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19 Different Real Estate Careers: Find the Perfect Fit for You!

CEO Khai Intela
What are the most successful and profitable real estate careers right now, and which one is the right choice for you? The real estate industry is known for its diversity, offering a wide range of...

What are the most successful and profitable real estate careers right now, and which one is the right choice for you?

The real estate industry is known for its diversity, offering a wide range of jobs and careers to suit different personalities, interests, and strengths. While many people immediately think of agents and brokers when they hear about real estate, there are actually over a dozen real estate jobs, and not all of them involve buying and selling properties.

Real Estate Investor

Becoming a real estate investor is arguably one of the most rewarding careers in real estate. This role involves purchasing properties or land, maximizing their value, and then holding onto them for the long term or selling them for a profit.

However, being a successful real estate investor requires more than just conducting transactions. It requires extensive knowledge of real estate market analysis to make smart investment decisions. Some other requirements for becoming a real estate investor include being comfortable with risk, having access to the best loans for investment properties, and understanding different investment strategies and property types.

The benefits of starting a career as a real estate investor are numerous. You can invest with little money and even earn passive income without much involvement. On average, real estate investors in the US earn between $70,000 and $124,000 annually.

Tips to Succeed as a Real Estate Investor

To succeed as a real estate investor, follow these tips:

  • Look for positive cash flow opportunities to ensure profitability.
  • Educate yourself about real estate markets and properties through blogs, videos, podcasts, and online courses.
  • Choose the right market before selecting a property.
  • Utilize real estate investment tools like Mashvisor's Market Finder to identify the best markets for your specific needs.

Landlord

Becoming a landlord is another excellent career choice in real estate. As a landlord, your role is to manage rental properties on behalf of property owners. Unlike real estate investors, landlords are responsible for the day-to-day operations of their rental properties.

To be a successful landlord, you need to have strong skills in finding profitable markets and properties, as well as managing tenants and property maintenance. The average annual rental income for long-term rentals in the US is around $30,600.

Tips to Succeed as a Landlord

To succeed as a landlord, follow these tips:

  • Use real estate investment tools like Mashvisor's Investment Property Calculator to find top-performing properties.
  • Develop positive management methods to ensure property upkeep and good tenant relationships.
  • Be firm but fair with tenants to maintain a balance between your responsibilities and their obligations.

Airbnb Host

If you're looking for a real estate career that is similar to being a landlord but involves shorter-term rentals, becoming an Airbnb host may be the right choice for you. As an Airbnb host, you own and manage properties that are rented out on a nightly basis.

Being an Airbnb host requires dynamic management skills, as you'll constantly market your property, adjust pricing, communicate with guests, and handle day-to-day tasks like cleaning and maintenance. While it requires more hands-on work, the potential profits can be significant. On average, Airbnb properties in the US generate around $39,000 in annual revenue.

Tips to Succeed as an Airbnb Host

To succeed as an Airbnb host, follow these tips:

  • Choose a market where short-term rentals are legal and have strong year-long demand.
  • Automate dynamic pricing to maximize rental income using tools like Mashvisor's Dynamic Pricing.
  • Provide excellent customer service to ensure positive guest experiences and reviews.

Real Estate Agent

Becoming a real estate agent is one of the most common and rewarding real estate careers. As a real estate agent, you help people buy or sell properties, either as a buyer's agent, seller's agent, or a dual agent. You can also specialize in residential or commercial real estate.

Being a successful real estate agent requires sales skills, exceptional people skills, and the ability to offer support and guidance to clients throughout the buying or selling process. The average salary for real estate agents in the US is around $97,000.

Tips to Succeed as a Real Estate Agent

To succeed as a real estate agent, follow these tips:

  • Specialize in working with real estate investors to tap into repeat client opportunities.
  • Use real estate investment tools like Mashvisor's Property Finder to help investors find top-performing properties.
  • Join the National Association of Realtors for extra credibility and reputation.

Real Estate Broker

Real estate brokers and agents are similar, with the main difference being that brokers can work independently or start their own brokerages. Real estate agents work under a brokerage.

If you have an entrepreneurial drive and want to run your own business, becoming a real estate broker may be the right path for you. To become a broker, you typically need to work as an agent for one to three years, complete training, and pass a licensing exam. The average salary for real estate brokers is around $110,000 per year.

Tips to Succeed as a Real Estate Broker

To succeed as a real estate broker, consider using tools like Mashvisor's Mashboard to manage leads, listings, and property owner data.

