How to Make 6 Figures As A Landlord? (11 Best Ways in 2024)
So you want to make six figures as a Landlord? Good for you! Being a Landlord is a highly respectable and well-paid profession, and there's no reason why you can't earn a high income if you put your mind to it.
In this blog post, we'll look at some of the best ways to make more money as a Landlord - business ideas you can start to achieve such income. Keep reading to learn more!
1. Start an ecommerce store ($287K/month)
Starting an ecommerce store could be a lucrative way to supplement your income and help you achieve six figures as a landlord. With lower overhead costs and increased flexibility compared to traditional brick-and-mortar businesses, an ecommerce venture could fit seamlessly into your existing schedule. You could reach a wider audience and generate consistent revenue, leveraging the convenience and efficiency that online shopping offers to consumers.
Additionally, the booming ecommerce sector provides an ideal climate to expand your revenue streams beyond rental income. By setting up a user-friendly website and utilizing effective inventory and payment processing software, you could efficiently manage your online store while focusing on growing your rental properties. Entrepreneurial landlords could find that diversifying their income through ecommerce not only enhances financial security but also capitalizes on the growing trend of online shopping.
How much you can make: $350 — $13,500,000/month
How long does it take to build: 120 days (?)
Time commitment per week: Min. 5 hours/week
Southern Elegance Candle Company, founded by D'Shawn Russell, started as a side hustle making around $200 per weekend at a local Farmers Market, but now averages approximately $20,000 per month in sales across their retail site, wholesale site, and Faire.
2. Become a social media influencer ($57.4K/month)
You could supplement your income as a landlord by becoming a social media influencer within the real estate or property management niche. By leveraging platforms like Instagram, YouTube, Facebook, and TikTok, you could share expert advice, showcase rental properties, and offer tips on tenant management, which will attract a large audience interested in real estate.
With a growing follower base, brands related to home improvement, property management software, or rental services might sponsor your content, providing additional revenue streams that can push your earnings into six-figure territory. This entrepreneurial venture could not only diversify your income but also establish you as a credible authority in the real estate market, leading to further opportunities.
How much you can make: $2,500 — $166,666/month
How much does it cost to start: $800 (?)
How long does it take to build: 155 days (?)
How one mother built a profitable frugal motherhood, life, and travel blog from scratch, using Instagram, Pinterest, and paid sponsorships to grow from 0 to 18.5K followers and generate $1,500-$3,000 per month in less than two years.
3. Start a podcast ($97.9K/month)
Starting a podcast could be a compelling way for you to supplement your income as a landlord, eventually helping you to make six figures. By creating audio content about property management, real estate investing, or tenant relations, you could attract an audience of like-minded individuals eager to learn from your experience. This niche-focused approach could quickly elevate your podcast into a go-to resource, fostering a loyal listener base.
Once your podcast gains traction, you could monetize it through sponsorships, advertisements, or even premium content. The costs are relatively low to start: you'll need a microphone, headphones, and an affordable hosting platform. Promoting your podcast on social media and within online communities could further expand your reach, providing additional revenue streams that complement your primary income as a landlord.
How much you can make: $400 — $1,020,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 60 days (?)
Time commitment per week: Min. 2 hours/week
A successful podcast production company that grew from one client making $15/hour to a team of 10 contractors producing over 30 shows per week with revenue of over $10k/mo, primarily through referrals and with a focus on providing high personal touch and being picky about working only with clients who are a good fit.
4. Create an online course ($91.9K/month)
As a landlord, you could supplement your income and potentially makes six figures by creating and selling an online course that capitalizes on your expertise. You could identify educational gaps related to property management, tenant relations, or investment strategies and develop engaging video lessons and supplementary materials.
With flexible structures, self-paced or cohort-based, your course could attract eager lifelong learners seeking convenient access to your specialized knowledge. Launching an online course platform allows you to monetize your instructional talents with minimal startup costs, creating a valuable income stream that complements your primary business as a landlord.
How much you can make: $350 — $1,000,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 88 days (?)
Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management.
5. Start a blog ($44.9K/month)
Starting a blog could be an excellent way for you to supplement your income and potentially make six figures as a landlord. By sharing your expertise and experiences in property management and real estate, you could attract a broad audience interested in your insights, turning your blog into a popular and trusted resource. With blogs rated as the 5th most trustworthy source of gathering online information and 77% of internet users reading blogs, there’s a significant opportunity to establish yourself as an authority in the industry.
Additionally, you could monetize your blog through various channels such as advertising, sponsored content, and affiliate marketing. With approximately 409 million people viewing more than 20 billion pages each month, the potential to reach a vast audience and generate substantial income is immense. By consistently providing valuable content and engaging with your readers, your blog could become a lucrative side business or even a primary source of income.
How much you can make: $100 — $650,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 30 days (?)
Time commitment per week: Min. 5 hours/week
Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management.
6. Start a social media marketing agency ($116K/month)
Starting a social media marketing agency could be a powerful way to supplement your income as a landlord and pave the path towards reaching six figures. This side business can be particularly beneficial because it does not require a significant time commitment, allowing you to continue managing your rental properties without interruption. By leveraging social media marketing tools and developing a solid marketing strategy, you could efficiently serve clients and consistently generate additional revenue.
