Profit Power

4.8 (5)
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Back office software for real estate

About Profit Power

Profit Power is a back office solution for real estate professionals, which provides features such as bank reconciliations, listing management, data conversion, customizable reporting, closings, and billing management.

Using Profit Power’s data integration features, businesses can benefit from the ability to track listings, sales data, customer satisfaction, referrals, and lead data.


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Profit Power Software - Sales report
Profit Power Software - Associate report
Profit Power Software - Mobile interface
Profit Power Software - Office interface
Profit Power Software - Cash flow projection report
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Profit Power Software - Sales report
Profit Power Software - Associate report
Profit Power Software - Mobile interface
Profit Power Software - Office interface
Profit Power Software - Cash flow projection report

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Profit Power

4.8 (5)
VS.
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Starting Price

US$499.00
month
US$100.00
month

Pricing Options

Free version
Free trial
Free version
Free trial

Features

16
21

Integrations

4
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Ease of Use

4.4 (5)
4.1 (303)

Value for Money

4.8 (5)
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Customer Service

5.0 (5)
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Reviews

Overall rating

4.8 /5
(5)
Value for Money
4.8/5
Features
4.4/5
Ease of Use
4.4/5
Customer Support
5/5

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Showing 5 reviews of 5
Liz
Overall rating
  • Industry: Real Estate
  • Company size: 51–200 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Profit Power Conversion

Reviewed on 2020/08/06

Over the past 6+ years, our experience with Profit Power support and staff has been excellent. ...

Over the past 6+ years, our experience with Profit Power support and staff has been excellent. There is always someone available to assist with any need. Customer service is definitely a plus - it's obvious that Profit Power places their customers at the top of the list - no matter how large or small the company may be. I would recommend Profit Power to anyone who is looking for security built around efficiency to allow mass processing of payments to agents and brokers.

Pros

Our company has always been considered exceptional and "boutique". We have been set apart because of the value we view with our agents, staff, and customers. What appeared to be an impossible task in converting real estate software became possible with the time and effort Profit Power invested in us as a company to "understand" our business processes. We were able to work through many of our discomforts. The integration process with Profit Power was very smooth - mainly due to the fact that Profit Power was on sight walking us through each step in real time processing. When it was time to implement, detailed training was given to us collectively as well as individually. Profit Power made sure that each person who would be interacting with their software had a comfort level in "how" to achieve the end result and "why" the steps in processing were necessary.

Cons

The biggest challenge we had was understanding the concept of needing to record listing information for every pending contract even if it's not ours. Profit Power was very patient realizing that we had been using the same software for over twenty years and had just outgrown its capabilities. In addition, the same employees have had longevity and worked the same process for over 20 years. It's all about perspective. Profit Power had the patience to work through our concerns.

Response from LanTrax

Thank you for the review, Liz! It's been a pleasure working with Michael Saunders and Co. over the years, and we look forward to a continued successful relationship!

Meghan
Overall rating
  • Industry: Real Estate
  • Company size: 1,001–5,000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Look No Further

Reviewed on 2020/08/11

We are able to reduce costs, provide transparency and tools to our agents, and streamline processes...

We are able to reduce costs, provide transparency and tools to our agents, and streamline processes with Profit Power. This has had a positive effect on our budget and our ability to adapt to the ever-changing demands of our industry.

Pros

Ask any power user, and they will tell you that in the Real Estate industry, where creativity with commission payouts is the rule, not the exception, Profit Power inherently allows for unimaginable flexibility. The number of switches and options related to commissions processing is robust and incredibly flexible, as is it's ability it be adaptable to a wide variety of operational use models. Stored procedures, business rules, and inline rules round out the software's offerings and allow for customization and automation at a very high level.

Other features we love about this software are its easy integration with General Ledger accounting software and cloud-based dashboarding tools like DOMO.

The support team behind the software is also one of its most valuable assets. This U.S.-based team is the real deal, a triple-threat of IT systems knowledge, development experience, coupled with an integration team with real-life real estate industry experience.

