If you’re starting early on investing in real estate, you’ve got the right mindset to build your wealth before it’s too late, but what if you don’t know where to start? Working for already established real estate agents, escrow agent, contractors, or property management companies are a great way to get ahead and start building your knowledge base around the real estate business. It’s more than just learning the lingo of the real estate world, it’s the day-to-day operations that will really help you when you start to invest in real estate. Having the experience of these jobs going in will assist you in not getting taken advantage of, whether by other investors or companies you partner with to maintain and work on houses you’ve invested in.
What do you think of these starter jobs to get into investing? Do you have any other jobs you think would also help get people started in this field? Share your thoughts with us on social media!
5 Real Estate-Related Jobs for Students in a Post-Pandemic World
Feb 20223 min read
Dan Sheeks is a high school Business/Marketing teacher, real estate investor, and personal finance advocate in Denver…ShareTweetShare
IN THIS ARTICLE
- 1. Real estate agent/broker assistant
- 2. Office assistant for an escrow agent
- 3. Property manager assistant
- 4. Work for a contractor
- 5. Work for a mentor
Sponsored
BetterDigital lender and broker
Finance with less debt
Work with Better Mortgage and Better Real Estate to finance your investment property and maximize profit
Sponsored
The Entrust GroupSelf-Directed IRA Company
Real Estate IRA Investing
This step-by-step guide will teach you how to use an old 401(k) or existing IRA to invest in real estate.
As Coronavirus restrictions begin to ease and our world gradually gets back to normal, it can be complicated (and intimidating) for young people to get started in real estate investing. During the pandemic, the investing world experienced trends and adjustments that had never been seen before – many of which may be shifting yet again as the pandemic lets up, interest rates rise, and inflation continues to climb.
As members of BiggerPockets, we understand and respect the passive income generating and wealth-building aspects of real estate investing. And we may have some young people in our lives who we would like to see begin their real estate investing careers. So how should an aspiring young investor get started?
It’s common knowledge that the best way to get into real estate investing is to surround yourself with people, opportunities, and wisdom related to the industry. So why not get the student in your life started by encouraging them to get a job that will introduce them to the real estate world?
By working a job related to real estate, they will be doing what Robert Kiyosaki calls “working to learn, not to earn.” That is, they will be learning things that can help them in their future endeavors while earning a paycheck at the same time. But the main benefit is what they will learn, not the money they will earn.
In most cases, your student could start by searching for the types of businesses listed below in their neighborhood. Parents and mentors can also ask people they know in the real estate industry if they might be hiring. You never know if that agent who helped you buy a house two years ago might need some office help or if your property manager is looking for an intern.
Here are five strategic jobs young people can use to help them get their feet wet in the real estate investing world.
1. Real estate agent/broker assistant
Real estate agents could always use more help. Offices that house several agents need even more help. And in today’s real estate market, where the demand for properties is far great than the supply in most areas, agents definitively need help finding sellers. As a real estate broker assistant, your student may be following up on leads, posting on social media, creating and editing promotional videos, posting property listings, filing documents, greeting clients, answering the phone, and assisting with property closings.
Related: How to Invest in Real Estate Before Turning 21
2. Office assistant for an escrow agent
Escrow agents guide real estate clients through the escrow process. As an office assistant, your student may provide clerical support, create and edit correspondence and documents, maintain files and records, and provide services to clients.
3. Property manager assistant
Property management companies house several property managers who usually have more work than they can handle. Property managers need help showing properties to prospective tenants, handling marketing campaigns, fulfilling maintenance requests, addressing tenant complaints, and often dealing with stressful situations.
4. Work for a contractor
There currently is an extremely high demand for quality contractors, so much so that contractors are turning down jobs and projects they would love to take on. That’s why contractors around the country are looking for quality help, even if it’s just a part-time beginner who is motivated and willing to learn. If your student is handy, this could be an excellent fit for them.
Related: 6 Money Lessons to Teach Kids at Home During Coronavirus
Are you ready to invest?
One of the most frequently asked questions in the BiggerPockets forums is “How can I start investing in real estate with no money and bad credit?” The answer? You shouldn’t. You need to fix your situation and invest from a position of financial strength.Subscribe to the BiggerPockets Money podcast
5. Work for a mentor
There is no better way for your student to learn the ropes than to work for someone who does exactly what your student would like to do someday. If your student wants to invest in real estate, maybe your family knows a real estate investor looking for an intern, apprentice, or mentee. Or maybe your student wants to work in banking or finance. Do you know a local lender who might need some extra help?
ThesThese five jobs have a wide range of duties and skillsets. Hopefully, there is one that will pique your student’s interest so they can gain some valuable knowledge while also making some extra money.
Source:
https://www.biggerpockets.com/blog/5-real-estate-related-jobs-for-high-schoolers-college-students-this-summer