RENTAL PROPERTIES (Tables)

3 Months Ended

Mar. 31, 2021

RENTAL PROPERTIES

Schedule of rental properties

	March 31, 2021		December 31, 2020		Useful Life
Land, improvements and parking lots	$	86,867,393	$	86,867,393	15	-	40	years
Buildings and improvements		253,483,082		253,322,865	15	-	40	years
Kitchen cabinets		17,234,223		17,157,121	5	-	10	years
Carpets		11,304,573		11,146,634	5	-	10	years
Air conditioning		501,697		501,697	5	-	10	years
Laundry equipment		608,271		608,271	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		17,750,185		17,596,043	5	-	30	years
Motor vehicles		211,660		211,660			5	years
Fences		46,871		46,872	5	-	15	years
Furniture and fixtures		7,781,841		7,697,137	5	-	7	years
Smoke alarms		496,641		496,641	5	-	7	years
Total fixed assets		399,263,896		398,629,793
Less: Accumulated depreciation		(137,902,138)		(134,019,906)
	$	261,361,758	$	264,609,887