What is assessment in SAP RE-FX - Flexible Real Estate Management?

SAP Term: assessment

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Condominium Owners' Association WEG Fees paid by condominium owners to the condominium owners' association to cover costs of commonly used property. These fees are normally for: Administrative costs Maintenance of common areas

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• Key Concepts: 
  Assessment is a feature of SAP RE-FX Flexible Real Estate Management that allows users to evaluate the performance of their real estate portfolio. It provides a comprehensive overview of the portfolio’s performance, including financial and operational metrics. It also allows users to compare their portfolio’s performance against industry benchmarks.
  
  How to use it: 
  To use the assessment feature, users must first select the portfolio they wish to evaluate. They can then select the metrics they wish to measure, such as occupancy rate, rental income, and operating expenses. Once the metrics have been selected, users can view a comprehensive overview of their portfolio’s performance.
  
  Tips & Tricks: 
  When using the assessment feature, it is important to remember that different metrics may be more relevant for different portfolios. For example, a portfolio with a high occupancy rate may not need to focus on rental income as much as one with a low occupancy rate. It is also important to remember that industry benchmarks may not always be applicable to a particular portfolio.
  
  Related Information: 
  For more information on SAP RE-FX Flexible Real Estate Management and its assessment feature, please visit the SAP website at https://www.sap.com/products/real-estate-management.html.