RENTAL PROPERTIES (Tables)

3 Months Ended

Mar. 31, 2022

RENTAL PROPERTIES

Schedule of rental properties

	March 31, 2022		December 31, 2021		Useful Life
Land, improvements and parking lots	$	86,887,276	$	86,887,276	15	-	40	years
Buildings and improvements		254,297,847		253,952,680	15	-	40	years
Kitchen cabinets		17,061,510		16,946,916	5	-	10	years
Carpets		12,189,143		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		18,297,897		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		8,099,011		7,898,163	5	-	7	years
Smoke alarms		496,641		496,641	5	-	7	years
Total fixed assets		401,633,553		400,588,242
Less: Accumulated depreciation		(153,226,003)		(149,233,040)
	$	248,407,550	$	251,355,202