Automatic Estimate of Depreciated Reproduction Cost for Optimizing the Real Estate Management Through BIM

2019 ◽  
pp. 123-131 ◽  
Author(s):  
Benedetto Manganelli ◽  
Mauro De Luca Picione ◽  
Sabina Tataranna
Keyword(s):  
Real Estate ◽  
The Real ◽  
The Real Estate ◽  
Reproduction Cost ◽  
Estate Management ◽  
Real Estate Management

The Concept of Land Real Estate in the Act on Real Estate Management

2020 ◽  
Vol 2(22) ◽  
pp. 37-46
Author(s):  
Michał Kiedrzynek
Keyword(s):  
Real Estate ◽  
Civil Law ◽  
The Real ◽  
The Real Estate ◽  
The Subject ◽  
Estate Management ◽  
Definition Of ◽  
Real Estate Management

The management of public real estate has been regulated in many legal acts, among which the Act of August 21, 1997 on real estate management plays the greatest role. The definitions contained in it are intended to explain the most important concepts related to the subject of this act. However, with regard to the definition of land real estate, we are dealing with a repetition of what was defined by the provisions of civil law. Such a situation raises justified interpretation doubts, which may have significant consequences in the application of this act. The existence of two definitions for the same object is undesirable and the Real Estate Management Act should be amended in this respect by including an appropriate reference to the provisions of civil law.

scholarly journals Information for decision-making in in-house and outsourced real estate management organisations

Facilities ◽  
2016 ◽  
Vol 34 (13/14) ◽  
pp. 891-905 ◽  
Author(s):  
Peter Palm
Keyword(s):  
Real Estate ◽  
Decision Maker ◽  
Commercial Real Estate ◽  
Decision Makers ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Sector ◽  
Estate Management ◽  
Real Estate Management

Purpose The purpose of this paper is to examine how the real estate owner (decision maker) insures being able to make informed decisions and how they differ according to organisational form. Design/methodology/approach This research is based on an interview study of nineteen firm representatives, six decision makers and thirteen management representatives, all from Swedish commercial real estate sector. Findings The study concludes that, regardless of organisational setting, the industry has a plan regarding handling information. The decision makers have all secured themselves access to the required/desired information. How this is done and what kind of information it is however differ, if the real estate management is in-house or outsourced. Furthermore, a clear focus on financial and contractual information is evident in both organisational settings. Research limitations/implications The research in this paper is limited to Swedish commercial real estate sector. Practical implications The insight the paper provides regarding required information can shed light on how information systems are built and how to improve your information sharing. Originality/value It provides an insight regarding how the industry, depending on organisation setting, prioritises different information and how the decision maker secures access to it.

scholarly journals Structure of a decision support subsystem in real estate management

2013 ◽  
Vol 13 (1) ◽  
pp. 56-75 ◽  
Author(s):  
Małgorzata Renigier-Biłozor
Keyword(s):  
Decision Making ◽  
Decision Support ◽  
Real Estate ◽  
Set Theory ◽  
Rough Set ◽  
Rough Set Theory ◽  
The Real ◽  
The Real Estate ◽  
Estate Management ◽  
Real Estate Management

Abstract This study proposes a decision support subsystem in real estate management. Owing to the complex and multi-layered character of the discussed problem, only selected aspects of real estate management are discussed in this paper. The described system will play the role of a relatively simple and effective “assistant” which is expected to maximize the effectiveness of a decision and shorten decision-making time. The author has made an attempt to develop a subsystem as an adviser to subjects operating in the real estate management. This system was developed accounting for and combining the classical economic and real estate market theories with the implementation of non-classical methods in the data mining category in an effort to increase its effectiveness. The rough set theory has been proposed as a tool that supports analytical processes. Fuzzy logic best reproduces expert knowledge, and it is one of the most effective tools for solving “vaguely defined” problems. The given work is an attempt to prove the hypothesis that: the reduction of uncertainty in the real estate management decision-making process is possible by the development of the advisory system based on the rough set theory. The main aim of this work is to increase the efficiency and efficacy of entities operating in the real estate management, thus influencing the effectivness of the entity and management.

Towards a more professionalised municipal real estate management

2016 ◽  
Vol 18 (2) ◽  
pp. 132-144 ◽  
Author(s):  
Annette van den Beemt-Tjeerdsma ◽  
Jan Veuger
Keyword(s):  
Real Estate ◽  
Quantitative Research ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
Design Collaboration ◽  
Estate Management ◽  
Definition Of ◽  
Real Estate Management ◽  
Corporate Real Estate Management

Purpose The purpose of this study is to see how a more developed discipline – corporate real estate management (CREM) – can add value to a less developed discipline – municipal real estate management (MREM) – to contribute to their professionalisation. Design/methodology/approach Every year since 2008 (except for 2013), municipalities have been asked to complete a questionnaire on how they manage their real estate. With these results, it is possible to perform quantitative analyses on both trends and the current situation. In addition, municipalities’ descriptions of their real estate management have been analysed in a qualitative way. Findings Municipalities are concentrating their real estate tasks in the municipal organisation to link their real estate, their policies and the citizens/tenants. Remarkable is the diversity of the functions and the broad definition of “the real estate employee” (organisational structure). Municipalities make strategic and organisational changes that aim to improve both the real estate portfolio and the municipal organisation (operations). The next years, municipalities will focus in particular on vacancy rates, organisation design, collaboration, ownership and the sustainability of the portfolio (direction). Originality/value Qualitative and quantitative research are combined to compare theory with practice on CREM and MREM. The results contribute to the professionalisation of Dutch municipalities.

