Do you want to start a business in the property industry without being an agent or broker? If YES, here are 50 best niche real estate business ideas.
The real estate industry is one of the many industries that is a major contributor to the growth of the economy of many nations of the world. As a matter of fact, a real estate agent can become a millionaire ‘overnight’ from just one real estate deal.
It is little wonder that the industry is responsible for making many instant millionaires in the united states of America, as well as the rest of the world. The Bureau of Labor Statistics projects 11.1 percent job growth for real estate sales agents between 2012 and 2022, which is about as fast as average.
During that time, an additional 38,000 jobs will open up. The real estate industry involves the buying, the selling, or the renting of lands, buildings or housing facility et al.
If so far, all of what you have known about a real estate business thrills you and you want to come into the industry, then you may want to look at some ideas below. Here are 50 business ideas in the real estate industry that an aspiring entrepreneur or investor who is looking towards starting a business can choose from;
Best Estate Business ideas
Property development industry is a many-sided business that covers all aspect of activities ranging from acquiring raw land to selling or renting or leasing of fully finished and furnished properties. In essence, developers are responsible for turning ideas into real properties; i.e. they acquire land, they finance real estate deals, they engage in building projects and they sell, rent, lease and manage properties on behalf of their clients.
Beyond every reasonable doubt, one of the most profitable, creative and interesting aspect of the real estate industry is property development.
As a matter of fact, developers are a major player when it comes to determining the prices of properties. Although this type of business venture can be risky, but in other to make it big in the industry as a property developer, you just have to take calculated risks.
Property management which is a subset of the real estate industry is perhaps one of the easiest and affordable real estate business to start; it is basically about lease contracting or accepting rent using legal documents approved for the area in which the property is located.
In a nutshell, property management companies are responsible for taking care of and managing buildings and other real estate properties for individuals (landlords) or for groups of owners.
No doubt, if an aspiring entrepreneur who intends starting his or her own property management business has the right connections, networks, managerial skills, and takes delight in managing real estate for clients, then he or she is going to find property management business very rewarding and lucrative.
Another thriving and profitable easy to start real estate related business that an entrepreneur who is serious about making money should consider starting is to offer landscaping services. Landscape architecture is all about the art, planning, designing, management, preservation and rehabilitation of the land and the design of a large man – made construct; it beautifies our environment. Landscaping business
Just like Lawn care business is not one of those businesses that someone can start and make big money from without truly working pretty hard and smart.
Any entrepreneur who intends starting his or her own landscaping business and making huge profits from it must be very creative and must be ready to go the extra mile to convince clients that he or she can deliver an excellent job and he or she must prove beyond every reasonable doubt that they are competent.
Lawn care business is yet another easy to start real estate related business that an entrepreneur who is interested in starting a business should consider starting is lawn care services. Lawn care business is not one of those businesses that someone can start and make big money from without truly working hard and smart.
Any entrepreneur who intends starting his or her own lawn care business and intends making huge profits from it must be very creative and must be ready to go the extra mile to convince clients that he or she can deliver an excellent job and he or she must prove beyond every reasonable doubt that they are competent.
- Handyman Business
- Homeless Shelter
- Property Preservation Company
- Home Staging Business
- House Flipping Business
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Start a Property Brokerage Firm (Rental Agent)
Did you know that you can make thousands of US Dollars from just brokering a property deal? All you need to do is to connect the seller of a property to the buyer of a property and you will make your commissions based on percentage if the deal pulls through.
So, if you are looking for a real estate related business to start, a business that you can successfully start with little or no cash, then one of your option is to start a property brokerage firm; become a rental agent. It is a cool way of making cash.
Starting a real estate advisory and consultancy services is yet another thriving and profitable real estate related business that an entrepreneur who is interested in starting a business should consider starting.
A real estate consultant provides the seller with a real property condition disclosure (if required by law) and other necessary forms. It serves as a contact available to answer any questions about the property and schedule showing appointments.
Also, he or she ensures that buyers are pre-screened and financially qualified to buy the property. (Sellers should be aware that the underwriter for any real estate mortgage loan is the final say.)You will also negotiate price on behalf of the sellers.
