Managing Money in Real Estate

March 6, 2024

As a real estate agent for over 20 years, I've seen it all when it comes to people struggling with their finances. When I first got started, I made plenty of mistakes too - but over time I developed a simple yet effective system for organizing my money that has kept me stable through every market cycle. In this post, I'm sharing my 4 account strategy so you can get your finances on track for long-term success.

Setting Up the Right Accounts

The first step is opening 4 separate bank accounts - one each for your business, personal, tax, and charitable giving needs. Having these divisions in place forces you to be intentional with where every dollar goes.

Maximizing Commissions with a Smart Allocation Formula

I also share my formula for dividing up commission checks between the 4 accounts - with 40% going to business, 30% to personal, 20% to taxes, and 10% to giving. Sticking to this ensures you always have funds set aside.

Staying On Top of Taxes

As a 1099 agent, taxes can trip you up if you aren't careful. I explain why it's crucial to put money aside quarterly and consult professionals to set up your business properly.

Spending Within Your Means

Most importantly, I discuss how setting financial parameters with your bank accounts can prevent overspending, even during slow times. Having a plan is key to long-term survival in this business.

If you want to take your money management up a notch, check out my Mastering Real Estate online training program. Click here to get started. You'll learn advanced strategies to maximize your business and investments.



Leigh Brown Logo Just Say Hi

~ Leigh Brown, Broker/Owner, REALTOR®, Speaker, Coach


Real Estate Broker. Author. Coach. CSP® (Certified Speaking Professional™) Keynote speaker. Leigh Brown is laser-focused on inspiring people to be better, strive for more, and to take the reins and lead!

Learn more about me at






Got a burning question?

Comment below, and I'll answer it in next week's episode!  

Need more?

Enroll in my NEW digital course jam-packed with resources, scripts, and action items to help you get more listings, secure more buyers, and grow your business no matter what the market is doing while bringing a different level of REALTOR® professionalism.