scholarly journals Compensation for Real Properties Acquired for Roads in Different Procedures - Comparative Analysis

2017 ◽  
Vol 25 (4) ◽  
pp. 40-49
Author(s):  
Anna Barańska
Keyword(s):  
Comparative Analysis ◽  
Real Estate ◽  
The Real ◽  
The Real Estate ◽  
Public Purpose ◽  
Estate Management ◽  
Real Estate Management

Abstract Real properties acquired for the so-called public purpose, such as road investments, generate a one-off financial indemnity in the form of compensation paid to the expropriated owner. Due to the different possible modes of expropriation (pursuant to the Real Estate Management Act or the Special Road Act), the amount of the compensation due may be determined in different ways, which entails a variety of results. The article compares the compensation levels determined in two possible procedures: basing on the predominant use of the adjacent areas or on data from the transactions of real properties intended for public roads. The conducted analyses demonstrated that the differences between these two types of compensation for land intended for development, established under two different expropriation procedures, are insignificant.

scholarly journals Proposals for Changes in Surveying-Legal Procedures for the Needs of Cadastre in Poland

2016 ◽  
Vol 102 (1) ◽  
pp. 67-77 ◽  
Author(s):  
Monika Mika
Keyword(s):  
Real Estate ◽  
Point Of View ◽  
Reference Systems ◽  
The Real ◽  
The Real Estate ◽  
Estate Management ◽  
Real Estate Management ◽  
Legal Procedures

Abstract The aim of this paper is to present the need for changes of geodetic-legal procedures for the cadastre and real estate management. This problem was analyzed both in theoretical and practical terms. In order to better present the analyzed technical and legal procedures, a study of several cases of surveying documentation was made. On their example the problems associated with the surveying services were shows and the formal and legal procedures, on the basis of which described surveying works were done were verified. The problem presented is current and valid not only for the comfort of the surveyor's work, but also from the point of view of the structure and modernization of the real estate cadastre, constituting the backbone of the real estate management. The article emphasized the need to unify the databases of state registers and the digitization of the National Geodetic and Cartographic Resources (PZDGiK). Research has shown that despite the continuous changes of legislation, there are still many shortcomings and gaps, which often complicate the surveying works. The surveyor must analyze and verify all materials he uses, including those obtained from the Centre of Geodetic and Cartographic Documentation (ODGiK). The quality of the geodetic and cartographic elaboration depends largely on the work of the Centre of Geodetic and Cartographic Documentation. The need of modernization of the Land and Buildings Registry, which acts as a cadastre in Poland, has been demonstrated. Furthermore, the unification of data used as reference systems both for plane coordinates and elevation has been proposed.

scholarly journals Real estate management: incentives for effort

Facilities ◽  
2017 ◽  
Vol 35 (9/10) ◽  
pp. 573-587
Author(s):  
Peter Palm
Keyword(s):  
Real Estate ◽  
Commercial Real Estate ◽  
Decision Makers ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Sector ◽  
Work Tasks ◽  
Estate Management ◽  
Real Estate Management

Purpose The aim of this paper is to examine how the real estate owner (decision maker) can ensure that the preferred tasks are prioritised. In particular, the incentives to ensure motivation to perform to accomplish the strategic goals of the decision maker are investigated. Design/methodology/approach This research is based on an interview study of 19 firm representatives, 6 decision makers and 13 management representatives, all from the Swedish commercial real estate sector. Findings The study concludes that the real estate management organisation in the outsourced management setting is governed by the contract, in detail constituting work tasks, and in the in-house management setting, there is freedom with responsibilities instead of regulations. Research limitations/implications The research in this paper is limited to Swedish commercial real estate sector. Practical implications The insight in the paper regarding how decision makers create incentives for the real estate management organisation in the different organisational settings can provide inspiration to design incentives for effort. Originality/value It provides an insight regarding how the industry, depending on organisation setting, prioritise different work tasks and how incentives are created to enable effort.

scholarly journals Facility Management as a Concept to Support Real Estate Management

2015 ◽  
Vol 16 (1) ◽  
pp. 141-160
Author(s):  
Marcin Sitek
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Facility Management ◽  
Local Market ◽  
The Real ◽  
The Real Estate ◽  
Investment Projects ◽  
The Real Estate Market ◽  
Estate Management ◽  
Real Estate Management

AbstractThe focus of the study is on contemporary concept of Facility Management (FM) that supports processes of management, especially real estate management. The study attempted to analyse the assumptions of standardization of real estate management within the FM concept. Analysis of the situation in the real estate market in Poland in 2013 showed the necessity of implementation of effective management, which concerns not only investment projects, but, particularly, the area of management of facilities and innovations, and taking measures aimed at increasing the value of real estate. The role and opportunities offered by certain contemporary methods of real estate management (benchmarking and outsourcing) have been discussed, particularly in terms of management of auxiliary processes. The study presented situation in the local construction sector and developer enterprises in Poland, particularly in terms of taking measures concerning formation of demand and customer preferences in the real estate market. The results obtained in the study were used to analyse situation in the market of real estate in Częstochowa, Poland, stimulated directly by tendencies observed in this local market and suggest the necessity of proper management of auxiliary processes, which will substantially contribute to improvement of enterprises’ operation.

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