---
title: 8 Value Based Questions for Real Estate Management Software Solutions [ebook]
description: Learn the value proposition questions answered by SAP REFX Land Use Management (LUM) Real Estate Management Software for Property Managers and CFO's
---

[SAP BW|BOBJ|Project Management Blog ](https://www.sapbwconsulting.com/blog)

# [8 Value Based Questions for Real Estate Management Software Solutions [ebook]](https://www.sapbwconsulting.com/blog/8-value-based-questions-for-real-estate-management-software-solutions)

 Written by [Lonnie D. Ayers, PMP](https://www.sapbwconsulting.com/blog/author/lonnie-d-ayers-pmp) | Thu, May, 09, 2013 @ 11:34 PM

## Real Estate Management in SAP

 

Whether you’re a [CFO](https://www.sapbwconsulting.com/consulting-rate-calculator-whats-your-rate) or an engineer working on [innovative](https://www.sapbwconsulting.com/blog/inbound-marketing/4-ways-to-bring-digital-innovation-to-your-company) ‘Green Building’ [certification](https://www.sapbwconsulting.com/blog/inbound-marketing/12-sap-crm-content-management-system-requirements), such as Leeds, you most likely are exploring Real Estate Management [Software solutions](https://www.sapbwconsulting.com/blog/inbound-marketing/how-to-nail-sap-partnership-management). 

 

## Building Your Business Case

 

Learn the [value](https://www.sapbwconsulting.com/blog/inbound-marketing/can-you-compute-the-value-of-a-lead-calculator) proposition [questions](https://www.sapbwconsulting.com/blog/inbound-marketing/learn-7-key-approaches-to-developing-buyer-personas) answered by SAP REFX Land Use Management (LUM) Real Estate Management Software for Property Managers and CFO's.

 

In our experience, we find the following scoping and [value](https://www.sapbwconsulting.com/blog/understanding-the-difference-between-value-model-and-value-case) related questions keep popping up on SAP REFX projects, especially with regards to land management:

 

** Typical Land Use Management Dimensions**

 

## Common Land Use Management Questions

 

1. Do I have a complete and **accurate electronic [database](https://www.sapbwconsulting.com/blog/inbound-marketing/how-to-use-google-keyword-planner-to-find-keywords-for-google-ads)** of all my properties;
   
   Properties including all Land and Buildings.
   
   All SAP RE-FX projects have a significant [data migration](https://www.sapbwconsulting.com/blog/10-sap-data-migration-mistakes-to-avoid) component.  You will make the data migration process go significantly faster, with fewer errors, if you have have an accurate, digital database of your properties.
2. Do I have complete and accurate information on **all encumbrances** on these properties?
   
   Encumbrances such as:  
     Easements  
     Right of Ways  
     Government Permits  
     Site Protection(Wet Land)  
     Development Planning  
     Site Contamination & Remedial.
3. Do I have a complete and accurate **inventory** of what I **own** or what I **operate**?
4. Do I have a complete and accurate view of the financial responsibilities I have related to the encumbrances on my land or buildings? 
   
   These could be either **payables** or **receivables**.
5. Do I collect on time or do I pay on time my land/buildings related **obligations**?
6. Do I know **which mortgage** I have on which property and with which bank or banks?
7. Do I have complete and accurate **Property Tax** information?
8. Do I have complete and accurate information on my **Joint venture** based on each property?

 

## Financial Impact Of Getting The Answers To These Question Wrong

 

You might notice that most of these types of issues ultimately lead to some sort of **[financial impact](https://www.sapbwconsulting.com/net-present-value-npv-template)**. 

 

Many people believe that such information is already well known and documented.

As it happens, I have an aunt who only recently discovered that her property line was not where she thought it was and in fact, she owned more land than she knew, but in a different place than she thought. 

 

## Some of that land had somebody else’s house on it!

 

Tracing back through the manual records, the error was ultimately traced to a survey mistake made almost a century ago.

## Mistakes In Real Estate Records Happen Everywhere

Such mistakes exist across the country and indeed, around the world.  Now, she had no need of electronic Real Estate Management Software, such as SAP ERP real estate [management software](https://www.sapbwconsulting.com/blog/5-things-to-know-about-your-sap-project-manager), however, the county where that land was located needed it, as they depend on accurate records for tax collection, zoning, and other uses.  

 

If you expand this problem out to major property owners, such as REITs, or Real Estate Investment Trusts, who may own hundreds or thousands of properties, which they constantly buy, [sell](https://www.sapbwconsulting.com/knowing-what-you-sell-the-key-to-dominating-your-market) and renovate, accurate, digital **Land Use Management** software functionality becomes a business critical item.

