most of these ideas do not require you to be an expert. You can learn about any idea and how to earn passive income from it. The more passive income streams you have, the more income you make.
Let’s have a look at each idea.
Blogging
Blogging is an excellent way to make passive income as a real estate agent. You can share real estate info, tips, guides etc., build an audience, and monetize your blog to earn passive income from it. You can make over $1000/month or more from a monetized blog (source).
If you want to reach more client and leads, blogging is an excellent way of increasing organic traffic to your website.
Let's say you work as a real estate agent for buyers. You can create a blog where you share tips, guides, and valuable information about buying real estate property.
Identifying a niche helps you generate traffic faster and maintain a loyal audience easily.
Creating a successful blog is not easy but there is a proven way to get results.
We recommend project 24 by Income School if you want to know how you can grow your audience, generate traffic, monetize your blog, and earn passive income from it. Learn more about creating passive income from a blog as a real estate agent in our guide.
YouTube
YouTube is a very popular way of sharing video content and making money passively. As a real estate agent, you can share information about real estate, grow your following, monetize your channel, and earn passive income from it.
As an agent, you can share videos with content that can attract an audience, generate traffic, grow your audience, monetize your channel, and make money from it.
Creating a successful channel is not easy and requires dedication and consistency. You need at least 1000 subscribers and 4000 hours watch time to make your channel eligible for monetization.
It is important to make sure your videos are both educational and entertaining to keep your audience interested. As long as you stay consistent, generate traffic, and grow your audience, you can earn $1,000 a month from your monetized YouTube account.
Learn more about leveraging YouTube to earn passive income as a real estate agent in our guide.
Creating Niche Sites
Making money from a niche site has become very popular today. As a real estate agent, you possess real estate (information, skills and content) that can be beneficial to others.
You can share this knowledge through a niche site, monetize it, and earn passive income from it.
A niche site is typically a blog that resonates with a particular audience. For example, instead of blogging about buying a house in Quebec, you can narrow down the niche to buying a condo in uptown Quebec, or further down to buying an apartment under Escrow in uptown Quebec.
Creating a profitable niche site requires patience and dedication. With a sound audience, you can monetize your site make money passively.
According to project 24 by Income School, you can make up to $7000/month with a niche site following their 24-month methodology.
For more information about niche sites as excellent passive income streams for real-estate agents, please read our guide.
eBooks
Currently, many people are opting for eBooks over conventional hardcover books. As a real estate agent, creating and selling eBooks online can be an excellent way of making money passively.
The best part? Creating eBooks is very easy and highly passive.
For example, you can create an eBook that teaches people tips on buying cheap houses, sell it online through platforms like Amazon Kindle Direct Publishing, and earn a passive income once your book sells. Once you promote your eBook and it starts to sell, you can earn up to $500 or more per month (source).
To make it highly passive you can outsource services like writing editing and publishing from sites like Fiverr or Upwork.
There are many professional writers who can do the work for you and you only have to wait for your book to be published to start earning a passive income.
The goal is to create interesting content that keeps your readers glued to your content and keeps them coming back for more.
You can learn more about earning a passive income from eBooks as a real estate agent by reading our guide below.
Chatbots
As a real estate agent, creating Chatbots can be a lucrative way of earning a passive income. Nowadays, individuals and businesses are using bots for various purposes.
According to Forbes, Chatbots will be at the realm of customer service in most businesses.
You can earn a passive income from a Chatbot either by monetizing and selling it or by giving it to a business and earning a commission on sales or leads it generates. You can monetize your Chatbot through various ways like generating leads, advertising, sending traffic, conducting surveys etc.
For example, you can create a Chatbot that answers real estate related questions, monetize it, and sell it to a real estate company. Alternatively, you can give it away to the company free and earn a commission on sales or leads generated from it.
Creating Chatbots is easy and but monetizing it requires patience and dedication. With the right strategies, you can earn over $1000/month by creating Chatbots.
For more details on how you can leverage bots and earn passive income from it as a real estate agent, please read our guide.
eCommerce
Selling products online is an easy way of making money passively. As a real estate agent, you can sell products from the comfort of your home through an e-commerce site built to earn passive income.
Selling products online has to be made passive otherwise; it is an active source of income that requires your constant attention. However, you can make it passive by outsourcing activities e.g. through dropshipping.
For example, you can sell real estate related products or products that you use frequently through your site. With the right strategies and depending on the products you sell, you can rake in over $1000/month or more from your e-commerce store (source).
The idea is to identify and capitalize on a niche to make the most out of your store. You can sell physical and digital products; you can also earn money through affiliate marketing, dropshipping, print on demand and many other ways.
Building a lucrative e-commerce site is not easy. It requires a lot of dedication both in terms of time and in terms of money at first.
However, once your store is up and running, you can be sure to make a decent passive income from it.
If you'd like to learn more about e-commerce and how you can earn a passive income as a real estate agent, please read our guide below.
Podcasting
Content writing may not be your way of sharing knowledge. As a real estate agent, you can share knowledge by recording audio files (podcasts) and posting them for your audience. With a successful podcasting business, you can rake in over $6000/month (source).
To build a successful podcasting business, the idea is to identify and capitalize on a niche. For example, you can share real estate-related information for a specific location or product e.g. how to sell a mansion in Ontario for the highest price.
All you need to do is to record, post and promote your podcasts. Once your podcast starts generating traffic and your audience grows, you can monetize it and earn a passive income from it.
Remember, creating and recording a podcast is easy but monetizing it requires a lot of patience and dedication in the beginning.
Your content is key and it determines how fast you generate traffic, grows your audience, and maintain loyal followers.
Some of the ways you can monetize your podcast include by placing ads, affiliate marketing, selling products etc. You can also earn income through membership fees and donations.
Building a successful podcast business is not an easy task. However, with the right niche, content, monetization, and a few more strategies you can learn from Project 24, you can earn well over $1000/episode, which translates to over $6000/month.
For more details about podcasting and how to earn a passive income from it as a real estate agent, feel free to view our guide.
Investments
As a real estate agent, there are many passive income Investments that you can undertake to make money passively.
These ideas require you to invest time and money in the beginning. Once they are up and running, you can earn money from them without doing much. Some of these investments include:
Peer-to-peer lending sites - You can earn a passive income from peer-to-peer lending sites. You earn money from some sites by taking part in product surveys and earning a commission depending on the number of products you survey whereas some sites offer you discount on products. For more information about this passive income investment, feel free to read our guide.
Cashback credit cards - People are reaping benefits by changing the way they use their credit cards. You can earn up to $50/month from cashback credit cards depending on how you shop. For more information about this passive income investment, please view our detailed guide.
Reward and discount programs - Many businesses offer reward and discount programs to maintain and grow their loyal customer base. Big corporations like Subway, Costco, and Walmart etc. offer some of the most lucrative programs. As a real estate agent, you can earn up to $100/ month by taking advantage of these programs. For more information about this passive income investment, please read our guide.
Related Questions
How much passive income can I make as a real estate agent? The amount of money you can make depends on the type of stream you are able and willing to do. Some passive income streams earn more money than others do so it is important for you to choose a stream you can do easily. Better yet, you can combine two or more streams (e.g., you can run a monetized blog, YouTube channel and sell eBooks online) and earn more passive income in the process.
How long would it take before I start earning income passively? Every passive income stream offers unique periods before you can start earning passive income. Generally, the amount of time it takes before you break even depends on your individual effort, choice of niche and location of your business. You should make sure that you observe good management skills to prevent losing your money.