A taxpayer operates some rental units, both commercial and residential, for a total of $175,000 in gross rental income during the year. They have the following rental expenses, ignoring depreciation: $45,000 in mortgage interest paid during the year on the properties. $6,000 in mortgage interest paid made to acquire a property placed into service later in the year. $27,500 in real estate taxes paid during the year on the properties. $10,000 in pre-paid real estate taxes on the properties meant for the following year. $30,000 in major upgrades to the properties made during the year. $12,000 in insurance premiums for the tax year. $12,000 in pre-paid insurance premiums for the next tax year. $16,000 in various other services like lawncare, janitorial services, and so on. 

What is the amount of net rental income for the year, not considering any depreciation on capitalized assets?