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Gross Rental Income:
"Gross Rental Income" refers to the total amount of money earned by a property owner from renting out their property, before any expenses or deductions are taken out. This includes rent payments from tenants, as well as any other income related to the property, such as parking fees or laundry fees.
For example, if a landlord owns a four-unit apartment building, and each unit rents for $1,000 per month, the gross rental income for that property would be $4,000 per month, or $48,000 per year ($1,000 x 4 units x 12 months).
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
Oh, the Gross Rental Income is quite a sum!
It's what the landlord earns before any costs come.
Rent payments from tenants, plus more, it's true,
Like laundry fees and parking, too!
Let's say there's a building with four units inside,
Each renting for a thousand, the landlord's pride.
Then the Gross Rental Income would be, oh my,
Four grand per month, or forty-eight per year, oh my oh my!