RENTAL PROPERTIES (Tables)

3 Months Ended

Mar. 31, 2020

RENTAL PROPERTIES

Schedule of rental properties

	March 31, 2020		December 31, 2019		Useful Life
Land, improvements and parking lots	$	86,864,867	$	86,693,759	15	-	40	years
Buildings and improvements		253,026,910		252,896,183	15	-	40	years
Kitchen cabinets		17,564,272		17,376,841	5	-	10	years
Carpets		11,184,505		10,976,972	5	-	10	years
Air conditioning		573,389		573,389	5	-	10	years
Laundry equipment		709,210		709,210	5	-	7	years
Elevators		1,885,265		1,885,265	20	-	40	years
Swimming pools		1,092,194		1,092,194	10	-	30	years
Equipment		17,473,920		17,391,731	5	-	30	years
Motor vehicles		211,660		178,847			5	years
Fences		38,482		38,482	5	-	15	years
Furniture and fixtures		8,461,379		8,235,292	5	-	7	years
Smoke alarms		505,835		505,835	5	-	7	years
Total fixed assets		399,591,888		398,554,000
Less: Accumulated depreciation		(124,391,100)		(120,190,012)
	$	275,200,788	$	278,363,988