There are several businesses that an entrepreneur can launch in the value chain of the real estate industry and one of them is to start publishing real estate magazines. Information is key in any industry and all you need to do to be able to gain ground with this type of business is to ensure that you have relevant contents in your magazine per time.
Part of the information that you should make available in your real estate magazine are the properties that are up for sale, lease or rent, their prices, the trends in the real estate industry, and advisory services to investors who are looking towards investing in the real estate industry.
Another profitable and thriving business idea in the real estate industry that an entrepreneur who intends starting a business in the industry should consider starting is to start a real estate related TV show. Although there are several real estate related TV shows out there especially in the United States, but that does not in any way stop you from starting yours.
If your TV show is well organized and packaged to address key issues as it relates to real estate, you will sure attract large viewership and of course mouthwatering sponsorship deals from major players in the real estate industry in your country.
It is a cool way of making money, but you must always be your toe when it comes to developing interesting contents for the TV show. However, you have to be able to land some mouthwatering sponsorship deals.
Of course it is more expensive to buy slots on TV than it is for radio. Thus, if you are looking towards starting a real estate related talk show and you don’t have the finance to purchase airtime on TV, then going on radio is your best options.
The truth is that, if your radio talk show is well organized and well – packaged to address key issues in the real estate industry, you will sure attract large listenership and of course mouthwatering sponsorship deals from major players in the real estate industry in your country.
It is a cool way of making money, but you must always be your toe when it comes to developing interesting contents for the radio talk show.
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Become a Real Estate Blogger
Another easy to start business in the real estate value chain is to become a real estate blogger. It is interesting to note that there are loads of people out there who are making millions annually blogging. If you are a real estate professional or someone who has sound knowledge in the real estate industry, one of the businesses that you can consider starting is to start blogging on real estate related subjects.
The truth is that if your blog has useful and helpful contents, you will attract loads of traffic and if you have loads of traffic on your blog, you can easily secure good advertising deals from stakeholders and other businesses in your blog. Just ensure that you update your blog regularly and you will continue to attract traffic.
There are loads of people out there who are too lazy to mount the seriousness involved when it comes to investing for their future. For some of such people, if they happen to find themselves in the midst of investment minded people, they will definitely buckle up.
So if you are looking for a business to start in the real estate industry, then one of your options is to start a real estate investment club.
Real estate investment club is an investment club whose investment is target towards properties and other businesses in the real estate industry. The investment club could be targeted towards your colleague at work, people in your church or people in your neighborhood. It is a way of getting people to participate in the finance services industry.
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Build and Rent Hostel Blocks
If you have the financial capacity and are looking towards investing in the real estate industry, then one of your options is to build hostel blocks and put them up for rent.
One good thing about investing in business like this is that you will continue to earn from the investment as long as the facility is still habitable and you can transfer the investment to your family members and they will continue to earn from it even when you are long gone.
If you are thinking of starting this type of business, then you should ensure that you target campus community where they have shortages in their hostel facilities for their students. What is more, the capital involved might be an enormous one.
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Build and Rent Shopping Malls
Another thriving and highly profitable business idea in the real estate industry that an entrepreneur who has the financial capacity to invest in properties should consider starting is to build and rent shopping malls. If you are considering starting this type of business, then it is advisable that you source for a location notable for commercial activities.
What is the use of building a shopping mall in an area that you are not sure will attract sales? Well, it is important to state that you would need to get permission and building approval from the appropriate authority in your country before going ahead to build shopping malls.
Developing and selling of real estate software applications is yet another cool way of making money in the real estate industry. If you are a software developer, then you should consider developing customized software applications for the real estate industry.
You work with your client to develop tailored software application that suits perfectly into their business. In marketing your product, you would have to go out of your way to convince stakeholders in the real estate industry to patronize you.
Another profitable and thriving business venture in the real estate industry is to offer legal services. So if you are a lawyer and you are looking towards starting a business of your own, then one of your best options is to offer legal services in the real estate industry.
Part of the services you are expected to render are facilitating a Sale — guiding a seller through the selling process. FSBO document preparation — preparing necessary paperwork for “For Sale by Owner” sellers, acts as a fiduciary for the seller, which may include preparing a standard real estate purchase contract and preparing contracts and leases amongst other related services.
