Definition: The anticipated income stemming from the estimated potential gross income from a rental property, less deductions for vacancy and collection losses.
Pronunciation: \i-ˈfek-tiv, e-, ē-, ə-\
Used in a Sentence: After calculating the vacancies and collection losses, the annual effective gross income for the apartment building was $72,330.
5 Reasons Why a Real Estate Career in Florida Could Change Your Life Thinking about a career change? A real estate career in Florida might just be the opportunity you’ve...
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