How Much Money You Can Make in Real Estate.
The decision to jump into Real Estate can be influenced by several factors, but by far the most attractive reason to change careers is the prospect of a better income.
When trying to find out how much money you can make in Real Estate, most people within the industry will tell you this; ‘it depends on how hard you work’. In addition, it can depend on what role you are working in and the area in which you operate.
Leaving the arbitrary ‘how hard you work’ concept out to start, the primary factor in how much money you can make in Real Estate is the role you fulfil in your office. At an entry level, the common roles of Sales Personal Assistant, Property Management Assistant and Administrator (or a combination thereof) will usually be paid with the Real Estate Industry Award 2010 (amended 1st of April 2018) minimum as a guide. This suggests that in the first 12 months, how much money you can make in Real Estate can be expected to be at least $35k+.
Salespeople have the greatest potential to make a lot of money in real estate. Sales introduces the idea of uncapped earning potential, you can earn as much as you are willing to work. If you can reach the level of these top agents (which is where the ‘hard work’ factor comes back in), how much money you can make in Real Estate can range from $150k through to $2m+ annually.
Property Management has a more stable income. In saying that, I have worked with many who are making more than $100k annually (again, through hard work).
There are several things you can do to change how much money you can make in Real Estate from the minimum to the median, median to upper echelon and above. Some of these tools include working smarter (not harder), improving your marketing, stronger use of technology and increasing your educational standard from entry-level to fully qualified.
We can help you to get into real estate and then to earn more when you are working in real estate. Contact us on 1300 877 735