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Create a Website for Listing Properties that are for Sale, Lease and Rent
One easy way of making money from the real estate industry is to create a website where people can list their properties that are for sale, lease and for rent. It is a simple business to operate in the value chain of the real estate industry because this type of business requires minimal start – up capital and it is a business that can run on autopilot.
So if you are looking for a real estate related business to start, then one of your options is to create a website for listing properties that are for sale, lease and rent.
Aside from the fact that you may want to collect membership fee and administrative fee from those who want to list their properties in your website, you can still earn good money from adverts especially if your website attracts huge traffic.
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Start a Real Estate Agency Business
Another profitable and thriving business that an entrepreneur who is interested in the real estate can successfully launch is a real estate agency business. The fact that real estate business is a very rewarding business does not mean that there are no challenges in the industry.
Starting a real estate agency in the United States of America comes with its own challenges, you would have to abide by the law and also compete with loads of other entrepreneurs who also are interested in making a living and building a business in the US.
One thing is certain for every real estate agency; if they are hardworking and proactive, they will always generate enough income to meet all their overhead and operational cost, keep their business going without struggle and make reasonable profits from all business deals that they are involved in.
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Start Pre–Construction and Post–Construction Cleaning Business
Another thriving and indeed profitable business venture that an entrepreneur who is interested in starting a business in the real estate industry should consider starting is a pre – construction and post construction cleaning business.
It is the practice for pre – construction cleaning to be carried out in a proposed construction site before the commencement of proper construction work and of course after the construction, post construction cleaning is expected to be carried out before the facility are commissioned or open for rental or leasing.
So if you are in the cleaning industry, it will pay you that add pre – construction and post – construction cleaning as part of your service offering.
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Start a Property Makeover Business
Starting a property makeover business is yet another thriving and profitable real estate related business venture that an entrepreneur who is looking towards starting a business should consider starting. If you want to increase the market value of your property, then you should hire the services of a property makeover company.
Property makeover companies put professional touches to uplift the outlook or a building facility. So if you are interested in starting a business in the real estate industry, then one of your options is to start a property makeover business; it is a cool way of making money from the real estate industry.
Just ensure that you network with stakeholders in the real estate industry so as to secure steady flow or property makeover contracts.
An interior decoration business is a typical home improvement and real estate related business that an entrepreneur who is serious about making money should consider starting.
Interior decoration is all about giving our homes, offices and buildings facelifts; interior decors are involved in activities ranging from color selections for apartments, lighting selections, blind selections amongst some other things that are needed to bring out the beauty in a house or building.
So if you are looking for a real estate related business to start, then your best bet is to start an interior decoration business; it is a profitable and thriving business venture to engage in and it is a business that you can successfully launch after few months of trainings.
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Fixing of Wall Papers
One of the coolest ways of making money from the real estate industry is to go into the fixing of wall papers. Wall papers are now produced in 3D format and they usually change the outlook of an apartment once they are used.
So, if you are looking for a profitable, thriving, simple and cost effective business to launch in the real estate business value chain, then one of your options is to start fixing wall papers. It is a business that a serious minded entrepreneur can successful start and manage; it requires just few days of training.
Your ability to generate income from this type of business depends largely on your ability to market your services to potential clients; social media and your catalogue are your major marketing tools. If indeed you are very creative and good at the art, then you can be sure to attract loads of clients as the days roll by.
House painting business is yet another highly lucrative and profitable real estate related business that an entrepreneur who is interested in making money should consider starting.
Painting of a building is some of the finishing touches that are carried out after construction jobs have been completed or before a new tenant moves into an apartment, office or shop. So also, one of the easiest way of improving the appearance of your home is first to paint your house.
This goes to show that there are indeed loads of business opportunities for professional painters. So if you are looking towards starting a real estate related business, a business that requires very minimal start – up capital and a business that you can successfully operate alone or with one or more employees, then one of your options is to go into home painting business.
It is important to state that you would be required to acquire training as a painter before you can successfully launch this type of business.
Another profitable and thriving business that an entrepreneur who is interested in starting a business in the real estate industry can successfully start is a property movement business (logistic company).
