What is phase in SAP RE-RER - Real Estate Residential Solution?

SAP Term: phase

• Component: RE-RER

• Component Name: Real Estate Residential Solution

• Description: A division of a project. Phases are required when a project is too large to complete as one project.

Smart SAP Assistant

• Key Concepts: 
  A phase in the RE-RER Real Estate Residential Solution is a stage in the lifecycle of a residential property. It is used to track the progress of a property from acquisition to sale. It includes activities such as marketing, leasing, and maintenance. 
  
  How to use it: 
  The phase of a property can be tracked in the RE-RER Real Estate Residential Solution by entering the relevant information into the system. This includes details such as the current status of the property, its location, and any associated costs. The system will then generate reports that provide an overview of the progress of the property. 
  
  Tips & Tricks: 
  It is important to keep track of all phases of a property in order to ensure that it is being managed efficiently and effectively. Regularly updating the system with new information will help to ensure that all phases are accurately tracked. 
  
  Related Information: 
  The RE-RER Real Estate Residential Solution also includes features such as tenant management, financial reporting, and analytics. These features can be used to gain further insights into the progress of a property and its associated activities.