Monetizing During Lean Period as a Real Estate Agent

Estate agents may get a steady earning despite financial slowdown by routing to the following choices: look for a part-time job, lease your properties, buy and sell properties, and trade-in properties.

Because economy is greatly affected by the global instability, many businesses are fighting hard to keep in the sector. Real estate is not exempted from this; hence, something has to be done to maintain a continuous cash influx. Below are the suggestions:


Look for a Part-time Job

On lean period, do not just sit and wait there for nothing. Do something to augment your income by getting a side-line job. Check that the job allows a flexible schedule so that you can return to selling anytime as soon as peak season starts.

Have Your Properties Leased

If by chance you are capable of getting financing a property, buy one and have it rented. This would mean a steady and sure monthly cash flow to compensate for your lack of income. Another advantage of leasing your property is that lesser maintenance cost is required since it is clearly stated on the contract that the lessee is responsible for the repair and maintenance of the leased properties.

Buy and Sell Properties

Many buy foreclosed houses or properties; renovate it; sell it. That is, if you have more than enough capital to finance this kind of business.

Do Trade-ins

Some property owners opt to choose trade in. You will never know you could be lucky with another person's property more than the previous owner himself.

Real estate though is still making good for some areas. Once is in Cebu Philippines. Many foreigners with Filipina wives or Filipinos from abroad are flocking to invest in Cebu real estate.

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during Lean Season

Part-time real estate agents can have a steady income stream despite financial slowdown by resorting to the following ways: get a sideline job, rent out properties, buy and sell properties, and trade-in properties.

Because economy has been greatly affected by the world-wide instability, businesses of all types are fighting hard to survive in the industry. Real estate is not an exemption; therefore, there are ingenious ways others are doing to survive the situation. Below are some suggestions:

Look for a Part-time Job

On lean days, do something to double your income by having a sideline. See to it that the job allows a flexible schedule so that you can easily jump from one income stream to another.

Have Your Properties Leased

If you have enough money to finance a property, buy one and have it leased. This would mean a steady and sure monthly cash flow to compensate for your lack of income. Another advantage of leasing your property is that lesser maintenance cost is required since it is clearly stated on the contract that the lessee is responsible for the repair and maintenance of the leased properties.

Buy More Foreclose Properties and Sell Them

Many buy foreclosed houses or properties; renovate it; sell it. This is if you have save enough capital as a seasoned real estate agent.

Do Trade-ins

Some property owners opt to choose trade in. Look for potential traders of properties whom you can trade you own or other clients properties. In this way, there’s a chance of increasing your potential profit depending on the assessed value of the newly acquired property..

Real estate though is still making good for some areas. Once is in Cebu Philippines. Many foreigners with Filipina wives or Filipinos from abroad are flocking to invest in Cebu real estate.

source