Net (Operating) Income

Revenue less expenses, including taxes.
The expenses incurred in generating income. In real estate, these expenses include but are not necessarily limited to property tax, insurance, repairs and maintenance, and management fees. Operating expenses when subtracted from gross income equal net operating income. The term, operating expenses, is North American usage; outgoings is Commonwealth usage.

septima | May 9, 2022, 1:03 p.m.