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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. The W-9 form will give you their filing status and federal tax ID, so you can file your 1099-MISC forms accurately when the time comes.

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How to Handle a Bad Contractor

SparkRental

The Big Picture On How to Handle a Bad Contractor: Keep detailed records of all agreements, payments, communications, and any issues with the contractor’s work. Before escalating, address the problems directly with the contractor, clearly outlining the issues and your expectations for corrections.

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New Laws for LA Landlords

Real Property Management Choice

Electronic Vehicles According to AB2565, landlords should allow the installation of electric vehicle charging stations by tenants as long as they meet the stations set standards. It states that the city attorney can demand that a landlord evicts a tenant for unlawful possession of weapons or ammunition. According to senate bill No.745,

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Condo Frozen Pipes: Who Should Take Care Of It?

Mem Property Management

When crafting your amendments, make sure to consult your associations attorney to help with the wording. If thats the case, call 911 right away, as this is more efficient than contacting an association contractor. This includes damages to any clothes, furniture, electronics, artwork, and other personal items.

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