We inherited four tenants and it was great to have cash flow from day one.

Can we avoid taxes if the home is left to my dad as an inheritance?

Due to tenant eviction restrictions, we had to pay our inherited tenants to leave.

Due to tenant eviction restrictions, we had to pay our inherited tenants to leave.

@Nathan G.In your experience, do inherited tenants always refuse new lease terms and cause problems?

In my situation, the numbers worked better than anything else nearby, the amenities increased appeal to renters, and the condo association handling the exterior maintenance lessened my workload as an owner. 

Also parent made no material improvements or anything else that increased their basis in the property.1.From a tax perspective, this transfer was not ideal since you lost the step up in basis when inheriting the property one day. 2.

I rent a 1000 sq ft ranch built in 1969, inherited from my father two years ago.

Current problem tenants who I inherited and have not paid 9 months rent due to Covid are trying to break their lease 1 month early!

HI Christina,A "Broom Finish" can help lessen the chance of slipping in the rain, and looks attractive too.If you look in many shopping centers (and homes) you can see this finish on the sidewalks.It's an option you can talk to your contractor about.Good Luck!