Property movement business (logistic company) involves helping people who are moving from one apartment to another, from one city to another and from one office facility to another office facility move their properties and belongings. All you need to start and run this type of business is a truck and a handful of employees to assist in packing et al.
Property cleaning business is yet another cleaning related business that an entrepreneur who is interested in starting a business in the real estate industry should consider starting. Homeowners hire the services of cleaning agencies to help them clean their facility; such cleaning could be restricted to only the outward part of a building or both the inward and outward part of the facility.
So if you are looking towards starting a real estate related business, then one of your options is to start a property cleaning business. If you are thorough with your job, you can win a cleaning contract to clean the whole of an estate and similar facilities.
Another thriving and profitable real estate related business that an entrepreneur who is interested in starting a business should consider starting is a plumbing business. As a matter of fact, a building is not complete with a thorough plumbing job.
In recent time, it appears that plumbers are scare to come by; the plumbers that are available in most communities are not enough to service the entire community.
So if you are looking for a real estate related business to start, then one of your options is to start a plumbing business. It is important to state that you would need to acquire a plumbing skill if you intend starting a plumbing business. This type of business is a business that you can successfully run alone or with one or more employees.
Roof maintenance and restoration business is yet another profitable and thriving real estate related business that an aspiring entrepreneur can successfully start with little training. No doubt roofs are subjected to wear and tear due to the exposure to harsh climatic conditions which is why after a period of time you will find out that a roof is leaking when it rains.
It is the duty of roof maintenance and restoration companies to help fix leakages in roofs and also to replace worn out roofs with new ones. So if you are looking for a real estate related business to start, then one of your options is to start a roof maintenance and restoration business. It is safe to classify this type of business as post construction maintenance business.
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Installation of Air Conditions and Electric Water Heater
Another profitable and thriving business in the real estate business value chain that an aspiring entrepreneur should can successfully start is installation of air conditions and electric water heaters in buildings. There is a huge market for this type of business especially if you know how to market your business offerings to the right clients.
In order to market your services, it will pay you to network with property development companies and property management companies. Also, visit construction sites to network with site supervisors and other stakeholders on the field. They are likely going to give you the business leverage that you need to take your business to the next level.
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Start the Installation of Security and Safety Gadgets in Properties
It is safe to classify the installation of security and safety gadgets in properties as a real estate related business simply because the services are targeted towards properties.
So if you are looking towards starting a real estate related business, then one of your options is to start the installation of security and safety gadgets such as CCTV, fire alarm and door bells et al. As a matter of fact, it is your responsibility to convince homeowners to install security and safety gadgets in their houses.
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Start Swimming Pool Construction and Maintenance Business
Swimming pool construction and maintenance is yet another real estate related business that an entrepreneur who is interested in starting a business should consider starting.
It is safe to classify swimming pool construction and maintenance business under the real estate industry simply because the nature of the job that is done during the maintenance of swimming pools and the fact that the largest market for this type of business is from major players / investors in the real estate industry.
As such, if you are interested in starting a business in the real estate industry, then one of your options is to start swimming pool construction and maintenance business. It is indeed a thriving and profitable business especially if you know how to market your services to the people that can afford it.
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Start Organizing Info Tech Fairs / Expos
There are loads of players in the real estate business value chain who are looking for platforms to showcase and market their services and properties to their target market. One of such platforms they can leverage on is real estate fairs / expos; a place where entrepreneurs and organizations in the real estate industry can attend to promote and market their properties and services.
So if you are good at organizing events and you are interested in starting a business in the real estate industry, then one of your options is to start organizing real estate fairs / expos. You can organize this event at a city level, state level, national level and international level.
The truth is that, if the real estate fair is well organized, you will sure attract not just startups in the real estate industry, but also major players in the industry.
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Start a Locksmith Business
The Locksmith business is one of the businesses in the value chain of the real estate industry that an entrepreneur who is interested in starting a business should consider starting. Starting a business as a locksmith is undeniably a profitable venture to start but you must first acquire the required training, and then work as an apprentice for a while, before applying for a locksmith license.
