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we always look for opportunities for Value add where we can add value either through Renovations or through operations and Iamp;#39;ll talk a little bit about that so the current expense ratio when we bought this from the current owner was about 65 now what does that mean we always look at expense ratio so if your income right if youamp;#39;re bringing in a hundred thousand dollars letamp;#39;s say a year in income right in rent in that property that means your expenses were about 65 000 thatamp;#39;s very high thatamp;#39;s unusually high expense ratios should fall again for a property of this size and where itamp;#39;s being managed by a third party manager in the you know anywhere from 45 percent up to 55 range right so we knew right off the bat looking at the current owners profit and loss statement of where theyamp;#39;re spending money how much theyamp;#39;re spending on different items that we could decrease that to the more realistic range of 50 to 55 so that right ther
