You will inherit all of the history of that account.

@Thomas S.Yea I think that’s going to be my route, not even start to raise rents on the four inherited tenants until I have the three vacant units rented at market.

A joint tenant with right of survivorship just means that your wife and her mom both have an equal share of the asset and when one of them dies the survivor automatically inherits the deceased's portion of the asset regardless of what a will might say. 

Hello BP Community,My husband and I have 10 acres of land that we inherited. 

For instance, I am buying a rental with an inherited tenant who is paying $800/mo and all utilities including water whereas others are at $900-1000 without water.

I felt very grateful, when, in the 12th month, my father gifted me $27,000 from his inheritance from his father. 

I’m not an accountant or tax guy, but you may want to also see if there’s some way to transfer ownership heirs (people who would get it after he dies anyways) and then just wait til he passes and then inherit st stepped up basis and sell.Would you manage the propeties in the 1031 exchange then?

I have a 1031 exchange happening right now and likely will have boot that I’d like to see how to lessen the tax burden.So looking for a reputable, knowledgeable and reliable CPA.Thanks for your referrals!

I have inherited tenants that are paying $1500 a month.

Hey all,My brother and I are going in on a duplex together as our first investment property together. The current tenants have a lease signed until August of this year, and they are paying wayyyyyyy under market value...