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Real Estate

Business for Sale Broker

Put a commercial realtor’s license to work in a business brokerage.

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Business At A Glance

Business for Sale Broker

Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? Yes
Online Operation? No

Business Overview

The financial investment and training timerequired to secure a commercial realtor’s license enabling you to starta real estate brokerage specializing in listing and selling businessesand commercial investment properties will be well worth the effort.

Itis common for business brokers to earn $250,000 or more per year afterexpenses. Additionally, consider specializing in a particular kind ofbusiness sales, such as marketing, manufacturing, or retail businesses.Specialization in the commercial real estate industry is the fastestway to become known as an industry leader, and gain valuable referrals.Marketing listings can be by way of the Internet, trade specificpublications, and a wide network of contacts within the industry.

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Real Estate

Vacation Property Rental Agent

Caught in the hustle and bustle of a busy tourist area? Consider rental properties to supplement tourists’ vacations.

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Business At A Glance

Vacation Property Rental Agent

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

If you live in a busy tourist area, there is probably a good chancethat you can flourish by starting and operating a vacation propertyrental agency.

It is not uncommon for people to purchase vacation homesand condominiums with plans to rent them either part or all of the yearto tourists, to help offset the costs of financing, maintenance, taxes,insurance, and utilities. Unfortunately, rental income often fails tomaterialize, since many property owners don’t understand how much timeand work is involved in renting the properties’marketing, booking,cleaning, making repairs, and a lot more. Not to mention that mostowners are sometimes hundreds’if not thousands’of miles away.

As aresult, many vacation properties sit vacant when not being used bytheir owners. This creates a terrific opportunity to rent theseproperties for the owners on a revenue-splitting basis. In addition tomarketing and renting the properties, you will also be responsible forcleaning and light maintenance to ensure that they stay in tiptopcondition and attract top dollar when they are leased. Start small,representing one or two vacation property owners, and run the servicefrom home. As the business grows, so too can your time commitment untilyou are at the point of operating a profitable full-time business. Thesame business concept can also be applied to recreational vehicles andboats, if that piques your interest.

The Market

Absent property owners who would like to have their properties rentedout, but do not have the time or the expertise to manage renters.

Needed Equipment

A computer and For Rent signs with your phone number emblazoned onthem. Also, a scheduling book that will help you keep track of whenrenters are moving in and when their lease is up.

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Real Estate

House Preparation Service

Help real estate sell more quickly with a house preparation service.

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Business At A Glance

House Preparation Service

Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Educating yourself about the laws ofcommercial real estate leases and contracts can really pay off,especially if you apply this newfound knowledge and become a commercialleasing agent. A commercial leasing agent service can be set in motionfor less than $10,000, and can return as much as $100,000 per year inincome.

The main focus of this enterprise is to source buildings,stores, and offices to list for lease, and find suitable tenants tooccupy these locations. In exchange for your services you charge thelandlord of the building one month’s rent as your fee, or leasingcommission. Should another real estate or leasing agent be involved inthe transaction, you would simply split the fee with that person orcompany. Commercial leasing is very straightforward, but you will stillwant to extensively research the topic as well as check localregulations in terms of the legalities of becoming a leasing agent inyour community.

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Real Estate

For-Sale-by-Owner Specialist

Help those who want to sell their own real estate.

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Business At A Glance

For-Sale-by-Owner Specialist

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? Yes

Business Overview

Many people attempt to sell their own homes, properties and cottagesevery year. And while some are successful, many are not. This creates afantastic opportunity for the clever entrepreneur to start afor-sale-by-owner consulting business to assist these people in sellingtheir homes and properties quickly, conveniently and for top dollar.

Duties include instructing clients in how to prepare their home forlisting, helping them to establish a value, teaching them how to markettheir property, having signs made, instructing them on the finer pointsof hosting an open house, and providing them with template forms thatcan be used to write an offer and sale agreement. The for-sale-by-ownerspecialist is not working as a real estate agent or broker, but merelyas a consultant to guide clients through the steps to help them selltheir own homes. Charge clients a flat fee for providing the service,and charge separately for extras like printing fliers, creating ForSale and Open House signs and for listings on your Homes for Sale byOwner website and in any for-sale-by-owner publications that you printand distribute.

The Market

Securing clients is as easy as calling people who currently have theirhomes for sale by owner, and by advertising locally in the real estatesection of the newspaper.

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