RENTAL PROPERTIES (Tables)

6 Months Ended

Jun. 30, 2022

RENTAL PROPERTIES

Schedule of rental properties

	June 30, 2022		December 31, 2021		Useful Life
Land, improvements and parking lots	$	86,970,097	$	86,887,276	15	-	40	years
Buildings and improvements		254,410,184		253,952,680	15	-	40	years
Kitchen cabinets		17,222,422		16,946,916	5	-	10	years
Carpets		12,459,383		12,029,577	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		1,090,604		1,090,604	10	-	30	years
Equipment		18,556,199		18,072,761	5	-	30	years
Motor vehicles		171,519		171,519			5	years
Fences		46,872		46,872	5	-	15	years
Furniture and fixtures		8,282,427		7,898,163	5	-	7	years
Smoke alarms		496,641		496,641	5	-	7	years
Total fixed assets		402,701,581		400,588,242
Less: Accumulated depreciation		(157,272,364)		(149,233,040)
	$	245,429,217	$	251,355,202