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Save Money During The Market Shift


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Written by Breakthrough Broker President Eric Sachs

Most real estate markets in America are looking at about 30% less transactions this year compared to 2022. As most real estate agents look to bring home the same amount of money this year with less transactions to be had, we have to get creative.

Saving money while continuing to market ourselves is a difficult task. One way to save money is to make sure we are maximizing our tax deductions.

First and foremost, it’s important to understand what tax deductions are. Tax deductions are expenses you incur throughout the year that can be subtracted from your taxable income, which ultimately reduces your tax liability. Some common tax deductions include charitable contributions, mortgage interest, medical expenses, and for most real estate professionals a variety of business expenses. By maximizing your tax deductions, you can reduce your taxable income, which means you’ll pay less in taxes.

One of the biggest benefits of maximizing your tax deductions is that it can help you save money. For example, if you’re in the 25% tax bracket and you have $10,000 in deductions, you’ll save $2,500 on your taxes. That’s $2,500 that you get to keep in your pocket instead of giving it to the government.

So, how can you go about maximizing your tax deductions? The first step is to keep track of your expenses throughout the year. This can be done by saving receipts, logging expenses in a spreadsheet, or using a budgeting app.

As busy real estate agents, tracking our business expenses often means sifting through months of receipts. That is if we even remembered to keep them.


This is where Realtyzam comes in. Realtyzam is a real estate specific app, designed to help agents keep track of their business expenses in the easiest way possible. It will connect directly to your bank, create your P&L, and scan and store all of your receipts. With a few clicks, your accountant or tax preparer will have everything they need to maximize your tax deductions and help you save money.

We have been partnered with Realtyzam for three years and have had nothing but positive feedback.

Realtor Shelly “Just started using this product and it’s so freaking easy!!!” We have heard from other agents who said say they can’t live without their Realtyzam app.

Check out realtyzam.com and see if it could help make tax deductions part of your business plan.



About our President

Eric Sachs

After a successful career as a top-producing real estate agent and building a mid-sized real estate company in Colorado, broker and owner Eric Sachs and his business partner sold their company. Then, they followed their passion for helping those in the real estate industry by founding Breakthrough Broker. Eric is a recognized national speaker and is dedicated to helping real estate agents, title companies, and mortgage companies build successful businesses.

Connect with Eric on Breakthrough Broker!

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