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About Ruben Martinez

My name is Ruben Martinez I am a entrepreneur and Houston native. I like to start companies and document the process. With commitment and focus you can get anything done. Realistically.

Make money referring apartments from home

Make Money For Referring Apartments From Home

Did you know you can get paid to refer your clients to apartments? Before you start referring apartments left and right, make sure you are licensed with your state’s commission. If you are not licensed, read “How to get started in real estate.” Then you can come back and finish this post.

After reading this post you will:

  1. Be able to create a stable business you can run from home.
  2. Understand why and how apartments pay out for referrals.
  3. Make money with this simple process.

If They Can Do It, You Can Do It!

Have you seen companies like Apartment Finder, Apartments.com, Apartment list and others like these? These companies have made it to where their sites do the all the work if anyone uses them to find an apartment. After a client leases, those companies then send an invoice to the apartment for payment. This is usually 30 days after the client’s move-in date. These companies will then receive a check in the mail. There are also smaller companies that do the same thing. So how can you get in on this?

Let me show you!

Now that you have your license, you can start doing this from home. This is what you will need:

  • A computer
  • A phone
  • Internet connection

That’s it! Find an apartment data provider in Houston. I personally use ApartmentData, and the best part is it’s free! ApartmentData includes a step by step questionnaire to go through with your client. Once you and your client have answered the questionnaire, a list of apartments will be generated. You can send this to your client through an automated email thats created by the software. It looks something like this – Prospect_Recommendation_List

Once you’ve sent the list to your client, you will receive a notification informing you when your client has opened the list. That’s a good sign for you to call your client and follow up to see if they need any updates or have any questions for you.

Remember to remind your clients to put your name in the referral box of the application. Call the property to confirm that your client has applied once your client has told you so. Wait 30 days or send the property an invoice 30 days after your client has moved in. The apartment software will auto-populate an invoice you can directly send to the property. Now you can sit back and wait for your comission check! We don’t live in a perfect world, so sometimes it will take for you to call the property to stay on top of your invoice. Unfortunately, some people don’t take their job seriously and your invoice can just get lost in limbo so it’s important you keep records of every unpaid transaction to follow up on.

These are the fundamentals. It is your job to come up with interactive ways to find new clients. There are tried and true ways to find clients online through social media, listing sites, etc. Rule of thumb is to always start with your friends and family, and make sure to let people know as soon as you start thinking about getting into real estate. Now that you have got all the basics, let’s go make money!

 

 

How To Get Started In Real Estate

How To Get Started In Real Estate

There are a couple ways to get started in real estate. You either have the money to invest in property or you can pay for your real estate license and help people that have the money invest in property, buy property or sell property and get paid along the way.

In this post I will go over how to get your real estate license fast so you can start making money as soon as possible. After reading this post you will understand:

  1. The benefits of having your real estate license.
  2. How to get a license with no experience.
  3. How to make money with it.

A lot of people would be surprised to learn that a person can make a decent income by helping their peers do something that we all commonly do – move, buy a home, or sell a home. Do you know someone that has rented an apartment in the past year?

Do you know someone that just purchased a home? Someone that is tired of their starter home. Someone ready to upgrade or has some extra cash and is ready to invest into a property? The list goes on. These scenarios all have something in common – a commission check for you. Lets do some math.

Crunching the numbers

Looking at how to get started in real estate the number are important. The average rent in Houston where I live is $1082 according to RENTcafe (oct 18). If you help 12 clients find a property to move to, you could potentially make $12,984.00. This number may vary by property.

According to the Houston Association of Realtors, the average home sells for $230,000. If you are the real estate agent that helps find the home purchased by your client, you can get 3% paid to you by the seller for a total of $6,900.00.

How many people do you know that are ready to purchase a house?

Again, if you help a client sell their home for the average price in Houston, you can potentially make that same 3% leaving you with another $6,900.00

Just like that you potentially made $26,789 doing the bare minimum. Great news is you can do more than the bare minimum.

Its All On You

You can work your own hours from home and mold your business however you want. Some agents make it their full time gig and have made thousands up to millions doing simply that. To learn more on turning that $26,789 into $100’s of thousands, find out more here.

Just like with every new business, it does require effort to get started but if you do the math, you will see how it is easily worth it. First, you need to take 180 hours of real estate classes that you can finish in 20 DAYS by taking your courses online from home for only $389.25  right here!

The other option would be driving to a physical location on their time schedule based on what classes you can show up to. This can take anywhere from 3-6 months to complete and comes with a price tag of $980.

Its All The Same

The education is the same so the choice is yours. I took mine online to get through it as fast as I could so I could start making my profit. Once you are done with your classes, you can apply for your national and state exam that will cost you $205.00 with the Texas Real Estate Commission.

