RENTAL PROPERTIES (Tables)

6 Months Ended

Jun. 30, 2021

RENTAL PROPERTIES

Schedule of rental properties

	June 30, 2021		December 31, 2020		Useful Life
Land, improvements and parking lots	$	86,880,375	$	86,867,393	15	-	40	years
Buildings and improvements		253,649,590		253,322,865	15	-	40	years
Kitchen cabinets		17,369,285		17,157,121	5	-	10	years
Carpets		11,520,222		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		17,895,940		17,596,043	5	-	30	years
Motor vehicles		211,660		211,660			5	years
Fences		46,872		46,872	5	-	15	years
Furniture and fixtures		7,857,039		7,697,137	5	-	7	years
Smoke alarms		496,641		496,641	5	-	7	years
Total fixed assets		400,015,051		398,629,793
Less: Accumulated depreciation		(141,810,158)		(134,019,906)
	$	258,204,893	$	264,609,887