Why Brokerages Need Lone Wolf Technologies, easy answer. Lone Wolf Technologies have an AMAZING system!
Who has time to think about all the rules and regulations that apply to Real Estate from A to Z in their systems? Well, Lone Wolf Technologies does! This is why Brokerages need Lone Wolf Technologies!
Lone Wolf Technologies make sure that you are compliant with the real estate and governmental entities touching all areas of your real estate business including the following components: HST, Corporate Tax, Source Deductions for employees, HST and Federal Tax for Salespeople and Brokers, FinTrac compliance, T4s, T4As and so many more things.
It also allows you to treat each of your Salespeople as their own entity in taking care of commissions, remittances to CRA, billings and awesome reports for them.
Make Your Brokerage Book Keeping Simple!
Using LoneWolf Technologies as I have for the “back end” of Real Estate made my life easier than some of the systems I have used in the past.
What is “back-end”? Joe mentions this term a lot in his content. “Back-end” includes the financial aspect of the company and the processing of all sales for clients.
Financials is the bookkeeping of the company’s everyday accounting of its activity. From receiving Trust money from our clients to paying out the sales transactions once properties have exchanged hands. It also includes paying the everyday bills to run the company including and not limited to all office costs such as equipment, furniture, rents/mortgages, office supplies, advertising, property taxes, HST, corporate tax, payroll and the list goes on. It also keeps your budgets if you use them, give you your Financial Statements and reports to see where you stand business wise. Unlimited reports!
Why Brokerages Need Lone Wolf Technologies Start to Finish Coverage!
Processing of all sales for clients allows your administrators to take care of the entire Real Estate cycle from listing information to marry to the sales and then to closing or paying out a transaction. The system amasses all information regarding location, price, conditions, FinTrac information, deposits, file requirements, multi-level commission if it applies, commission plans, reports, letters to Lawyers, to other Brokers and I’m not even touching on everything.
The Training is awesome!
You don’t hear, can’t happen, you hear, let’s see how to meet your needs. Your system gets upgraded all the time if you are hosted. It’s worry free because they take care of all those big issues for you which allows you to take care of business. All you need is a good driver and you are off to the races…
It’s a one stop shop…you can do it all with the LoneWolf Technologies. They also have other “front-end” systems to offer than what I have touched on. If you have any doubts, take a look for yourself on their website!
Planning on Making it as a Realtor? Your financials are important to success! Read my article on that subject, click here!