Property Management
A Maine property manager collects rents of $15,000 and the owner's mortgage payment is $8,000. What is the owner's net cash flow for the month (assuming no other expenses)?
A$8,000
B$7,000✓ Correct
C$15,000
D$23,000
Explanation
Net cash flow = Gross rent − Expenses. $15,000 − $8,000 = $7,000.
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