Realtyzam | Reviews and Pricing | 2024
Realtyzam is a cloud-based accounting software designed specifically for real estate agents. It is lightweight and easy-to-use. It can link your bank account and credit cards to help automatically track and classify your income and expenses. It has simple reporting features allowing you to track your average commission, sale price, and more metrics.
Realtyzam is a tiny company located in Grand Blanc, MI and founded in 2014. They also have a similar product for landlords with similar features called RentalHero.
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Use Realtyzam if…
- You don’t have any other accounting solution and are tracking your income in Excel, or not at all
- You are an individual agent or small team
Skip Realtyzam if…
- You want a single solution that can do all your accounting needs including mileage tracking (consider QuickBooks)
View Other Real Estate Accounting Software
Best Features
Easy to Use
By far, Realtyzam’s standout feature is its simplicity and great user interface (UI). Adding and updating transactions is a cinch. Your current deals and stages are prominently displayed. Usability is the most important attribute in an office software, and Realtyzam has usability in spades.
Realtyzam also includes a free mobile app that is as easy to use as the software itself.
Bank Account Integration
Easily link up your bank account and credit card so that Realtyzam automatically pulls in your business expenses, creating a complete expense log. You can then automatically or manually classify your business expenses so that you have full visibility of where your money is going.
From this and your commission information, Realtyzam creates a profit and loss (P&L) statement for you with all your tax-deductible expenses. Just hand it off to your accountant when it’s tax time!
Designed for Real Estate
Unlike every other accounting software I am aware of outside of brokerage software, Realtyzam is specifically designed for agents. That means it doesn’t have extra frills like credit card processing that agents don’t need.
Instead, it is ready out-of-the-box for you to input transactions (listings or buyers), note commissions, set up your brokerage splits, track your average commission, and keep on top of your real estate business numbers.
Biggest Pitfalls
No Mileage Tracking
While it is able to pull from agents’ bank accounts and categorize and track their expenses, it does not have any mileage tracking features.
You’ll need to look elsewhere from someone like Hurdlr to get those features.
Not Designed for Teams and Brokers
Realtyzam is perfect for a single agent or a small team. But it is not designed for teams, team management, HR functions, payroll, or anything else that more advanced accounting tools will have.
Don’t even bother if you are a brokerage.
Realtyzam Pricing*
- $11.58/mo billed annually
- 30-day trial
Realtyzam is $9.95/mo billed annually, or $12/mo billed monthly.
They offer a free trial for 30 days.
*This is current to the best of my knowledge at the time of this writing. Contact the vendor directly to check current prices, discounts, and terms.
My Personal Recommendation
I love Realtyzam. I use it personally and have since 2016.
It is a fantastic product. I don’t know how it hasn’t blown up by now. They should be raking in the dough.
The UI is amazing. The best real estate product user interfaces I have encountered, in my opinion, is a toss-up between Realtyzam and the now-defunct Reesio, the transaction management software.
Too many agents don’t know how many transactions they’ve done year-to-date. Or their total gross commission YTD. Or net income. Or expenses. Are you profitable? How much?
Realtyzam will ensure you have the answer to those questions at all times. It is such an easy solution for the average agent to pick up and stay on top of those questions. Print an easy P&L for your tax man at the end of the year. Voila. Done.
Interestingly, I also use Quickbooks. Theoretically, I could use Quickbooks for all my accounting needs. But Realtyzam is so good that it is still my preferred platform to track my sales activity, closings, and commissions. Quickbooks serves as my platform where I can track my miles and do payroll.
I strongly recommend Realtyzam to every individual agent or small teams. It is cheap and super easy to get started. And there is a free trial, so there’s no reason not to take it for a spin. If you don’t have any other accounting tool at the moment, at least start with Realtyzam.
RealtyZam Videos
Pros
System is easy to use when it actually works.
Con
System worked for 3 days and then you could add expenses anymore. I spent almost 24 hours classifying transactions and manually adding expenses and the system simply stops working. Try to click on different pages, it just loads and times out. I’ve tried to access on three different devices, every browser known to man and still no fix. Customer service is completely absent, no phone numbers to call and you wait for a general email response in 24 hours, then they advise you to do the things I’ve already done. Don’t waste your time on this platform, it will do nothing but take your money and force you to lose almost a week’s worth of work. You will pay for a month and if you cancel the service, it stops immediately even though I had paid for another 27 days.