Before You Give Up Your License; Part-Time Opportunities for Realtors

By
Real Estate Agent with LS Rogers Realty

It's NO Secret that Clients are harder to get to the Closing Table these Days.  So much So that There's Been Much Talk regarding Realtors getting Regular Gigs.  It's a very difficult decision to make if you've been in the business for a while. 

You get used to the Somewhat Flexible schedule and the Mobility. Not to mention the Closings.

What if there was a way to earn Extra Income and Remain in the Business while Filling up your Pipeline? Where you can Apply the Skills you're Already using in your Day-to-Day Operations. Below are a Few Suggestions in hopes to Give a Few People an Alternative to Giving Up Their License.

Concentrate on Renters. The Leasing Inventory has increased Substantially in most areas. Check your Local MLS and you'll Find Homes, Duplexes, Townhomes, Condos, above Garage & Basement Apartments, Lofts, and Office Space for Lease.  It's a great way to obtain referrals. Tenants are found to be more inclined to Provide Leads. Also, look into Apartment Locating.

Property Tax Consultant. You can assist those wanting to Dispute Their Property Tax Assessment. Providing an extremely detailed CMA with photos along with tax records, which you can usually find by researching property rolls at the Tax Assessor's Office, is usually enough. Sometimes attending hearings with your Client is necessary.

Leasing Agent
- Show & rent apartments
- Collect & deposit rents
- Assist with weekly/monthly reports including move-in/move-out paperwork
- Coordinate apartment preparation & repairs
- Inspection of vacant units
- Ability to resolve resident challenges 

New Home Salesperson
- Greets prospective homebuyers
- Analyzes financial qualifications
- Markets the product and closes transactions.
- Escorts homebuyers through the subdivision, model homes, and inventory homes
- Monitors construction and mortgage status
- Markets
- Responsible for securing models at the end of the day.

Marketing or Advertising Consulting or Free Lance Photography can also make for Excellent Part-Time Income. 

Positions Usually Requiring a Full-Time Commitment:

Real Estate Assistant
- Prepare Market Analysis
- Set up Buyer Appointments
- Take Virtual Tours
- Enter Listings
- Create Marketing Materials
- Hold Open Houses
- Data Entry

Real Estate Office Manager
- Directs and coordinates activities of sales staff
- Screens and hires sales agents
- Conducts training sessions to present and discuss sales techniques
- Confers with agents and clients to resolve problems
- Confer with legal authority in accordance with state laws 

Property Manager
- Collects and processes rents
- Monitors financial statements
- Supervises on-site staff
- Maintains occupancy goals
- Carries out evictions 
 

Apply the Skills you're already using to Stay in Real Estate.  Each One of these will put you in a Wonderful Position to Drum Up some Business while Holding on to Your License.  Hope this Helps. 

  

Buyers or Sellers, if you or Someone you know, is Thinking of Buying or Selling a Home in Richardson or surrounding areas, give me a Call. Experienced Out-of-the-Box Thinking Realtor with Guaranteed Results.

Richardson, Plano, Dallas, Garland, Rowlett, Irving, Mesquite, Dallas County, Collin County

 

Comments (39)

LS Rogers Realty
LS Rogers Realty - Richardson, TX

BILL  It's good to see agents like you still using their powers for good. But really, our seniors are often overlooked and taken advantage of in general. I will do exactly as you suggest and check it out.   

JENNIFER  I know I won't be taking my usual break this year.

Oct 08, 2008 04:52 AM
delete account
Clayton, MO

Hi Trunda. There are some wonderful suggestions on here for what we can be doing to earn more money in a slower market. Thanks!

Oct 08, 2008 05:32 PM
LS Rogers Realty
LS Rogers Realty - Richardson, TX

PAMELA  Every little bit helps. Thanks for stopping by!

Oct 09, 2008 12:43 PM
Anthony Baldwin
KMT Consulting Group, LLC - Bridgeport, CT

Greetings Everyone.


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Oct 11, 2008 04:51 AM
Amanda Evans
DFW Living - Fort Worth, TX
Real Estate Broker - Fort Worth Texas

Tundra, you are about as cool as it gets for posting this list of helpful suggestions.  I think people often forget that there is money to be made in any real estate market.  It's time to clear our heads and think outside of the box. 

Take care!

Oct 11, 2008 04:20 PM
LS Rogers Realty
LS Rogers Realty - Richardson, TX

AMANDA!  Thanks for visiting. I'm an instant fan of yours. Love your work for the blog button! lol

Oct 12, 2008 09:16 AM
Sheri Rogers
Power Rentals & Investments, LLC - Desoto, TX

Shoot me a list for investors.  I need extra income too.

