Keeping Finances In Check: 30+ How-Tos From Veteran Real Estate Agents


There are so many financial aspects of the business on all sides of the transaction, and yet one thing we hear over and over again is that not enough is taught on the subject. So, here are some wise tips from collaborators to help guide you through areas that may be new, in the background, or long forgotten.

New agent advice

9 financial tips for new (and not so new) agents.

Here are some financial tips and techniques that can help you earn more, save more, and prepare for eventual retirement.

A New Real Estate Agent’s Guide to Financial Planning: Year 1

If you are a new agent, you need to be mindful of the end result while effectively promoting your business. Here are some tips from experts to keep your budget up and running.

PLAN: A 1-year marketing calendar for new agents

As a novice with little experience, developing a solid marketing plan may seem like an impossible task. Here’s a breakdown month by month for you to spend your first year in real estate.

5 smart financial moves and leader generators for new agents

Getting started in real estate business presents its own unique challenges. By taking the time to consider your finances and lead generation activities, you will be preparing for long-term success.

Doing bank

Everything to know about how agents make money in 2022

Sales commissions remain the norm in the real estate industry, but the industry is also in the midst of rapid evolution when it comes to paying agents.

Repeated customers on lockdown! As this agent achieves a customer repeat rate of 99.7%.

If you’re looking for steady growth in your business, make sure you dedicate time and effort to people who already know, like, and trust you, says Jimmy Burgess. These relationships are the seeds for future growth.

Your success depends on these 3 numbers: Do you know?

The numbers don’t lie. If you want to grow in real estate, you have to evaluate and focus on the right ones. Here are some questions you can ask yourself to understand where your business is coming from and how to drive it.

Get more ads: 7 steps to finding, analyzing, and mastering a real estate farm

Want more ads next year? In this guide to building a geographic real estate farm, Jimmy Burgess explains how to choose the right location, execute numbers, create a marketing budget, and plan to provide value to those prospects right from the start. Follow these basics and you will dominate your farm.

Video will dominate online search: how to beat Google

By 2022, 82 percent of online search is expected to be video. You know you should create more video content to reach those potential customers, but where do you start? Jimmy Burgess explains how to identify content that your prospects will love, create videos that will grab their attention, and publish them for maximum exposure.

Want to earn more commissions? How to increase the average selling price of housing

There are two ways to increase your income: sell more homes or increase your average sale price, says Jimmy Burgess. Here’s their strategic focus on increasing your stockings.

Budgeting

Don’t let inflation break your budget! Correct your spending now

Between inflation and fewer transactions expected this year, you may be worried about your finances. The good news is that when you start analyzing your spending, you’ll probably find that there are many places where you can reduce enough to offset some of the higher prices you’re seeing.

‘Million Dollar Listing LA’ stars 5 expenses to budget immediately

As independent contractors, real estate agents need to keep up to date with expenses. Here are some budget tips for novice “Million Dollar Listing LA” stars James Harris and David Parnes.

14 insightful tips for agents looking to save money on their business

From resisting shiny objects (so to speak) to taking advantage of local inmate pools, this is how industry experts say agents can save their pennies in a constantly changing marketplace.

In a penny: start your business with these 8 simple strategies

While sales aren’t expected to bottom out, it’s worth reconfiguring your budget to build a more robust nest egg that will help you navigate expertly on whatever the market has to offer. If you’re cutting out, you’re new, or need to accumulate some money, here’s how to make a (nice) open day, organize a customer appreciation event, organize that list, and more with a budget.

Financial health

5 Financial Podcasts You Can Miss

You may have heard Ramsey, Rich dade Suzie but if you need to take your financial education to the 2020s, here are five fresh, practical podcasts full of current economic advice and full of new perspectives that will open your mind and portfolio to new possibilities.

7 Steps to Your Company’s Recession Test

Whether you’re a sole agent or a broker owner, your response to the closure of COVID-19 right now will have ramifications for months and years. Here are seven things you can do right now to take care of your finances and prepare for what is to come.

4 Hidden Expenses You Should Review Today

As an agent, it’s important that you delve deeper into your finances and look at every little thing you’re spending money on. This includes its only major expense: the division of the corridor.

Dollars and Sense: 3 rules to keep your financial health under control

Welcome to our new recurring column on the whole financial issue for agents and brokers. In this inaugural column, Warburg Realty broker Bill Kowalczuk talks about preparing financially for a strong career.

10 apps to make keeping your finances under control a breeze

Mobile apps can change the game, making your business finances streamlined, organized, and even a little fun. List of millions of dollars LA stars James Harris and David Parnes share their favorite apps to manage your personal and business finances.

12 Steps to Prospering Through a Market Change

As the market changes, the question arises: what are you going to do to make sure your business continues to grow? Here, Jimmy Burgess will guide you through his 12-step plan to thrive through a market transition.

Financial planning

Is it a cancellation? See which of these 14 spending agents can deduct at the time of taxes

A quick reference guide to common expenses for real estate agents to help you determine whether or not they are tax deductible.

5 tax planning moves for real estate agents skilled in money

If you have had a successful year in your real estate business, you should make sure you have a financial plan in place. CFP Jordan Curnutt offers some key tax planning strategies to consider.

7 ways to thrive (not just survive) in a changing market

Whatever the market does, there are always agents who have growing business. Jimmy Burgess shares seven steps you can take in this changing marketplace to make sure you thrive.

Master your money: 6 steps to achieving longevity

Mastery of money is a set of skills that all business owners can and need to learn to achieve business success and long-term longevity. According to CEO Chris Pollinger, it is at the heart of creating a true legacy in real estate.

Is it a cancellation? 14 expense agents can (and cannot) deduct at the time of taxes

A quick reference guide to common expenses for real estate agents to help you determine whether or not they are tax deductible.

Invest

7 accounts with tax advantages that every real estate agent should consider

You have plenty of options to save for your future financial success. Certified financial planner Jordan Curnutt tells you how to maximize the potential of your investments.

Retirement plan agents ignore (and how runners can help)

Because of their excellent understanding and experience with market trends, real estate offers agents a retirement investment that allows them to benefit from their own experience, with minimal risk, says broker Anthony Askowitz.

How To Protect Your Investment Portfolio Recession With Rentals

Recessions can be nervous for real estate investors. But several factors make renting a smart investment in times of uncertainty.

How To Improve The Future Of Your Real Estate Business In 2022

The real estate market is changing all the time, and it needs to change with it. Michael Zaransky of MZ Capital Partners offers strategies for meeting tomorrow’s challenges.

5 key points for Inman Connect real estate investors

From the steps to success to how to deal with changes in the housing market, Inman Connect speakers shared their secrets.

You are an agent who wants to be an investor: 4 ways to get into the game

Some of the most successful agents practice what they preach by investing in real estate. Inman Connect Las Vegas speakers shared four key tips on how agents can get started.

Is this the only one? 4 Factors to Consider When Buying an Investment Property

No two investment properties are alike. The repair history, market conditions, and long-term growth potential of the area, as well as your own risk preferences, determine whether a property is right for your portfolio. Here’s what to look for.





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