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How do I determine my nett rental income?

Rental Income – Expenses = Nett Rental Income *Levies, Rates & Taxes, Agency Fee and other once off expenses Example: Rental Income = R5,500 Levies = R1,300 Rates & Taxes = R250 Agency Fee = R550 R5,500 – (R1,300 + R250 + R550) = R3,400.00 Nett rental = R3,400