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Property and Equipment
12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment PROPERTY AND EQUIPMENT
Property and equipment consist of the following (in thousands):
December 31,
   Asset Life20212020
   (years)      
Computer software and equipment
2-5
$2,950 $3,152 
Machinery and equipment
5
87 147 
Furniture and fixtures
2-5
979 4,290 
Rental properties
30
13,390 145 
Leasehold improvements
5-10
1,345 682 
Total property and equipment   18,751 8,416 
Less: Accumulated depreciation   (1,807)(4,798)
Property and equipment, net   $16,944 $3,618 
During the year ended December 31, 2021, we transferred $13.2 million of home assets from real estate inventory to rental properties within property and equipment. We are lessors of homes. Contracts are typically one year or less.
Depreciation expense incurred for the years ended December 31, 2021, 2020 and 2019 was $1.1 million, $0.7 million and $0.6 million, respectively.