It’s the New Year and a fresh start! But wait… there’s a whole year of accounting to deal with. While reflection is a great tool for learning and growth, cleaning up the mess from the previous year doesn’t contribute to new year goals. Real Estate accounting season kicks off in January with 1099 preparation, T4a preparation and Franchise reconciliations. There … Read More
7 Useful Apps for Real Estate Brokers
Technology is here to help make our lives easier by automating the repetitive, mundane tasks we do daily. The problem is, there are so many tools out there. How does a Brokerage know what to invest in? We polled some our Broker-friends to find out some of their can’t-live-without apps. What makes an App Useful? Firstly, being useful encompasses a lot of … Read More
A Peek into the Problems of Real Estate Accounting
Working at a Real Estate firm back in 2010, our back-office software was clunky and inefficient. Its reports were hard to understand and didn’t tell us what we needed to know. This problem, I learned, afflicts the whole industry. Trust accounting is complex, and any software for Real Estate has to work for escrow states and Canadian markets. Different Brokerages … Read More
The Real Return on Taking your Back Office Digital
If you’re a Brokerage still sitting on desktop software and paper-based workflows you’ve got to understand that while today it costs you time and money, it may just cost you your competitive advantage within a few short years. 2020 has had everyone reeling, a virus and a lockdown have not made it easy on Real Estate or the millions … Read More
Desktop software costs you more than you think
We recently read a review of back-office technology and noticed that most Brokerages in North America are still slaves to their offices because of their archaic desktop software. Given today’s technology, this is a shocking revelation! Real Estate is a mobile business and everyone is on the go all the time – at least they should be. Look, we all … Read More
How Loft47 Turned Real Estate Agent,Ted Schaar’s, Life Around Financially
How Loft47 turned my life around (financially…at least). I was one of those agents who just paid everything out of whatever credit card or checking account that had money available to use. I ran fast and didn’t have time for bookkeeping. Still don’t to this day! Low and behold, I was a financial mess. Not only did I hate paying … Read More
How to Choose the Right Integrations for your Real Estate Brokerage
When I entered the workforce, software was all about Enterprise Resource Planning (ERP) systems. These mammoth systems had it all — everything for everybody and every department yet no one could figure out how to use them. We ended up with a lot of garbage-data in and even more garbage-data out. Fast-forward to today, when being in the cloud and … Read More