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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. It’s almost always easier, however, to file 1099s electronically (eFile) and the IRS requires you to do so if you’re filing 10 or more 1099-MISC forms.

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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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Run better HOA board meetings: Tips and tools for association managers

Buildium

You should develop it in consultation with the board president and other key members. These materials may include financial reports, proposed budgets, contractor bids, and correspondence from homeowners. The board president, in consultation with other board members and the HOA manager, should decide to call an emergency meeting.

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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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Smooth Move-ins and Move-outs: Gardena Property Managers Streamline the Process

Real Property Management Choice

You might want to take this payment electronically so you can be sure the funds clear right away. Consult your photos and documentation from the move-in inspection so you can be sure you’re looking at damage. We have preferred vendors, contractors, and service providers who are ready to come in and make repairs and upgrades quickly.