👋It’s a pleasure to join this community and connect with people passionate about real estate.

I have had it rented out for longer than six months and I am looking to file taxes for the first time with an investment property in my name.Does anyone have any advice on filing my taxes this year?

Hello BP,The Producer Price Index (PPI) is a valuable metric to monitor, as it measures inflation from a business perspective (what businesses pay for services/goods) that isn't always reflected in the Consumer Price Index (CPI) or "inflation" which is commonly discussed in headlines and among other investors.

You can also check their reviews online at Google, Facebook, or Yelp.

For management, self-managing saves costs and teaches valuable skills, but a property manager is essential for out-of-state properties or scaling your portfolio.

The IRS doesn't trust you to report accurate information, so the 1099 from the property manager is checked against your filing.Any company that does more than $600 in business with you should issue a 1099.

Quote from @Jeffrey Duck: I see no reason to pay an attorney for this, but it's your dime.The current lease was between you and Person B.

Evan,You are going to want to check out SONYMA and Home First for NY.

I have a question about purchasing a duplex and renting it out. This

It has become too expensive to invest in another rental at this point.