Although, a locksmith business is considered to be a small scale business, but it is regulated by the government to ensure that criminal elements in the society don’t take advantage of people.
There are various aspects you can specialize in as a locksmith, and one of the areas you can specialize in is to become a residential door locksmith. It is the norm in the real estate industry for the locks of apartments, offices and hostels et al to be changed before a new tenant moves in and it is the locksmiths that are hired for such services.
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Build and Rent Apartment Blocks
If you are an investor who is interested in the real estate industry, then one of the business venture you can pursue is to build and rent apartment blocks.
This type of business is business that has the potential to outlive the investor; it is a business that you can start on behalf of your children and other family members. So if you are looking for a real estate business to start, then one of your options is to build and rent apartment blocks.
Please note that you would need to get building approval and permits from the required authority in your country before you can be given the go ahead to build apartment blocks in any location.
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Build and Rent / Lease Warehouse
Another related business in the real estate industry that an investor who is interested in starting making money should consider starting is to build and rent / lease warehouses. It is a cool way of making money especially if you are lucky to build your warehouse in an area that is easily accessible by all form of transportation.
So, if you are looking towards starting a business in the real estate industry, then one of your option is to build and rent / lease warehouses. There are a host of folks who would need to have their wares stashed in warehouses. Also, you have to be sure that your warehouse is in a secure area of the town.
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Go into Land Rental / Lease Business
Land rental and leasing business is yet another thriving and profitable business venture in the real estate industry that an entrepreneur who is interested in starting a business can successfully start. People rent land for various purposes and party and farming purposes top the reasons why people rent land.
So if you have a landed property in the city, then you should put the land up for rent for those who would want to use the space for their wedding parties and other party by bringing in canopies and marquee tents. If you have a landed property suitable for farming, you can as well rent or lease the land to farmers; it is a cool way of making money.
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Become a Real Estate Inspector
Another real estate business that an entrepreneur who is interested in starting a business in the real estate industry can successfully start with little or no start – up capital is to become a real estate inspector.
As a real estate inspector your job is to investigate the condition of a property, in most cases for a potential home buyer or an insurance company. So if you are looking towards starting a business in the real estate value chain, then one of your options is to become a real estate inspector.
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Offer Services Real Estate Appraiser
A real estate appraiser service is yet another professional service in the real estate industry that an entrepreneur who is looking towards earning money from the industry should consider starting. As a real estate appraiser expert, your job is to assess and estimate the value of a building.
As an appraiser expert your major clients are mortgage firms and of course insurance companies. It is the norm for homeowners to request independent home appraisals when trying to fight property tax assessments. It is a cool way of making money from the real estate industry.
For you to be able to cut your teeth in the industry, you have got to be conversant with the trade by doing some good and exhaustive research.
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Start a Parking Lot Cleaning Services
Another real estate related business idea that an entrepreneur who is interested in making money from the real estate industry should consider starting is to start a parking lot cleaning services. Starting a parking lot cleaning service is a business venture that requires minimum startup capital and little experience.
The good thing about this kind of business is that it affords you flexibility in your work schedule and you have the opportunity to handle more than one parking lot per time without having loads of employees.
As a matter of fact you can start this kind of business alone or with just one employee and still manage couple of parking lots within your locality. The return on parking lot cleaning business is great compared to the initial capital you invest in it and the running cost.
Starting a mortgage brokerage firm is yet another thriving and profitable business in the real estate industry. Mortgage Brokerage firms are established with the sole aim of providing a convenient platform in form of long term loan to those who want to buy their own property.
With the loan you get from the bank via a mortgage brokerage firm, you can finance any property of your choice as long as you pass the screening and evaluation process.
The screening and evaluation is put in place so as to ensure that due process is followed before issuing a loan and the person receiving the loan must be creditworthy. For you to be able to start a mortgage business, you have to have your license issued by the appropriate authorities.
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Go into the Construction and Fixing of Burglaries
Construction and fixing of burglaries are services rendered by welders in the real estate industry. So if you are a welder and you looking towards starting a real estate related business, then one of your major options is to go into the construction and fixing of burglaries in building.
It is a money – spinning business venture to start. Please note that if you are interested in starting this type of business, then you must undergo welding training.
