Realtyzam Review: Features, Pricing & Alternatives in 2023

Realtyzam is cloud-based accounting software designed for real estate agents. It helps you track commissions and expenses by generating a profit and loss (P&L) report for taxes and monitor sales activity so that you can see which aspect of your business is the most profitable.

It also lets you connect your bank and credit card accounts, upload and organize expense receipts, and run the reports you need for filing tax returns. The platform costs $12 per month when billed monthly and $9.95 per month when billed annually. You can use for free for 30 days with no credit card required.

What We Like

Is more affordable than most other real estate accounting programs; free until you close two deals or log $3,000 of income
Allows you to set up bank feeds for easy import of transactions
Lets you track key metrics (average commissions, prospecting, buyer and seller conversion rates, and sales prices)
Includes a handy mobile app for capturing expense receipts and tracking mileage

What's Missing

Doesn’t track assets and liabilities, so you can’t compile a balance sheet
Won’t let you reconcile your bank account
Lacks essential bookkeeping features, such as invoicing, payroll, and bill management
Won’t allow you to speak or chat with customer service

When To Use Realtyzam
When To Use an Alternative

Unincorporated real estate agents: We strongly recommend Realtyzam for real estate agents who are self-employed because it tracks costs separately for each property deal. You can use it to track your commissions and expenses without any traditional bookkeeping tasks.
Real estate agents with no accounting experience: Realtyzam has a very simple and streamlined dashboard with no crowded sidebar menu and drop-down lists, making it easy to navigate. On top of that, the ability to set up bank feeds eliminates the need for manual data entry. It’s our best real estate accounting software for real estate agents.
Sales and marketing teams: If you’re willing to pay the additional fee, then you can use Realtyzam’s customer relationship management (CRM) module to track every interaction with your leads and record any sales activities.
Agents that drive for business: The Realtyzam mobile app allows you to record your business trips for tax deduction purposes.

Limited liability companies (LLCs), partnerships, and corporations: Realtyzam isn’t a double-entry system, so there’s no balance sheet to monitor assets and liabilities. If you need a more robust accounting program, you should consider QuickBooks Online.
Property owners and managers: You can’t manage rental listings, tenant screenings, and online payments with Realtyzam. Consider [Buildium instead if you’re a property manager, as it allows you to screen tenants during the application process, create and manage listings, collect rent, and manage bills.
Real estate companies that need bookkeeping services: If you’re busy managing your real estate company and have no time to do your books, then you should consider signing up for Bench, a bookkeeping service for small businesses.
Real estate firms: Realtyzam has no payroll features required by firms with direct employees. We recommend QuickBooks Online for paying employees through QuickBooks Payroll.

Visit Realtyzam

Are you looking for something else? Check out our list of the best small business accounting software to see if a general-purpose bookkeeping solution is right for your real estate business.

Realtyzam Deciding Factors

Supported Business Types	Individual agents or small teams needing to track sales activity, closings, and commissions
Pricing	$12 per month when billed monthly or $9.95 when billed annually
Free Trial	30 days; still free after 30 days until you sell two properties or log $3,000 of income and expenses
Standout Features	Lets you track your real estate transactions, profit and loss, and commissions Allows you to connect your bank account so that you can easily import your transactions Enables you to capture and upload expense receipts from your mobile device Tracks business miles through the smartphone app
Customer Support	Online support ticket

Realtyzam Alternatives

Realtyzam Alternatives	Pricing ($/Month)	Number of Users Included	Number of Units or Locations	P&L Tracking by Class and Location	Real Estate- specific Management Features	Accept Payments Online
Visit Realtyzam	$12	1	✕	✓	✓	✕
Visit QuickBooks Online	$30 to $200	1 to 25	Unlimited	✓	✕	✓
Visit Buildium	From $52	Unlimited	Up to 5,000 (custom pricing for over 5,000 units)	✓	✓	✓
Visit Quicken	From $3.99	1	Unlimited	✓		✓
Visit Bench	$299 to $399	1	N/A	✕	✕	✕

Realtyzam Pricing

Realtyzam is available for $12 per month when billed monthly and $9.95 per month when billed annually, and it offers a free 30-day trial with no credit card required. Agents can continue to use it for free after 30 days until they sell two properties or log $3,000 in income and expenses.

Realtyzam Features

Dashboard

One thing we like about Realtyzam is its streamlined dashboard, which includes only the features you need to track your sales activity. The Realtyzam homepage contains five menus:

Dashboard: This serves as your landing page when you sign in. It shows an overview of your financials.
Sales activity: Go to this tab if you need to monitor your sales activities and commission payments. Other things you can track here include lead sources, discounts, broker fees, and income and expenses on each deal.
Expenses: This page is where you would record all your expenses. You can choose to connect your bank accounts, upload your files of transactions on Realtyzam or enter your expenses into the system manually.
Income: This tab displays a detailed breakdown of your income. You should also use this page for entering income, such as interest income and side business.
Reports: This is where you can generate P&L statements that you or your accountant may use to file tax returns.

