What is the difference between “Gross Scheduled Income” and “Gross Operating Income ?
Gross Scheduled Income (GSI) is the income that a property could generate if ALL the units were rented for the entire year. This also includes any and all miscellaneous income from laundry facilities, rented garages or storage units. Thus, GSI would be the maximum income level that a property could produce. While Gross Operating Income (GOI) is the total income minus the vacancy of a property. Thus, the forumla would be: GSI – Vacancy= GOI. The vacancy figure can be either “actual” or “projected” vacancy rate of the property. Copyright 2008 smartduplex.