In most cases, during the makeover of a facility, the services of electricians are needed for electrical wiring. So if you are an electrician and you are looking towards starting a business in the real estate business value chain, then one of your option is to start electrical wiring business.
It is a cool way of making money, but you have to be sure that you have the skills. One of the ways through which you can acquire the skills is by getting first hand training from an expert or from a training school. This is so important so that you can be called an expert.
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Furniture Polishing Services
Furniture polishing services is yet another thriving and profitable real estate related business venture that an entrepreneur who is interested in making money should consider starting. There are loads of people who are willing to pay for this services.
Furniture such as cupboard, wardrobe, cabins, shelves, tables, and any wooden products can come alive and shining if properly polished.
So, if you are looking for a simple but yet profitable real estate related business to start, then one of your options is to go into furniture polishing business. You would be amazed at the number of clients that you are able to attract when you have the skills.
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Floor (Tiles, Marbles, Terrazzo and Wooden Floors et al) Cleaning and Stain Remover Services
Floor (tiles, marbles, terrazzo and wooden floors et al) cleaning and stain remover services is yet another thriving and profitable real estate related business that an entrepreneur who is interested in making money from the real estate industry should consider starting.
This type of business is a niche in the cleaning industry and it is a business that requires professionalism on like general cleaning services. It is important to state that in order to successfully launch this type of business, it will be to your advantage to undergo training, and you can learn the trade from someone who is already successful with this type of business.
No doubt during the makeover of properties, the services of carpenters are needed to fix one or more stuffs as it related to their jobs.
So, if you are a carpenter and you are looking for a real estate related business to start, then one of your best options is to offer general carpentry services; it is a cool means of making money from the business value chain in the real estate industry.
There are several vocational schools that offer the services of training carpenters. It would be in your own best interest to do this, so that you are not found wanting in the long run on the job.
Another thriving and profitable real estate related business that an entrepreneur who is interested in starting a business can successfully launch with little training and pretty low start – up capital is to start louvers / windows cleaning and restoration business. It is part of the services that are offered during building makeover projects.
Those who are looking towards writing real estate certifications exams usually attend classed in tutorial centers that can help them prepare effectively for the exams. So, if you are interested in starting a business in the real estate industry, then one of your options is to start a tutorial college for aspiring real estate professionals.
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Power Plant / Generating Set Maintenance and Servicing Business
If you live in a country where companies generate their own electric power, then one of the real estate related business you can start power plant / generating set maintenance and servicing business. It is a thriving and profitable business that a trained plant engineer or technician can successfully start.
Just ensure that you go all out there to market your services and you are sure going to secure good business deals from estates that depend on power generating sets to for their electrical power supply.
If you are a security expert and you are looking for a real estate related business to start, then one of your best options is to offer security services to estates. It is a cool way of making money from the business value chain in the real estate industry. One of the advantages of delving into this type of business is the fact that you will be able to secure lives and properties.
Waste are generated not only in households but in offices and factories on a daily basis hence the need for waste disposal services. So if you are looking for a real estate related business to start, then one of your options is to start a waste collection and disposal business.
The market for this type of trade is vast, as there will always be the need to care for one’s environment, and one of the ways to do this is by disposing all that is unwanted.
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Virtual Office Rental Services
There are loads of entrepreneurs out there who don’t have offices of their own but operate from virtual office. This goes to show that virtual office rental services is a highly profitable and thriving business not just in the United States of America but also in most part of the world.
It is cheaper and cost effective for entrepreneurs who are just starting their business to make use of virtual office as against renting an office space of their own. So if you are looking for a real estate related business to start, then one of your options is to go into virtual office rental business. If you know your onions and you are well positioned, then it wouldn’t be long before you break even.
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Start Hall Rental Services
People rent halls for trainings, weddings, and for other related events. It is safe to classify hall rental services as part of the businesses in the real estate industry. So if you are looking towards earning money from the real estate business value chain, then one of your options is to start hall rental services. There are several reasons for which a hall can be rented.
Does starting a trade in the real estate industry really guarantee profit? Without a doubt, you can be sure that starting a business in the following niches that have been listed earlier, can guarantee massive returns on investment.