 

> An entity such as a REIT has a [requirement](https://www.sapbwconsulting.com/blog/sap-bw-tutorial-best-practice-on-requirements-gathering) to pay out, accurately, a very large proportion of it’s income every year (90%+_) in the US and getting that number wrong can result in some very severe financial penalties. 
> 
> Wall Street Blueprint

 

## Maximizing Net Operating Income (NOI)

 

In order to get the number right, while maximizing the **Net Operating Income (NOI)** on their property portfolio, they need accurate information available to them on a moments notice. 

## Real Estate Software Consultants

This is where the [integration of GIS](https://www.sapbwconsulting.com/hubspot-integrations-sales-sap-chat) systems, [Business Intelligence Systems](https://www.sapbwconsulting.com/blog/learn-more-about-our-sap-business-intelligence-consulting-services), and [SAP REFX](https://www.sapbwconsulting.com/blog/how-do-you-manage-massive-commercial-real-estate-holdings-rfp-guide) (SAP Flexible Real Estate), can be used by real estate software consultants to deliver [maximum value](https://www.sapbwconsulting.com/blog/how-to-build-a-sap-sem-bps-retail-industry-value-case) to all stakeholders.  SAP ERP for real estate developers provides real estate cost planning software solutions and other real estate ERP modules that support the full real estate lifecycle. 

 

## SAP Disclosure Management

 

If you really needed to, you could use SAP Disclosure Management to ensure your REIT filings were on time with the government. 

 

> By the way, did you know **846 late-filing notices** had been filed in just one month (Nov 3-Dec 1 ’09) according to a recent SAP scn blog article.

 

## Compare Real Estate Holdings in Different Areas Using Software

 

One of the key functionalities required by major property owners is to be able to compare holdings in one area with holdings in another area. 

These comparisons can include:

- Property [Tax Rates](https://www.sapbwconsulting.com/blog/5-kpi-design-best-practice-guidelines) (millage rates)
- Location Attractiveness (can be done with user defined parameters, such as employment rates, walkability, crime rates, climate)
- Past [Project Performance](https://www.sapbwconsulting.com/blog/12-warning-signs-your-epm-system-is-in-trouble)
- NOI and [Cap Rates](https://www.sapbwconsulting.com/business-ratio-kpi-formulas-financial-formulas).

## Real Estate Software Consulting

 

To learn more about the [value proposition](https://www.sapbwconsulting.com/enterprise-services/sap-industry-solutions/value-engineering) of the **Land Use Management (LUM) module** of the **SAP REFX** solution, just press the button our [SAP Real Estate Software Consultants](https://www.sapbwconsulting.com/charge-out-rate-calculator) have prepared on the subject.

 

 

 

 

If you like what you read here, please share this with your network.  We really appreciate it.

 

**People who read this also read these:**

- [How to set the scope of your SAP REFX Project](https://www.sapbwconsulting.com/blog/how-to-set-the-scope-of-your-sap-refx-project)
- [How to Take Charge of Your Real Estate with SAP REFX](https://www.sapbwconsulting.com/blog/how-to-take-charge-of-your-real-estate-with-sap-refx)
- How To Use [Google Keyword](https://www.sapbwconsulting.com/blog/inbound-marketing/how-to-use-google-keyword-planner-tool-tutorial) Planner Tool Tutorial
- Learn What is [Catch Weight Management](https://www.sapbwconsulting.com/blog/learn-what-is-catch-weight-management)
- 5 Surprising [Reasons Enterprises](https://www.sapbwconsulting.com/blog/5-surprising-reasons-enterprises-dont-use-an-erp) Don’t Use An ERP
- 3 Ways to [Design KPIs](https://www.sapbwconsulting.com/blog/3-ways-to-design-kpis-using-sap-solution-map-composer) Using SAP Solution Map Composer
- Top 10 Benefits for Financial Analysis in the [Latest SAP EP4](https://www.sapbwconsulting.com/blog/top-10-benefits-for-financial-analysis-in-the-latest-sap-ep4)
- 8 Secrets to SAP Enabled [Spend Performance](https://www.sapbwconsulting.com/blog/8-secrets-to-sap-enabled-spend-performance-management) Management
- Leverage SAP BW to Increase [Supply Chain Inventory](https://www.sapbwconsulting.com/blog/leverage-sap-bw-to-increase-supply-chain-inventory-accuracy) Accuracy

 

Thanks

[View full post](https://www.sapbwconsulting.com/blog/8-value-based-questions-for-real-estate-management-software-solutions)

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