What's your weekly total combined gross rent ?

For all properties, resi/commercial, anything, assuming no vacancies.
Gross combined rental returns, no costs considered.

 

Currently $3761 pw

 

But just as important what's your outgoings including interest, land tax, non-recoverables?

 

Just out of curiosity, any reason why the poll is not for nett rent?

 

Old saying in business and I spose relevant to property: "turnover is vanity".........

 

Calling BS on that!

You would easily have double that!!!

 

The numbers are right not the order or magnitude.

 

No real reason, just because.

However, you know how some people are all talk, no action?
Or one of those people who's an expert at giving advice to others but never achieved anything themselves.

At least if your getting a very healthy gross income from stable properties, it shows you have set yourself up for the time being, (with exceptions like having all your properties in a place like Moranbah), or serviced apartments with absolutely huge management and strata fees.

As time goes on if you do nothing else different and history repeats, your nett rent will get closer and closer to gross rent as every day goes by. Any outstanding loans will be almost irrelevant in the very long term if you hold.

 

Im not as big as you

 

In many of the rentals i only know the net rental not the gross. As the tenant pays all the outgoings.

 

5 votes for $20k+/wk?!! Wonder if those are mainly commercial investors.

Would be interesting to see the differences between the gross and net and how much of that rental pie disappears along the way.

 

Or some property managers confused rent with revenue?

 

Oh, and voted in the 2k - 3k bracket

 

For my portfolio only 7% of my $60k pw net rental is residential the rest is commercial
Not done the numbers but gross would likely to be another $10k pw
I would find it hard to manage $60k to $70k per week part time if they were all residential (i would need to employ a Property Manager)
My numbers are net of gst and all costs (except interest and income tax)
I would be keen to see a couple of higher scale like $50k and $100k

 

@Beano 60k per week, that is over 3 million a year, that is huuuuge

 

@sash, very interested to know how is yours?

 

Many of the tenants pay their own outgoings so not certain what the gross rent would be
Ps compared to many of my friends its little .

 

Y'all making me want to buy commercial properties. But alas, I am a small fish.

 

Residential is a lot of work per dollar of profit
I spend more time on a $300pw rental than a $1m pa ..
Commercial is more time efficient ...and in some commercial properties a lot less risky than residential

 

Wow ! Huge numbers Beano.
100mil portfolio.
How long did it take you to build?