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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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6 must-know industry trends for small property managers

Buildium

For instance, the majority of rental owners want their property management companies to handle payments electronically , and renters prefer to complete most processes on their smartphone, with the exception of applying for rentals and signing up for renters insurance.

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

Buildium

These materials may include financial reports, proposed budgets, contractor bids, and correspondence from homeowners. Online Voting Systems Online voting systems can streamline the decision-making process, allowing board members to cast their votes electronically.

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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. Tenants are only allowed to do ground level planting for fruits and vegetables and strictly NO marijuana is allowed for personal use. According to senate bill No.745,

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Communication & Service You Should Expect from Your Boca Raton Property Management Company

Florida Property Management

With the right technology, your property management company will be able to collect and pay rent electronically and provide an easy and secure way to communicate. Preventative maintenance should also be part of the services you receive. Finding the Right Communication Balance

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Inspectors: An STR Essential

Thanks For Visiting

In our business, we’ve filled this role utilizing independent contractors. Check out our FREE Independent Contractor Agreement to use in your STR business. Property Functionality Test appliances, electronics (Wi-Fi, TV), lights, and amenities. It’s not about doubting your cleaner.

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