Remove 2020 Remove Attorney Remove Rent
article thumbnail

1099 forms for property management: Everything you need to know (2024 update)

Buildium

Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold. In 2020, the IRS began requiring businesses to report non-employee compensation in a separate form, the 1099-NEC.

article thumbnail

Understanding a Rent Increase Notice and the Importance of Compliance

American Apartment Owners Association

Part of being a rental property owner or manager is understanding the local and state rent increase laws. A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. What causes rent to increase?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Understanding a Rent Increase Notice and the Importance of Compliance

American Apartment Owners Association

Part of being a rental property owner or manager is understanding the local and state rent increase laws. A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. What causes rent to increase?

article thumbnail

11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

Of course, the pandemic has changed the way the 2020 leasing season is operating, but the best practices for successful leasing remain the same. This criteria can include credit score or previous rent payment history, but cannot include protected statuses like race, gender, marital or familial status, sexual orientation, or religion.

Lease 264
article thumbnail

Ensuring a Fair and Effective Eviction Process: Guidelines for California Landlords

Real Property Management Choice

Often, there are ways to avoid evicting a tenant, even if it means being flexible on when and how you collect rent. However, sometimes there is no other option; your tenant is being uncommunicative or combative, or it’s simply impossible to work with them on getting rent paid or lease violations cured. Not vacating. Lease violations.

article thumbnail

Landlord Ordered to Pay $80,000 Over Threat to Call ICE On Tenants

Rental Housing Journal

An Illinois court has ordered a landlord to pay more than $80,000 for threatening to call immigration authorities (ICE) on a tenant couple who rented an apartment from him in 2020, according to reports. Immigration and Customs Enforcement (ICE) during a rent dispute, solely based on the parents perceived immigration status.