How To Calculate Net Income ( NI )?


How to Calculate Net Income ( NI )

Here is the formula 

market gross rental - out going = NI


what is outgoings**?( 20% on market rental )
  1. insurance ( Fire insurance / household insurance )
  2. repairs ( internal & external )
  3. property taxes ( quit rent, cukai pintu, premium )
  4. maintenance fee
  5. management fees - ( 10% on rental paid )
example : What is the net rental? If

 Rental : RM 1,000
Out going RM 1,000 x 20% = RM 200

  RM 1,000 - RM 200 = RM 800

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