Realtyzam’s dashboard

Bank Account & Credit Card Linking

Realtyzam lets you set up bank feeds from more than 15,000 financial institutions. Bank feeds help you import your transactions into the program easily without having to use the keyboard for manual data entry. When you link your bank accounts and credit cards to Realtyzam, it’ll transfer all transactions to your account automatically.

You can classify your expenses manually or automatically to keep track of your financial numbers. If you’re uncomfortable connecting your bank or credit card account, you can manually import your bank statements.

Expense Tracking

You can categorize your expenses by choosing from a list of default categories or adding new ones. Categorizing your expenses can be helpful for budgeting purposes and keeping your finances organized. When entering new expenses, Realtyzam lets you select from a list of preset categories, such as listing, capital equipment, licensing and filing fees, and miscellaneous. You can also add new categories on the fly, if needed.

Assigning a category to a new expense in Realtyzam

We like that the reports can be presented in different views, such as summary view, list view, monthly view, and vendor view, allowing you to understand your numbers better.

Income Tracking

You can track how much money you make on a client or deal. Realtyzam allows you to generate reports showing your commission, miscellaneous income, and referral income. You can even track income based on lead sources so that you’ll know which client or deal makes you the most money.

Listing

The Sales Activity page is where you record all the real estate transactions that you’re working on, whether they’re closed or not yet. You can record a new activity (for a buyer, seller, or referral), and you’ll have the option to set the status of the deal until it’s closed. For instance, you can enter a new buyer and set the status to Prospect or Active.

When the deal is closed, change the status to Sold, provide the transaction details, such as the closing sale, closing date, and commission, and Realtyzam will record the commission as an income.

Closed deal recorded in Realtyzam

Financial Reports

You can generate simple yet helpful reports to help you track key metrics, including average commissions, prospecting, buyer and seller conversion rates, and sales prices. Realtyzam also lets you monitor other items like listing and buyer expenses and new buyers and sellers.

You can sort the reports on an annual or monthly basis and even set the reports tab to show only the lead sources of your income. You can also print the stats reports so that you can share and discuss them with your agents or stakeholders during meetings.

Sales activity reports in Realtyzam

Receipt Uploads

Upload your expense receipt, and it’ll link it to an expense transaction automatically. This makes it easier to pull up a receipt whenever needed. You can upload receipts using your tablet, computer, or mobile device with the Realtyzam mobile app.

CRM Module

Realtyzam has a CRM module, which requires a separate subscription, and it helps you store and manage client information, record notes, save documents, and track sales activity. You can also create reports on prospecting rates, average commissions, and even lead sources. As with the accounting software, it’s free for the first 30 days.

Mobile App

4.9

On App Store

4.8

On Google Play

The Realtyzam mobile application lets you track your expenses, log your mileage, manage sales activity, and generate tax reports instantly. The app can be downloaded on Google Play and App Store.

Realtyzam’s mobile app (source: Realtyzam)

Realtyzam Customer Service & Ease of Use

Since Realtyzam has fewer features than most other accounting software, it’s extremely easy to use, even for beginners and nonaccountants. You’ll love how easy it is to create a buyer pipeline or listing on the Listings page. After a sale, you can set the status to sold, and Realtyzam will generate an income transaction automatically for you.

On the downside, Realtyzam lacks personalized customer support. If you have questions or concerns, you need to send your question via email and wait for a response. The provider says that questions sent during business hours are typically answered within two hours. If you want to get answers to simple questions, you may check out the Frequent Questions page on its website or browse through its real estate accounting blogs.

Realtyzam User Reviews

There are no Realtyzam reviews online except for those about the mobile app. As reflected in its positive reviews on Google Play and App Store, many users are delighted that the mobile app is easy to use and that it has an expense receipt capture tool.

Realtyzam Frequently Asked Questions (FAQs)

Can I use Realtyzam outside of the United States?

No, you can’t, as Realtyzam is currently available only in the US.

Does Realtyzam integrate with bookkeeping software like QuickBooks Online?

No, it doesn’t, but you can use it alongside a third-party accounting solution. For instance, you can use it to track your closings and commissions while using QuickBooks Online to track business mileage, monitor cash flow, and manage payroll.

Can I get my data after I stop using Realtyzam?

Yes, you can, and Realtyzam will email your data in an Excel format for free.

Bottom Line

If you need simple accounting software to track your income and expenses and generate the tax reports you need instantly, Realtyzam is worth considering. It may have some weak points, such as the inability to reconcile your bank account and the lack of advanced bookkeeping functions, but it’s an excellent solution for tracking expenses and commissions.