Cons

In any industry, there will inevitably be some business models that evolve so quickly that the software simply can't keep up. The Profit Power team holds annual user meetings to address potential weaknesses and keep the user base informed of trends and upcoming releases.

Elila
Overall rating
  • Industry: Real Estate
  • Company size: 11–50 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Profit Power

Reviewed on 2020/06/23

Overall Profit Power is the best real estate application to handle your needs from the beginning...

Overall Profit Power is the best real estate application to handle your needs from the beginning transaction to the payout. I started using it in 2002 and have work with the Lantrax team to customize it to our needs and how we process. They have been great and are always on hand to help and assist with any new challenges that come out way! I would recommend

Pros

I like the ease of the software, I train new staff & hold training for our offices, and most walk away relieved saying the software is straight forward and easy to use. Managers like they are able to run reports for their offices, Agents have an at a glance view of all their records. It links to our other applications, Skyslope, Great Plains, Relo Spec, etc.
I have reviewed other commissions systems and Profit Power is versatile there is so many options that can handle all your commission needs.

Cons

Broker Tab- In California, we need the details of our Brokers and our Office can not see on the screen of the Sales menu the License number and expiration date. As well as we need to be able to search by Tax ID or DRE Lic. Number, this is not an option been asking for a while. Relocation Brokers at one time this allowed User to only see a broker that was not Relo Broker and same with Relo they would only see their brokers this has not been the case for a while. Also, we get garnishments for our Brokers we need the check hold to work. Relo Tab needs some work as well, search options need improvment.

Response from LanTrax

Hi Elila,
Thanks again for the review and your comments. We're glad that you would recommend Profit Power, and we appreciate your support and honest feedback over the many years we have worked together. We will take a look once again at the improvement suggestions you posted and let you know how we plan to proceed!

Susan
Overall rating
  • Industry: Real Estate
  • Company size: 11–50 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Improved Our Workflow

Reviewed on 2020/06/23

Power Profit eliminated work arounds and creating spreadsheets manually. It allows automation of...

Power Profit eliminated work arounds and creating spreadsheets manually. It allows automation of reporting which saves time and allows us to spend more time supporting our agents and managers. The support staff is always quick to address any issues or problems that may arise. Power Profit has a very knowledgeable and friendly staff that are always wonderful to work with.

Pros

Commission Plan options and set up, reporting features, support staff, automation of reporting and custom report creation

Cons

Have not had issues or run into any features that we desired that are not available.

Response from LanTrax

Hi Susan,
Thanks so much for the review! We appreciate the positive comments and look forward to helping CB Advantage to continue to grow!

Tom
Overall rating
  • Industry: Real Estate
  • Company size: 501–1,000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

11 years and going strong!

Reviewed on 2021/01/20

We've been using Profit Power for over 11 years and are extremely happy with both the software and...

We've been using Profit Power for over 11 years and are extremely happy with both the software and support that LanTrax provides. They are true professionals!

Pros

The ability to combine both a sales and an accounting system in one package. Besides the software, the support staff at LanTrax provide timely and excellent service.

Cons

Allowing the automation of data feeds into Profit Power can be challenging and limited at times.

Response from LanTrax

Hi Tom,
Thanks for the review! It's been an honor to have the chance to work with you and Baird & Warner for so many years!

Profit Power FAQs

Below are some frequently asked questions for Profit Power.

Profit Power offers the following pricing plans:

  • Starting from: US$499.00/month
  • Pricing model: Subscription
  • Free Trial: Not Available

Profit Power has the following typical customers:

11–50, 51–200, 201–500, 501–1,000, 1,001–5,000

Profit Power supports the following languages:

English

Profit Power supports the following devices:

Profit Power integrates with the following applications:

Docusign, SkySlope, appFiles, dotloop

We do not have any information about what support options Profit Power has

Related categories

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