Describe "gross rental income."

Gross rental income refers to the total income generated from a property before any expenses related to the property are deducted. This includes all rent collected from tenants, regardless of whether the property is residential or commercial. It provides a crucial financial metric for property owners and investors, as it offers a clear view of the revenue being generated by the asset.

Understanding gross rental income is essential for assessing the potential profitability of a real estate investment. This figure allows property owners to gauge their cash flow and make informed decisions about property management and investment strategies. It is distinct from net rental income, which would take into account expenses such as maintenance costs, property management fees, and taxes, providing a more comprehensive view of the property's profitability.

The other options do not accurately capture the meaning of gross rental income; for example, net income focuses on profitability after expenses, while the other two choices either limit the income sources too narrowly or relate to sales rather than rental activities.