The Real Estate Chart of Accounts

In this video, I'll share with you REAL P&L statements from some of the top producing real estate teams in the US (confidentially), and how you can learn from them to increase the profitability of your team. I sold real estate for 10 years in Rochester, MN, and built a team that consistently sold 250-300 homes a year without any of my own production. I know how to run a real estate team myself at a high level. I now run the bookkeeping for over 120 of the top-selling real estate agent teams in the US. I see deep insights into the margin compression facing us all - and the rising cost of USA labor, payroll taxes, etc. Here's what needs to be done... - We have to get your splits up; your agents can't take so much - We have to get your labor down; with a transition to VA support - We have to get your marketing better; no 40% referral fees - We have to negotiate better broker splits; the value isn't there - We have to work your database; that's where the profit is - We have to get listings; I can already see pressure on the buy side - We have to get vendor money; even title, mortgage, etc. I’ll pull up real financials—revenue, gross profit, labor, marketing, overhead, and profits—so you can see the numbers behind top decisions. I’ll show you what’s working for our most profitable, balanced, and sustainable clients. I’ve got the numbers to back it up. You'll learn how to make more certain and higher-quality financial decisions, and I'll walk you through it all since accounting isn't something that's taught by any real estate trainers out there. If you need your bookkeeping done, I'm here to help you understand it. In the meantime, join me for this webinar, and let's talk about what matters here—profits, not deals. #SimpleNumbersInc #FinancialManagement ------------------------- 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ Andy Mulholland Simple Numbers Inc. 9383 Cut Across Rd Houston, MN, 55943 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement #MinnesotaRealEstate

Are you tired of seeing flashy real estate numbers that don’t translate into real profit? Many agents focus on Gross Commission Income (GCI) or agent count, but these metrics can be misleading and leave you frustrated with low margins. Today, I’ll reveal why profitability is the only metric that truly matters and how understanding it can change your business. You’ll learn how to ask the right questions and identify the real signs of a healthy, thriving real estate team. Don’t just chase numbers—watch now and discover the key to real success! Learn more: https://blog.simple-numbers.com/the-real-reason-your-real-estate-team-isn-t-making-money.html Timestamps: 00:00 - Intro 00:17 - What I Hate About The RE Industry 00:49 - What Should You Focus On? 00:55 - Questions To Ask 01:39 - Visit Our Website #SimpleNumbersInc #FinancialManagement ------------------------- 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ Andy Mulholland Simple Numbers Inc. 9383 Cut Across Rd Houston, MN, 55943 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

Are you ready for next year, or is your budget still a guessing game? Too often, real estate teams miss profit goals because they don’t have a clear plan in place. Today, you will discover a free, 5-minute budgeting tool that simplifies your financial planning, helping you set specific goals for deals, profits, and monthly expenses. This tool has already helped top real estate teams avoid the frustration of vague budgets and instead see real, measurable results. Click below to watch and learn how you can track your budget and numbers accurately. Learn more: https://blog.simple-numbers.com/the-5-minute-budget-hack-every-realtor-needs.html #SimpleNumbersInc #FinancialManagement #BudgetTool ------------------------- 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ Andy Mulholland Simple Numbers Inc. 9383 Cut Across Rd Houston, MN, 55943 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement

Have you ever wondered if your real estate sales business is running a healthy profit? Today, Andy Mulholland of Simple-Numbers Real Estate Bookkeeping and Profitability Experts explains a simple formula on how to determine what a healthy profit margin is for your real estate sales business. #SimpleNumbersInc #FinancialManagement ------------------------- 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ Andy Mulholland Simple Numbers Inc. 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #RealEstate

Are you confusing your real estate business finances by mixing personal and business expenses? Many real estate leaders unknowingly cloud their true profits by doing this. Today, I will show you a simple QuickBooks trick that separates your costs, making financial decisions easier and more accurate. Imagine clear insights into your cash flow, smarter decisions, and confident growth. If you want to get clarity on your profits, watch the video now. Learn more: https://blog.simple-numbers.com/the-real-reason-your-business-finances-are-confusing.html #SimpleNumbersInc #RealEstate #financialmanagement Timestamp: 00:00 - Intro 00:14 - Why Reducing Tax Liabilities Is Not Good 00:58 - What Can You Do About It? 01:35 - Reach Out ------------------------- 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ Andy Mulholland Simple Numbers Inc. https://www.simple-numbers.com 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #RealEstate