Where did $1,200 go?

Name: PropAlly
Author: PropAlly

Rent is $600 a week, which should be $31,200 a year. The annual statement shows $30,000 rent received. Where did $1,200 go?

Fictional example

The answer

B: two weeks without rent.

$1,200 is exactly two weeks at $600. Rent received is counted before fees, so the gap is time the property earned nothing: a vacancy or unpaid rent.

Checking the gap
	Amount
What the year should bring ($600 × 52)	$31,200
Rent received on the annual statement	$30,000
Gap	$1,200
Weeks of rent that make up the gap ($1,200 ÷ $600)	2

Fees are listed as separate deductions. They don’t reduce the rent received line.

Rent on a residential property doesn’t include GST, so there’s nothing to take out.

Rounding moves cents. A gap of exactly two weeks’ rent points to two weeks without rent.

PropAlly tracks rent received against what each property should earn, so a missing week stands out.

All figures on this page are a fictional example for illustration. They aren’t market averages, a tax calculation or financial advice.