No matter how confident you may feel about knowing the material, I always suggest taking a cram class or practice test before any test just to be on the safe side. Take your test, pass, and get finger printed. Congrats you are a licensed agent!

Before helping a client, make sure you get your license activated by joining a brokerage. If you only want to only deal with apartments, you can join an online brokerage. Learn more here. If you want to be an apartment locator, sell houses and help buyers you will need to join HAR.

If you live in Houston this will give you access to the MLS, Texas Association of Realtors, National Association of Realtors and much more. This cost for this is $439 initially and around $60 every 4 months. A bonus is that you don’t have to come up with this all at once. Now that you know how to get started in real estate.

You are in business!

Now that you have your license, let’s make some money! The first perk you get is software that tells you all the information about all the apartments in Houston and how much commission they pay out to licensed agents.

You will use this software to help your clients with simple step by step questions you can ask and then input into the software to find all the properties that fit your client’s criteria. Find properties, you can email a link to the properties to your client.

Once your client applies for their new home, all they have to do is put your name in the referral box. You can then call the property to confirm your client has applied the software will automate an invoice you can send to the property. Expect a check in the mail a few days after your client has completed 30 days of living at the property.

Selling Homes

If you decided to join HAR, you can show houses because you now have a license to sell. Let your client know once you get started on their home search. You will be given a search option that non licensed people will see. You also have to get your Supra key in order to be able to get into the houses.

This requires some paper work, but if you have them saved to your desktop then it becomes a breeze. Show some houses to your client, and once they find the perfect house, put the offer in! Once your offer is accepted. Your job is to get the lender and title company together to go over everything your client needs. Now all you have to do is wait for closing day and get paid 3%!

Getting started is not that hard if you have a plan. You can see, with just doing the bare minimum and after everything you have paid, are still up $25,755.75!

 

ROAD TO LICENSED STARTS HERE

 

 

 

Getting Started

Getting started is probably the hardest part about becoming an entrepreneur. It takes guts to sacrifice your own TIME. But if TIME is what we are afraid of losing then why do we give it up to a job so easily? Are jobs good? Of course they are but is there an exit strategy? Maybe a side hustle that is easily manageable or simply a site that you can drop-ship items. The reality is anything can be turned into a form of income. By getting romantic with the process, indecisiveness usually becomes an issue leading to wasted TIME.

Other ways to create income is to be licensed to do any of the following. These require minimal schooling and a test at the end of the course. This varies from state to state so be sure to check your state regulations or simply google it.

  • Real Estate Salesperson
  • Mortgage Loan Originator
  • Real Estate Appraisal
  • Home Inspection
  • Professional Property Management
  • Texas Insurance

Do you like to make things? Are you good at planning events, getting noticed on social media, good with a camera, love editing, making videos or even telling stories? Can you make clothing, music, good with sounds, love writing, making websites, managing traffic, love computers or technology? Have you stopped to think why? Because you can! This is for those that are chasing something or have that itch to have something that is theirs. Maybe there is a bigger purpose and this will educate and prepare you for what you ultimately want to accomplish and no one can tell you what that is. You will find out with time.

Experience will definitely show you what you are not good at so jump on something that sounds interesting to you. Again do not get romantic with it, this will slow down the process.

You’ve decided! Good, moving along.

Take into consideration the time that you have available to give up to this project. Now give up everything to this project within those hours. Just like a body builder, you need to commit to your project.

First, get the schooling out of the way (you can get any of those classes online).

Next, practice what already works. Find successful people in your field and immulate what works and cut out what doesn’t. Document the process so you can track what works and what does not, then improvise.

During the hours that you committed to your project you are responsible to think and act in the best interest of your project. If cash flow is required for your project to flourish then take advantage if the fact that we live in a time where you have so many options to make some extra cash on the side. Below are a few examples.

Fiverr – Website where you can advertise any type of talent or service that you can offer. Check out the site and see what others are doing.

UBER – This one is pretty much self explanatory but it does have its pros and cons. You can make up to $32 an hour depending on how busy the city you live in is.

Lyft – Uber’s competitor. You’ve got to love competition and here is a good reason why. When one is failing the other prevails which always gives you more opportunity.

Postmates – Possibly the biggest delivery app in most states.

Craigslist– Browse for potential gigs and side hustle opportunities.

The list goes on for competitors in each state.

There are so many ways to get the cash you need. Remember that you might need to justify doing any of these but I’ll remind you that everything you are doing is in the best interest of your project – not you.

Document everything, remove what doesn’t work and improvise.

Do you see progress in your project? If not, start over and repeat the process until you do. If yes, then it’s time to make it an official DBA, S CORP or LLC. The next blog post I will go over the benefits of each one so you can decide what’s best for your business.