gross scheduled income

Definition

The total potential rental income a property could generate if every unit were rented at market rates with zero vacancy, representing an optimistic fantasy land rarely visited in reality. It's the before-life-happens number that makes proformas look amazing.

Example Usage

The property's gross scheduled income was $180,000 annually, though actual collections came in around $145,000.

Origin

Property management accounting terminology separating potential from actual income

Fun Fact

Savvy investors care far more about 'effective gross income' (what actually gets collected) than scheduled income, since potential doesn't pay mortgages.

Source: Real estate accounting and investment terminology

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