Moreover, creating a compelling agency portfolio to showcase your services could attract a steady stream of customers. Whether you aim to cover your utility bills, finance educational ventures, or save for a dream vacation, a social media marketing agency offers a versatile and lucrative option. With minimal upfront investment, it's an entrepreneurial venture that can significantly boost your overall income.
How much you can make: $1,000 — $500,000/month
How much does it cost to start: $7,500 (?)
How long does it take to build: 60 days (?)
Time commitment per week: Min. 30 hours/week
How David Tile turned a freelance writing gig into an $80k/month business, discussing lessons learned through managing growing demands and maintaining a remote team operation.
7. Become an affiliate marketer ($55.3K/month)
As a landlord with an entrepreneurial mindset, you could significantly boost your income by becoming an affiliate marketer. By promoting other companies' products or services related to real estate, home improvement, or property management, you could earn a commission on each sale generated through your referral links.
This venture requires minimal upfront investment since you don’t need to create or own the products yourself. You'd simply leverage your marketing skills to drive traffic and sales to these products. With dedication and effective marketing strategies, this side business could potentially help you reach that six-figure income goal.
How much you can make: $18,000 — $83,000/month
How much does it cost to start: $100 (?)
How long does it take to build: 150 days (?)
This case study explores how Spencer Mecham founded Buildapreneur, an affiliate marketing business, and has made over half a million dollars in profit with no employees, relying solely on content marketing through platforms like Facebook, YouTube, and TikTok.
8. Digital products ($261K/month)
Leveraging digital products can be an innovative way to supplement your income and help you make six figures as a landlord. You could create an online course or ebook focusing on property management excellence, rental strategies, or how to avoid common pitfalls in real estate investments. This type of information-based digital product is highly valued and can be easily sold to your target audience without worrying about inventory or storage.
Another option is to develop software tools or apps tailored for landlords, such as rent collection software or property management systems. These digital offerings could bring in a steady revenue stream as more landlords seek efficient solutions. With the endless possibilities and relatively low creation costs, diving into digital products could transform your real estate side business into a lucrative full-scale operation.
How much you can make: $10,417 — $1,766,666/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 60 days (?)
FilterGrade is an eCommerce platform offering digital assets such as photo filters and video templates; attracting over 450,000 monthly users and generating approximately 30k a month, the founders worked hard to build a valuable marketplace for creators while focusing on digital marketing, partnerships, and content creation.
9. Start a freelance writing business ($65.5K/month)
Starting a freelance writing business could significantly supplement your income as a landlord, giving you the flexibility to earn extra money on your own terms. By leveraging your strong writing skills and ability to meet deadlines, you could capitalize on your free time, especially when real estate demands are low, or property management tasks are minimal.
Freelance writing allows you to define your own work schedule and work from home, making it an ideal side business that doesn't interfere with your responsibilities as a landlord. By keeping yourself up-to-date with current writing tools and trends, and maintaining proper communication skills, you could position yourself as a sought-after writer in various niches, potentially growing this side hustle into a significant additional income stream.
How much you can make: $700 — $500,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 56 days (?)
How David Tile turned a freelance writing gig into an $80k/month business, discussing lessons learned through managing growing demands and maintaining a remote team operation.
10. Start a career coaching business ($48.5K/month)
Starting a career coaching business could significantly supplement your landlord income, helping you potentially make six figures. By offering personalized guidance and strategic services, you could support clients navigating career transitions and advancement, leveraging your entrepreneurial skills to create a lucrative side venture or even a standalone business.
Utilizing your human resources expertise and motivational abilities, you could design custom sessions tailored to each client’s professional goals, including resume building, interview prep, and workplace advancement. The flexibility of in-person or virtual meetings allows you to build a diverse client base, offering specialized advice and accountability that empowers your clients and boosts your revenue.
Launching a career coaching practice also provides the opportunity to set your own schedule, enhancing your work-life balance while maximizing income potential. For individuals with a knack for speaking and mentoring, this path opens doors to monetizing those talents in a field with high demand.
How much you can make: $1,000 — $235,000/month
How much does it cost to start: $1,500 (?)
How long does it take to build: 60 days (?)
Wall Street Oasis, the largest online community focused on careers in finance, has over 100 million visitors during its 14-year history and is currently receiving over 2 million visits per month, offering interview courses and mentorship services, in addition to building and investing in a thriving online community.
11. Start a youtube channel ($146K/month)
Starting a YouTube channel could help you make six figures as a landlord by leveraging your real estate expertise to generate additional income. You could create valuable content around topics such as property management tips, maintenance advice, and market trends, attracting a dedicated audience. With enough subscribers and watch hours, you could join the YouTube Partner Program, which allows you to monetize your channel through ad revenue.
Moreover, you could use your channel to promote services or products related to the housing industry, creating multiple revenue streams. Sponsorships, brand deals, and affiliate marketing opportunities are also viable avenues for earning extra income. By consistently providing relevant and engaging content, your channel could become a lucrative side business or even a primary source of income.
How much you can make: $800 — $1,000,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 5 hours/week
Learn how this entrepreneurial couple made $5-7k a month by helping others find legitimate work from home jobs and creative ways to make money online through their blog and YouTube channel, as well as offering two flagship products designed to help beginner freelancers and new bloggers accelerate growth.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
