Property Development Company
Property development industry is a many-sided business that covers all aspect of activities ranging from acquiring raw land to selling or renting or leasing of fully finished and furnished properties. In essence, developers are responsible for turning ideas into real properties; i.e. they acquire land, they finance real estate deals, they engage in building projects and they sell, rent, lease and manage properties on behalf of their clients.
Beyond every reasonable doubt, one of the most profitable, creative and interesting aspect of the real estate industry is property development. As a matter of fact, developers are a major player when it comes to determining the prices of properties. Although this type of business venture can be risky, but in other to make it big in the industry as a property developer, you just have to take calculated risks.
Property Management Company
Property management which is a subset of the real estate industry is perhaps one of the easiest and affordable real estate business to start; it is basically about lease contracting or accepting rent using legal documents approved for the area in which the property is located. In a nutshell, property management companies are responsible for taking care of and managing buildings and other real estate properties for individuals (landlords) or for groups of owners.
No doubt, if an aspiring entrepreneur who intends starting his or her own property management business has the right connections, networks, managerial skills, and takes delight in managing real estate for clients, then he or she is going to find property management business very rewarding and lucrative.
Landscaping Business
Another thriving and profitable easy to start real estate related business that an entrepreneur who is serious about making money should consider starting is to offer landscaping services. Landscape architecture is all about the art, planning, designing, management, preservation and rehabilitation of the land and the design of a large man – made construct; it beautifies our environment. Landscaping business
Just like Lawn care business is not one of those businesses that someone can start and make big money from without truly working pretty hard and smart. Any entrepreneur who intends starting his or her own landscaping business and making huge profits from it must be very creative and must be ready to go the extra mile to convince clients that he or she can deliver an excellent job and he or she must prove beyond every reasonable doubt that they are competent.
Lawn Care Business
Lawn care business is yet another easy to start real estate related business that an entrepreneur who is interested in starting a business should consider starting is lawn care services. Lawn care business is not one of those businesses that someone can start and make big money from without truly working hard and smart. Any entrepreneur who intends starting his or her own lawn care business and intends making huge profits from it must be very creative and must be ready to go the extra mile to convince clients that he or she can deliver an excellent job and he or she must prove beyond every reasonable doubt that they are competent.
- Handyman Business
- Homeless Shelter
- Property Preservation Company
- Home Staging Business
- House Flipping Business
Start a Property Brokerage Firm (Rental Agent)
Did you know that you can make thousands of US Dollars from just brokering a property deal? All you need to do is to connect the seller of a property to the buyer of a property and you will make your commissions based on percentage if the deal pulls through. So, if you are looking for a real estate related business to start, a business that you can successfully start with little or no cash, then one of your option is to start a property brokerage firm; become a rental agent. It is a cool way of making cash.
Start a Real Estate Advisory and Consultancy Service
Starting a real estate advisory and consultancy services is yet another thriving and profitable real estate related business that an entrepreneur who is interested in starting a business should consider starting. A real estate consultant provides the seller with a real property condition disclosure (if required by law) and other necessary forms. It serves as a contact available to answer any questions about the property and schedule showing appointments.
Also, he or she ensures that buyers are pre-screened and financially qualified to buy the property. (Sellers should be aware that the underwriter for any real estate mortgage loan is the final say.)You will also negotiate price on behalf of the sellers.
Publish Real Estate Magazine
There are several businesses that an entrepreneur can launch in the value chain of the real estate industry and one of them is to start publishing real estate magazines. Information is key in any industry and all you need to do to be able to gain ground with this type of business is to ensure that you have relevant contents in your magazine per time. Part of the information that you should make available in your real estate magazine are the properties that are up for sale, lease or rent, their prices, the trends in the real estate industry, and advisory services to investors who are looking towards investing in the real estate industry.
Start a Real Estate TV Program
Another profitable and thriving business idea in the real estate industry that an entrepreneur who intends starting a business in the industry should consider starting is to start a real estate related TV show. Although there are several real estate related TV shows out there especially in the United States, but that does not in any way stop you from starting yours. If your TV show is well organized and packaged to address key issues as it relates to real estate, you will sure attract large viewership and of course mouthwatering sponsorship deals from major players in the real estate industry in your country.
It is a cool way of making money, but you must always be your toe when it comes to developing interesting contents for the TV show. However, you have to be able to land some mouthwatering sponsorship deals.
Start a Real Estate Radio Talk – Show
Of course it is more expensive to buy slots on TV than it is for radio. Thus, if you are looking towards starting a real estate related talk show and you don’t have the finance to purchase airtime on TV, then going on radio is your best options.
The truth is that, if your radio talk show is well organized and well – packaged to address key issues in the real estate industry, you will sure attract large listenership and of course mouthwatering sponsorship deals from major players in the real estate industry in your country. It is a cool way of making money, but you must always be your toe when it comes to developing interesting contents for the radio talk show.
Become a Real Estate Blogger
Another easy to start business in the real estate value chain is to become a real estate blogger. It is interesting to note that there are loads of people out there who are making millions annually blogging. If you are a real estate professional or someone who has sound knowledge in the real estate industry, one of the businesses that you can consider starting is to start blogging on real estate related subjects.
