What is cost of vacancies in SAP RE - Real Estate Management?

SAP Term: cost of vacancies

• Component: RE

• Component Name: Real Estate Management

• Description: The costs incurred during the period when a rental unit is vacant. These costs are borne by the landlord or the owner.

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• Key Concepts: 
  Cost of vacancies is a term used in SAP Real Estate Management (RE-FX) to refer to the costs associated with vacant properties. This includes costs such as maintenance, taxes, insurance, and utilities. It also includes the opportunity cost of not having a tenant in the property. 
  
  How to use it: 
  In SAP RE-FX, cost of vacancies can be tracked and monitored using the Vacancy Cost Analysis report. This report provides an overview of all vacant properties and their associated costs. It also allows users to compare the costs of different properties and identify areas where cost savings can be made. 
  
  Tips & Tricks: 
  When tracking cost of vacancies in SAP RE-FX, it is important to consider all associated costs. This includes not only direct costs such as maintenance and taxes, but also indirect costs such as opportunity cost and lost revenue from not having a tenant in the property. 
  
  Related Information: 
  For more information on cost of vacancies in SAP RE-FX, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/REAL_ESTATE_MANAGEMENT/100/en-US