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Jessica
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Joined: 08 Jun 2004
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Ethan
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Jessica
 Community Mentor

Joined: 08 Jun 2004
Posts: 808 Location: OHIO
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Posted: Thu Dec 01, 2005 8:55 pm Post subject: RE
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Hi,
Welcome to the Forums.
Net operating income is the equal to properties gross income annually minus operating expenses.
Gross Income includes both rental income and other income like parking fee, Laundry and vending receipt etc. (All the income associated with the property). And operating expenses incurred for the operation and maintenance of the property like repairs, taxes, utilities etc.
Amortization of loan points, principle and interest, income taxes, depreciation, capital expenditure are not included in operating expenses.
Thanks,
Jessica |
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Torey
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jameshogg

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