Rental Income Component
 
The rental component is made specifically for modelling rental income, allowing you to forecast rent on a monthly basis for any number of units.
 
The rental rate for the Rental component can be set monthly, quarterly or annually. Regardless of which frequency you choose to model, your rental income will be recognised monthly on reports.
 
The number of units input allows you to model several rental units in one rental component.
 

Driver Adjustments

If you wish to drive the rental income component by inflation or any other driver, click the Driver Adjustments shelf and turn on the Drivers toggle.

To understand more about the Driver feature, please see the Global & Local Drivers article.
 
 
 
 
 
 
Voids and Bad debt
 

You can model forecasted voids and bad debt using the corresponding percentage inputs.

These percentages will reduce the rental income by the specified amount.

 
You will note that the Rental Income component comes with two Direct Cost components attached.
Rental component and associated components
 
The percentages you set in the Bad Debts and Voids shelf in the Rental component, will be reflected in these two attached components. These two components can't be modified separately from the Rental Income component, and they are here to ensure the proper placement of Bad Debts and Voids as direct costs for the associated Rental Income component.
While it may seem strange that Bad Debts or Voids are treated as costs, this was chosen as the best path to ensure full visibility and proper calculation in the reports.