Gross income
What is Gross income?
Total monthly or annual income before any taxes or expenses are deducted. In real estate, gross income often refers to the total income generated by a property before deducting operating expenses, such as maintenance, taxes, and insurance. For rental properties, this includes all rents collected and other sources of income like parking fees or laundry facilities. Gross income is a key figure used to assess a property’s financial performance and determine loan eligibility.
