If you are entrepreneurial by nature and looking for a great home business opportunity, you may want to consider Sales and Use taxes setting up a property tax consulting business.
Since this is a somewhat obscure area of consulting, even for many entrepreneurial types, you may be wondering why I would suggest it in the first place. In a word, the answer is “opportunity.” There has never been a better time to become a property tax consultant.
In fact operating your own home based consulting business offers so many attractive benefits that you probably haven’t thought about before that it would be silly for you not to at least check it out. This is especially so if you are already on the search for a great home business but haven’t yet found the perfect fit for you.
In this article I’d like to highlight five reasons to consider launching your own real estate tax consulting business.
1. You Are Paid Very Well for Specialized Knowledge
In his classic self-help book “Think and Grow Rich,” Napoleon Hill makes the point that the accumulation of wealth requires one to apply specialized knowledge to solving problems for others. As a property tax consultant that is exactly what you will be doing.
Because you are applying specialized knowledge (knowledge that others could easily learn for themselves but in fact few are willing to learn) you are rewarded handsomely for it.
How much can you expect to earn?
As a highly compensated independent consultant you can expect to earn a third or even half of the tax savings you accomplish on behalf of a client. And once you’ve learned the basics of how to do this for clients, you’ll understand that most cases will involve just a few hours of your time to complete.
Obviously no one (including myself) can predict what you will actually earn. This is your own business after all and your results will be largely based on your work ethic and overall effort. But it’s fair to say that your own real estate tax consulting business has true six figure potential if you are willing to operate it like a real business.
2. You Can Learn the Basics Quickly
Unlike becoming a licensed real estate broker for instance, there are generally few barriers to entry as a property tax consultant. Overall there are no licensing requirements to become a property tax consultant. Some locations may require that you have a simple business operating license for example. If you aren’t sure just check with your local town or city hall to find out what requirements exist.
Several good low-priced home study courses exist that will supply you with everything needed to get started, and it is totally possible for you to complete one of these courses within a few days.
3. Business is Strong and Getting Stronger
The meltdown in the real estate markets in recent times has created the “perfect storm” of opportunity for property tax consultants.
Property assessors are increasingly unable to keep up with changing real estate values, with the result that huge numbers are now incorrectly assessed for tax purposes. And the likelihood is that far more are over assessed than under assessed, meaning their owners are paying more in property taxes than they ought to be.
Plus your competition will be low or non-existent in many areas. All of which means unlimited opportunity for you once you set up your own property tax consulting business.
4. You Have Very Low Start Up Costs
You probably already possess all the tools you’ll need to get started, with the possible exception of a home study course in property tax consulting. All you really need are a computer, a cell phone, somewhere to set up a home office (even if that’s just the kitchen table to get started), and the dedication to operating your business seriously.
