Tax Season Hacks

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Written by Breakthrough Broker President Eric Sachs

Tracking Profit and Loss On Every Transaction

It’s tax season, and for many real estate professionals, it’s the most stressful time of the year. If you are anything like me, when I was a real estate agent, thinking of taxes was left off the to-do list until April. Then, it would come down to a few hurried, anxiety-ridden days of sifting through a whole year’s worth of business expenses to collect what my accountant needed. And each time, I knew I was likely missing dozens, maybe even hundreds, of potential write-offs. When it came to my taxes, I knew I was completely in the dark and really no help to my accountant.

At Breakthrough Broker, we are always on the lookout for products to help our users save time, save money, and sell more homes, but this one goes a step further than that. Realtyzam, our favorite tax software for real estate professionals, has a unique feature that could be a game changer for your business.

Realtyzam’s ‘Track Profits Per Sale’ feature is unbelievably easy to use and allows you to analyze each transaction, track profit and loss, and see where you are making the most money. Plus, maybe more importantly, you’ll be able to determine where you are losing money. Most real estate agents have never looked at their business in this way. A detailed profit and loss statement for a Realtor is rare, but a detailed breakdown of each transaction is even more uncommon.

Treating your business like a business is often the hard part for some in this profession. We may be amazing negotiators, have customer service platforms second to none, and maintain the patience of saints while showing dozens of homes to frustrated buyers in a low inventory market. However, ask us where we lost out on money last year and typically you’ll receive a blank stare. For many of us, the tipping point from an average real estate pro to a mega producer is analyzing these business details. Realtyzam has created this application to help you with your taxes, and we think it’s one of the best tools to help you grow your business. Check it out at Realtyzam.com and let us know what you think!

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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