The truth is that if your blog has useful and helpful contents, you will attract loads of traffic and if you have loads of traffic on your blog, you can easily secure good advertising deals from stakeholders and other businesses in your blog. Just ensure that you update your blog regularly and you will continue to attract traffic.
Start a Real Estate Investment Club
There are loads of people out there who are too lazy to mount the seriousness involved when it comes to investing for their future. For some of such people, if they happen to find themselves in the midst of investment minded people, they will definitely buckle up. So if you are looking for a business to start in the real estate industry, then one of your options is to start a real estate investment club.
Real estate investment club is an investment club whose investment is target towards properties and other businesses in the real estate industry. The investment club could be targeted towards your colleague at work, people in your church or people in your neighborhood. It is a way of getting people to participate in the finance services industry.
- Storage Unit Business
- Mobile Home Parks Business
- Property Maintenance & Renovation Business
Build and Rent Hostel Blocks
If you have the financial capacity and are looking towards investing in the real estate industry, then one of your options is to build hostel blocks and put them up for rent. One good thing about investing in business like this is that you will continue to earn from the investment as long as the facility is still habitable and you can transfer the investment to your family members and they will continue to earn from it even when you are long gone.
If you are thinking of starting this type of business, then you should ensure that you target campus community where they have shortages in their hostel facilities for their students. What is more, the capital involved might be an enormous one.
Build and Rent Shopping Malls
Another thriving and highly profitable business idea in the real estate industry that an entrepreneur who has the financial capacity to invest in properties should consider starting is to build and rent shopping malls. If you are considering starting this type of business, then it is advisable that you source for a location notable for commercial activities. What is the use of building a shopping mall in an area that you are not sure will attract sales?
Well, it is important to state that you would need to get permission and building approval from the appropriate authority in your country before going ahead to build shopping malls.
Develop and Sale Real Estate Software Applications
Developing and selling of real estate software applications is yet another cool way of making money in the real estate industry. If you are a software developer, then you should consider developing customized software applications for the real estate industry. You work with your client to develop tailored software application that suits perfectly into their business. In marketing your product, you would have to go out of your way to convince stakeholders in the real estate industry to patronize you.
Offer Legal Services in the Real Estate Industry
Another profitable and thriving business venture in the real estate industry is to offer legal services. So if you are a lawyer and you are looking towards starting a business of your own, then one of your best options is to offer legal services in the real estate industry. Part of the services you are expected to render are facilitating a Sale — guiding a seller through the selling process. FSBO document preparation — preparing necessary paperwork for “For Sale by Owner” sellers, acts as a fiduciary for the seller, which may include preparing a standard real estate purchase contract and preparing contracts and leases amongst other related services.
Create a Website for Listing Properties that are for Sale, Lease and Rent
One easy way of making money from the real estate industry is to create a website where people can list their properties that are for sale, lease and for rent. It is a simple business to operate in the value chain of the real estate industry because this type of business requires minimal start – up capital and it is a business that can run on autopilot. So if you are looking for a real estate related business to start, then one of your options is to create a website for listing properties that are for sale, lease and rent.
Aside from the fact that you may want to collect membership fee and administrative fee from those who want to list their properties in your website, you can still earn good money from adverts especially if your website attracts huge traffic.
Start a Real Estate Agency Business
Another profitable and thriving business that an entrepreneur who is interested in the real estate can successfully launch is a real estate agency business. The fact that real estate business is a very rewarding business does not mean that there are no challenges in the industry. Starting a real estate agency in the United States of America comes with its own challenges, you would have to abide by the law and also compete with loads of other entrepreneurs who also are interested in making a living and building a business in the US.
One thing is certain for every real estate agency; if they are hardworking and proactive, they will always generate enough income to meet all their overhead and operational cost, keep their business going without struggle and make reasonable profits from all business deals that they are involved in.
Start Pre–Construction and Post–Construction Cleaning Business
Another thriving and indeed profitable business venture that an entrepreneur who is interested in starting a business in the real estate industry should consider starting is a pre – construction and post construction cleaning business. It is the practice for pre – construction cleaning to be carried out in a proposed construction site before the commencement of proper construction work and of course after the construction, post construction cleaning is expected to be carried out before the facility are commissioned or open for rental or leasing.
So if you are in the cleaning industry, it will pay you that add pre – construction and post – construction cleaning as part of your service offering.
Start a Property Makeover Business
Starting a property makeover business is yet another thriving and profitable real estate related business venture that an entrepreneur who is looking towards starting a business should consider starting. If you want to increase the market value of your property, then you should hire the services of a property makeover company. Property makeover companies put professional touches to uplift the outlook or a building facility.
So if you are interested in starting a business in the real estate industry, then one of your options is to start a property makeover business; it is a cool way of making money from the real estate industry. Just ensure that you network with stakeholders in the real estate industry so as to secure steady flow or property makeover contracts.
Start an Interior Decoration Business
An interior decoration business is a typical home improvement and real estate related business that an entrepreneur who is serious about making money should consider starting. Interior decoration is all about giving our homes, offices and buildings facelifts; interior decors are involved in activities ranging from color selections for apartments, lighting selections, blind selections amongst some other things that are needed to bring out the beauty in a house or building.
So if you are looking for a real estate related business to start, then your best bet is to start an interior decoration business; it is a profitable and thriving business venture to engage in and it is a business that you can successfully launch after few months of trainings.
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