Realtyzam Review: Features, Pricing & Alternatives in 2023
This article is part of a larger series on Accounting Software.
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
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 $3,000 of income and expenses |
Standout Features |
|
Customer Support | Online support ticket |
Realtyzam Alternatives
Realtyzam Alternatives | Pricing ($/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 |
|---|---|---|---|---|---|---|
| $12 | 1 | ✕ | ✓ | ✓ | ✕ |
 | $30 to $200 | 1 to 25 | Unlimited | ✓ | ✕ | ✓ |
 | From $52 | Unlimited | Up to 5,000 (custom pricing for over 5,000 units) | ✓ | ✓ | ✓ |
 | From $3.99 | 1 | Unlimited | ✓ | ✓ | |
 | $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
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
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.
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.
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.
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
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
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.
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.
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.