Oct 16, 2008 09:19 AM
Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

What an excellent couple of ideas and there are so many agents out there that need help right now, these hopefully will keep some of them in business that may have before been forced to leave.

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

Nov 05, 2008 01:51 AM
LS Rogers Realty
LS Rogers Realty - Richardson, TX

SHERI  I'll work on it.  lol

TODD  I agree with you. Hopefully the agents that love the industry will start to think of ways to remain in the industry.

Nov 05, 2008 01:06 PM
DeAndrea "Dee Dee" Jones
Found It, LLC - Manassas, VA
DMVRealEstateChick

Im hoping I will not need this list no time soon but thanks for a great post.

Nov 06, 2008 07:20 AM
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Trunda, what a timely report!  You've obviously put a lot of time and work into this.  My introduction to real estate began as a real estate office manager - not of the agents but of the paperwork - for a commercial real estate firm that sold and leased apartment complexes.  Even though it has nothing to do with residential real estate sales, I can't think how happy someone in that business would be do have an experienced REALTOR in the job instead of a displaced music teacher, which I was at the time.

Nov 08, 2008 10:10 PM
Russel Ray, San Diego Business & Marketing Consultant & Photographer
Russel Ray - San Diego State University, CA

For those in larger cities, one can also become the subject of various medical research studies. Some of them pay quite well, and there seem to be a plethora of different studies to get involved in.

Nov 26, 2008 08:13 PM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Truda - Great advice, many are at a cross roads and this might help them in their decision making

Dec 06, 2008 10:37 AM
AMBER NOBLE GARLAND - Top Real Estate Expert, Property Tax Appeal Specialist & Author
Strategic Marketing Expert & Relocation Specialist Serving New Jersey and nationwide! - Marlboro, NJ
- The Agent You Can Trust To Deliver REAL Results!

What a great post Trunda! I wish this was rebloggable. :(

Dec 14, 2008 03:44 PM
Charles Gardner-Realtor/Investor
ZIP Realty, Inc-Houston District - Humble, TX

Hello Trunda,

Great information and no one should ever consider giving up their license for you never know when you would want it back.  Trust me, I talk from experience.  You might consider adding Voice Broadcasting to the list of items people could use to generate additional income.  Just a thought.

Dec 16, 2008 03:11 PM
BILL CHERRY
Bill Cherry, Realtor - Dallas, TX
Broker & Wealth Coach

Trunda,

You did an exceptionally good job with this.  It's not only timely but well thought out.  Thanks for doing it.  I wish AR would feature it.

Bill

Dec 17, 2008 12:17 PM
J Perrin Cornell
Coldwell Banker Cascade Real Estate - Wenatchee, WA
Broker, ABR, VAMRES

Add to the list Transaction Coordinator (perhaps someone already mentioned it). Good ideas!

Burger flipping and real estate sales are NOT a good match

Dec 17, 2008 11:52 PM
LS Rogers Realty
LS Rogers Realty - Richardson, TX

DEANDREA  Thanks. You and me both.

MARGARET  We have similar backgrounds. I started out with a commercial real estate firm as well.  If the firm teaches you well and you're willing to learn, prior experiences shouldn't be a factor. I'm sure you were exactly what they were needing at the time. 

RUSSELL, CHARLES  Those are outside the field of real estate. 

JENNIFER I hope so. Thanks for visiting. 

AMBER  I thought it was. Thanks for the heads up. 

BILL  How wonderful coming from you. I'm a fan of yours.

I wouldn't mind the suggestion.  Clicking the flag at the top is a good start  ; )  If not, hopefully it'll circulate to some that need it.

PERRIN  Lol.  I totally agree. 

Dec 18, 2008 03:45 AM
MeLisa Minter, Realtor
Minter Real Estate Services - Taylor Lake Village, TX
Bay Area Houston Real Estate Agent

Great ideas Trunda.  I'm actually looking into doing some marketing, especially online marketing for some of my fellow realtors in my county.

I'll let you know how it works.

Nice finding you here.

Dec 20, 2008 02:16 PM
David Jirasek
Jirasek Realty, LLC - Temple, TX
ALC, CCIM

Trunda, you have a good list. Realtors representing their residential clients for property tax disputes, is a good way to gain continued loyalty from residential property owners. I also have a Senior Property Tax Consultant license as required by the Texas Department of Licensing and Regulation, to represent commercial and industrial clients in Texas. As you know, commercial sales comparables are not in the MLS in many cases, and require a cooperating contact base, or much research to prepare for the case.

Landlords of commercial and industrial properties, prefer to pay leasing commissions out over time, to reduce up front costs, and to not pay on a tenant that breaks the lease by leaving before lease ends. If compensation is paid out over time, it gives another source of income in between sales closings. Several leasing commissions do add up over time.

Mar 29, 2009 09:51 AM