Gross Rental Income

Gross Rental Income is the total amount of money a property owner earns from renting out their property before deducting any expenses or costs. It includes all rental payments received from tenants over a specific period. For example, if you lease out an apartment to multiple tenants, the combined rent collected across these tenants constitutes the gross rental income. This figure provides a basic measure of income generated from property leasing activities and is used as a starting point for calculating profitability, net income, and taxes related to rental property.