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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. For 2024, the form looks like this: What Is a 1099-NEC form? The IRS makes (typically small) adjustments to the 1099-MISC form each year.

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How a condo/HOA attorney might navigate new Florida laws

Condo Control

HB 1203 was passed in 2024 with the intention of promoting transparency and consistency across Florida homeowners associations. Find out how an attorney might approach some of the new Florida laws Many owners were excited, or at least optimistic about the possibility of having more freedom and transparency in their neighborhoods.

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Top 10 property management tax deductions for 2025

Buildium

For 2024, this was as much as $20,400 (the actual amount depends on the cost of the car and the amount of business use). The standard mileage rate for 2024 is 67 cents per mile. Insurance Deductions Insurance you buy just for your business is deductiblefor example, business liability insurance or insurance for business property.

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AAOA’s First Hybrid Rental Housing Conference Features “Squatter Hunter” Flash Shelton and LiftMaster’s Smart Access Control Solutions to Help Apartment Owners Keep their Rentals Secure

American Apartment Owners Association

Nationwide & Long Beach, CA October 16, 2024 The American Apartment Owners Association (AAOA) is proud to host its first-ever hybrid Rental Housing Conference on October 16, bringing together thousands of attendees through both in-person and livestream options.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

For 2024, the standard mileage rate is 67 cents per mile. Insurance Insurance you buy for your business, such as business liability or property insurance. If you have a home office, you can deduct some of your homeowner’s insurance. For business meals, however, you can only deduct 50% of the total cost.

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AAOA’s First Hybrid Rental Housing Conference Features “Squatter Hunter” Flash Shelton and LiftMaster’s Smart Access Control Solutions to Help Apartment Owners Keep their Rentals Secure

American Apartment Owners Association

Nationwide & Long Beach, CA October 16, 2024 The American Apartment Owners Association (AAOA) is proud to host its first-ever hybrid Rental Housing Conference on October 16, bringing together thousands of attendees through both in-person and livestream options.

Apartment 130
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New 2025 condo and HOA laws for U.S. states

Condo Control

California Florida Illinois You can also check out laws that came into effect in 2024 and previous years for each state. Amendments were made in 2024, requiring condominiums with 25 or more units to have a website. If a building is already more than 30 years old, it must conduct a milestone inspection before December 31, 2024.