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Today were going to talk about my second video of Secrets of Successful Property management Expense Edition. So this is a three part video series. First, on income, second on expenses and third on debt and of course, on cash flow, which is the formula and the math that all successful professional investors follow. For those of you who werent able to watch the first video on income, this is the financial waterfall that all investors look at and all lenders look at. First they look at the properties, income and then video one We talked about rent, income, but also other income and the different kinds of sources. So they havent seen that video. Be sure to check that out. Today, were going to talk about expenses. And these are things that we do in our company to manage or negotiate and even reduce some of the operating expenses at the properties. That translates into the net operating income. And this, of course, is what the lender uses to see what theyre going to lend. So many of you