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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.

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Best Airbnb Management Companies – 2020

Whome

As we will explore, management companies should also do much more than managing your online listing. Most importantly, these extracurricular services like Airbnb property management software should be done by a professional. At the same time, their management might not ever meet their contractors.