Property Management
The 'effective gross income' (EGI) for a NC rental property is calculated as:
APotential Gross Income + Vacancy Loss
BPotential Gross Income minus Vacancy Loss and Collection Loss, plus Miscellaneous Income✓ Correct
CNet Operating Income + Operating Expenses
DAnnual rent x 12
Explanation
EGI = Potential Gross Income (if fully occupied) minus Vacancy and Collection Losses, plus any other income (parking, laundry, etc.).
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