POH Proponents - Tell Me Your Vacancy and Expense Ratio %

[Reid Hanley]

I own two MHPs with all POHs. Like all of us POH gluttons for punishment, I like the revenue, but have all the vacancy (usually in the middle of the night) and maintenance headaches that the TOH proponents want to avoid. I'm looking at another all POH acquisition, but it's much larger park and purchase price than my other two. I want to know what percentage of revenue do you all normally deduct for Vacancy and Maintenance when trying to estimate NOI?