Real Estate Developer

Real estate developers are professionals who buy land and build properties on it. They are responsible for planning, coordinating construction, financing projects, and working with various professionals to execute the plan.

To become a real estate developer, you typically need a degree in fields like Civil Engineering, Architecture, or Business Real Estate. Skills in multitasking, project management, and understanding the economy and real estate market are essential. The average salary for real estate developers is around $115,000 per year.

Real Estate Wholesaler

Real estate wholesaling is a career path that allows you to make money quickly without a long-term commitment to an investment property. Wholesalers find distressed properties, put them under contract, market them, and find buyers to sell the properties for a profit.

Wholesaling requires strong negotiation skills and an eye for distressed properties. The average income for wholesalers is between $60,000 and $102,000.

House Flipper

House flipping involves buying distressed properties, renovating them, and selling them for a profit. Unlike wholesaling, you actually own the property and are involved in the renovation process.

House flipping requires a team, management skills, and coordination. The average income for house flippers is $78,000.

Property Manager

Property managers are responsible for managing rental properties on behalf of real estate investors. They ensure the financial and physical well-being of the property and handle tenant needs.

To succeed as a property manager, you need understanding in areas like finance, marketing, and facility operations. The average salary for residential property managers is $71,000.

Real Estate Attorney

Real estate attorneys handle legalities behind property disputes, ensuring transactions are legal and resolving issues related to titles, documentation, and transfers.

To become a real estate attorney, extensive education and experience are required. The average salary for real estate attorneys is $160,000 per year.

Home Inspector

Home inspectors examine properties for defects or issues that could affect buyers, sellers, or agents. They play a critical role in real estate transactions by identifying faults that may go unnoticed.

Becoming a home inspector requires training and knowledge in areas like roofing, plumbing, and electrical systems. The average salary for home inspectors is $98,000 per year.

Real Estate Appraiser

Real estate appraisers determine the value of properties by comparing them to similar properties and analyzing market data.

To become a real estate appraiser, you need an appraiser's license and knowledge in finance and economics. The average salary for appraisers is $105,000 per year.

Leasing Agent

Leasing agents help property owners find tenants for their rental properties. They work in residential or commercial sectors.

To be successful as a leasing agent, you need excellent interpersonal communication skills and experience in marketing and negotiation. The average salary for leasing agents is $48,000 per year.

Real Estate Assistant

Real estate assistants provide administrative support to agents and brokers. They play a vital role in managing day-to-day operations.

To be an effective assistant, you need a deep understanding of the real estate industry. The average salary for real estate assistants is $32,000 per year.

Real Estate Marketing Specialist

Real estate marketing specialists execute marketing strategies for agents and brokers, helping them generate leads and promote their brand.

To succeed as a marketing specialist, you need skills in managing social media, creating digital content, and developing campaigns. The average salary for marketing specialists is $55,000 per year.

Real Estate Consultant

Real estate consultants provide advice and guidance to real estate investors or companies interested in buying properties. They also make market predictions to help investors reach their goals.

To become a consultant, you need extensive knowledge and experience in the industry. The average salary for consultants is $65,000 per year.

Real Estate Loan Officer

Loan officers help clients obtain mortgage loans for property purchases. They collaborate with buyers to finance their purchases within their budget.

To be a loan officer, you must be registered with the Nationwide Mortgage Licensing System and have knowledge of finance. The average salary for loan officers is $59,000 per year.

Mortgage Broker

Mortgage brokers serve as intermediaries between lenders and borrowers, advising customers on loan availability, qualification requirements, and terms. They do not loan money themselves.

To become a mortgage broker, you need to complete training, pass licensing exams, and develop a network of lenders and buyers. The average salary for mortgage brokers is $89,000 per year.

PropTech Entrepreneur

PropTech entrepreneurs start software companies that develop products for real estate professionals. They focus on serving the needs of the industry by creating innovative solutions.

To become a PropTech entrepreneur, you need expertise in software engineering, business administration, or related fields. The salary can vary widely based on the success and growth of the company.

Getting Started with Your Real Estate Career

Real estate offers a wide range of career opportunities, and the choice ultimately depends on your interests, skills, and goals. Investing in rental properties is generally a good idea for the numerous benefits it offers. Mashvisor's tools can help you make informed investment decisions, from finding top-performing properties to analyzing their profitability.

Is real estate the right career path for you? Consider your strengths and passions, explore different options, and take advantage of the tools available to succeed in your chosen path.

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