RENTAL PROPERTIES (Tables)

6 Months Ended

Jun. 30, 2020

RENTAL PROPERTIES

Schedule of rental properties

	June 30, 2020		December 31, 2019		Useful Life
Land, improvements and parking lots	$	86,864,868	$	86,693,759	15	-	40	years
Buildings and improvements		253,113,482		252,896,183	15	-	40	years
Kitchen cabinets		17,633,302		17,376,841	5	-	10	years
Carpets		11,317,057		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		17,574,649		17,391,731	5	-	30	years
Motor vehicles		211,660		178,847			5	years
Fences		46,872		38,482	5	-	15	years
Furniture and fixtures		8,520,979		8,235,292	5	-	7	years
Smoke alarms		505,835		505,835	5	-	7	years
Total fixed assets		400,048,762		398,554,000
Less: Accumulated depreciation		(128,631,361)		(120,190,012)
	$	271,417,401	$	278,363,988