Best Mileage App for Realtors
It is no secret that real estate agents drive more than the average professional. According to 2018 data provided by the US Department of Transportation the average annual miles per driver total 13,476. A 2011 survey from the National Association of Realtors reflected that its member agents alone drove a collective 3.6 billion miles.
Because real estate agents are independent contractors it is essential to have a tool that allows you to calculate the proper mileage. As with all their business expenses, mileage translates to an important tax deduction.
Beginning on Jan. 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) was set at:
- 54.5 cents for every mile of business travel driven, up 1 cent from the rate for 2017.
- 18 cents per mile driven for medical or moving purposes, up 1 cent from the rate for 2017.
- 14 cents per mile driven in service of charitable organizations.
The agents at Coldwell Banker D’Ann Harper, REALTORS® receive support from a team of marketing, technology, and public relations professionals. In their research they looked into what would be the best mileage app for REALTORS®. The results found that MileIQ provided the most robust platform.
The free version of MileIQ allows for 40 trips per month. The paid version offers unlimited trip and costs a meager $6 per month. It operates on both Android and iPhone systems and automatically tracks, logs and calculates the value of drives for taxes or reimbursements. Some of its other features include exporting mileage tracking data and GPS-powered Drive Detection technology captures every mile driven and logs them automatically in the background.
Download it on the Apple Store here:
Download it from Google Play store here: