Real estate is one of the most common types of investments people make in their lifetimes. If you’re looking for a way to make money, consider learning how to become a real estate professional and start building up your own passive income.
The top paying jobs in real estate vary widely, but most of them involve property management or buying and selling properties. In addition, some roles include advising clients and offering tax advice.
Commercial real estate salaries largely depend on the type of property and where in the country you work, as well as your experience and education. Many real estate professionals also receive incentives and bonuses.
Residential and commercial brokers earn substantial commissions for their services. This can lead to significant income for both sides of a transaction, though it’s important to remember that commissions are often not the only part of a real estate salesperson’s salary.
Property managers oversee the operations of various kinds of properties, including shopping malls, office buildings and hotels. They hire contractors, negotiate leases and collect rent from their tenants.
These jobs can be challenging, but they offer tremendous potential for earnings and success. They require strong knowledge of real estate management, marketing and customer service.
Real estate inspectors inspect properties to ensure that they are up to code and in good repair. Some inspectors specialize in residential houses, while others may focus on commercial and industrial properties.
Commercial developers buy, renovate and redevelop properties. They increase the value of properties and their net income through renovations and upgrades, or consult on projects that other real estate investors might find too large or risky to tackle.
Senior corporate real estate managers make a high average annual salary of $110,000. This position requires extensive knowledge of the real estate industry, negotiating skills and a willingness to work with owners on complicated purchases.
Government and non-profit organizations have a number of real estate holdings that must be purchased, leased, rented and even sold. These entities rely on a number of real estate professionals to make these transactions happen.
Acquisitions specialists help the United States newshunttimes government and other public agencies manage the millions of parcels it owns across the country. These individuals negotiate the purchase prices and terms of those contracts, as well as creating long term property purchase strategies.
Real estate consultants are employed by outside firms and advise their clients on portfolio strategies, property management, tax advice and corporate property acquisition. They have a degree in business or real estate and must pass the state bar examination.
Attorneys who specialize in real estate law typically have a Bachelor’s degree and a Juris Doctor. They must also pass the state bar exam and follow continuing education requirements to maintain their licenses.
These jobs offer a variety of options for pursuing financial freedom, depending on the level of education and expertise you have. Some of them can be quite lucrative, and other positions have much lower pay scales and less lucrative rewards.