What do you do if you're an experienced real estate professional considering contract work?

2 Update Resume

Your resume should reflect your expertise and readiness for contract work. Highlight your real estate experience with specific achievements and skills that are transferable to contract assignments. Make sure to update your professional summary to indicate your interest in contract opportunities. Tailor your resume for each opportunity, emphasizing how your background aligns with the project's requirements and how you can contribute to its success.

3 Network Actively

Networking is crucial when looking for contract work in real estate. Reach out to former colleagues, clients, and industry connections to let them know you're available for contract opportunities. Attend industry events, join real estate forums, and participate in online communities to increase your visibility. Building a strong network can lead to referrals and insider information about upcoming projects that may not be advertised publicly.

4 Set Terms Clearly

Before accepting any contract work, clearly define the terms of your engagement. This includes the scope of work, duration of the project, compensation, and any other expectations. Draft a contract that outlines these terms to protect both parties and ensure there is a mutual understanding of the agreement. Negotiate terms that are fair and reflective of your expertise and the value you bring to the project.

5 Manage Finances

As a contractor, you're responsible for managing your finances, including taxes, insurance, and retirement savings. Understand the tax implications of contract work and set aside a portion of your income for taxes. Consider consulting a financial advisor or accountant who specializes in self-employment to help you navigate these aspects. Additionally, secure health insurance and plan for your retirement, as these are not typically provided by clients.

6 Cultivate Reputation

Building and maintaining a strong professional reputation is essential for securing ongoing contract work. Deliver high-quality results, meet deadlines, and communicate effectively with clients. Request testimonials from satisfied clients to bolster your credibility. Continuously improve your skills and stay updated on real estate trends to remain competitive in the market. Your reputation as a reliable and skilled real estate professional will be one of your greatest assets in attracting contract work.