Real Estate sales vs Commercial Cleaning

[business224]

Hi all,

I found this forum after reading the book. I would like some advice from business minded people. I am currently in Real Estate sales as a Realtor. Some people make big money by starting brokerages and teams. That was my goal getting into the business. However it has been a tough winter. Many deals are falling apart on me and it seems like I do not have much control over my business and it is starting to bother me. I have been at a cross road on weather I should open a commercial cleaning company due to the ability to scale it and have repeat income. What business do you feel has more potential? Any business advice would be great because I am investing a lot of time into Real Estate and not getting much of a return.

 

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[LateStarter]

Businesses are like real estate. It depends on your market.

In mine it's a nightmare getting reliable cleaning staff so there's no way I'd consider it. But RE is super hot here right now, so I'd focus on that instead (flipping, wholesaling, selling).

Your market will vary.

 

[business224]

Thanks for the response.

 

[jazb]

I don't know where you are so i do not know the laws. but perhaps you could focus on residential cleaning to start with. learn how to market and get the jobs (a good door to door direct marketing campaign should do it).

then you can find the good, reliable cleaners and sub contract the jobs to them.( tons of women who would do part time cleaning) its better to pay them per job and not a weekly payroll when starting out.

you aren't doing any cleaning yourself and provided you have good systems in place, you could probably do both cleaning and real estate.

 

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[Ryan Howard]

https://www.biggerpockets.com/renewsblog/2015/04/20/how-to-100000-dollars-year-real-estate/

This article may be some help. Might seem a little slow lane but after that fifth year you will be making give or take 100k just off of two sales. Hopefully this helps