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CONSOLIDATED STATEMENTS OF INCOME - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
Revenues |  |  |  |
Rental income | $ 12,683,517 | $ 12,136,355 | $ 25,314,962 | $ 24,209,211
Laundry and sundry income | 104,274 | 117,909 | 216,436 | 228,341
Total Revenues | 12,787,791 | 12,254,264 | 25,531,398 | 24,437,552
Expenses |  |  |  |
Administrative | 463,008 | 455,160 | 988,744 | 953,416
Depreciation and amortization | 3,009,698 | 3,060,994 | 5,982,753 | 6,088,148
Management fee | 518,533 | 501,288 | 1,055,248 | 1,001,495
Operating | 1,032,064 | 1,069,692 | 2,746,025 | 2,493,937
Renting | 94,532 | 155,962 | 180,735 | 243,226
Repairs and maintenance | 2,053,272 | 2,193,186 | 3,508,894 | 3,820,886
Taxes and insurance | 1,646,053 | 1,583,385 | 3,356,457 | 3,187,255
Total Expenses | 8,817,160 | 9,019,667 | 17,818,856 | 17,788,363
Income Before Other Income (Expense) | 3,970,631 | 3,234,597 | 7,712,542 | 6,649,189
Other Income (Expense) |  |  |  |
Interest income | 404 | 203 | 716 | 405
Interest expense | (2,545,553) | (2,542,692) | (5,066,379) | (5,096,325)
Income from investments in unconsolidated joint ventures | 1,058,225 | 288,478 | 1,731,062 | 658,082
Total Other Income (Expense) | (1,486,924) | (2,254,011) | (3,334,601) | (4,437,838)
Net Income | $ 2,483,707 | $ 980,586 | $ 4,377,941 | $ 2,211,351
Income per Unit |  |  |  |
Income before discontinued operations | $ 19.97 | $ 7.85 | $ 35.19 | $ 17.69
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax | $ 19.97 | $ 7.85 | $ 35.19 | $ 17.69
Weighted Average Number of Units Outstanding (in units) | 124,386 | 124,923 | 124,392 | 125,032

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