The Benefits of Renting Out an Inherited House or When Moving Parents to New Housing

Inheriting a property or moving parents into alternate housing presents not just emotional challenges but also significant financial decisions. In such situations, selling the property might seem like the simplest solution, but renting out the property offers a wealth of benefits that are worth considering. This approach is especially compelling in areas with robust rental markets, such as Medford, OR, where the demand for rental homes can turn your property into a steady source of income.

Financial Stability and Passive Income

One of the primary benefits of renting out an inherited house or one that becomes vacant as parents transition to other living arrangements is the opportunity to generate passive income. This income can help cover maintenance costs, property taxes, and even provide a steady stream of revenue that can be saved or invested elsewhere. In thriving rental markets like Grants Pass, OR, the potential for rental income is significant, making it an attractive option for property owners.

Property Value Appreciation

Real estate is a long-term investment that typically appreciates over time. By choosing to rent out the property, you’re not just earning monthly income; you’re also allowing the property’s value to grow. This can be particularly advantageous in areas experiencing economic growth or in cities like Central Point, where the real estate market is dynamic. You’ll benefit from both the rental income and the increased property value should you choose to sell in the future.

Tax Deductions

Renting out a property comes with various tax deductions that can offset the costs associated with being a landlord. Expenses such as property management fees, maintenance costs, property taxes, and mortgage interest (if applicable) can often be deducted. This can significantly reduce the taxable income generated by the property, making the investment more profitable.

Flexibility for Future Use

Life is unpredictable, and your needs or desires regarding the inherited property might change. Renting out the property provides the flexibility to decide on its future use without making any permanent decisions. Whether it’s keeping the home in the family for future generations, using it as a retirement home, or eventually selling it when the market is favorable, renting allows you to keep your options open.

Contributing to the Community

By renting out a property, especially in a city like Medford, OR, you’re providing much-needed housing and contributing to the vitality of the community. You have the opportunity to offer a home to someone who might value the neighborhood and contribute positively to the area. This can be especially fulfilling if the property has sentimental value and you wish to see it cherished and well-maintained.


Renting out an inherited property or one that has become vacant due to life’s transitions is a decision that offers numerous benefits. From the financial advantages of generating passive income and appreciating property value to the flexibility and community contributions, the positives are manifold. In locations with strong rental demand as it is in Southern Oregon the decision to rent can be particularly advantageous. It’s a strategy that not only respects the legacy of the property but also looks forward to the future, ensuring the asset continues to provide value for years to come.