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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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6 must-know industry trends for small property managers

Buildium

Buildium’s identity verification and fake reference detection features are powered by TransUnion®, one of the three accepted nationwide providers of credit reports , so you can gain peace of mind knowing that previous landlords reported by applicants aren’t fraudulent.

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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

Backyard Plants According to AB2561, landlords are required to permit a tenant to do “personal agriculture” in their outdoor backyard using portable containers you have approved. It states that the city attorney can demand that a landlord evicts a tenant for unlawful possession of weapons or ammunition.

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Landlord’s guide to residential insurance: Key elements for protecting your residential properties

MRI Software

Landlord residential insurance is your first line of defense against risks like tenant damage, property loss, and legal liabilities. In this guide, well break down everything you need to know about landlord insurance. What is landlord residential insurance? Why is it important to have landlord insurance?

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

Real Property Management Choice

The process of moving in and out of a rental property can be challenging for both tenants and landlords, but it doesn’t have to be. You might want to take this payment electronically so you can be sure the funds clear right away. If they’re moving in with pets, collect the pet fee.