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1099 forms for property management: Everything you need to know (2024 update)

Buildium

With so much on the horizon for property managers, property management tax reporting, may be the last thing on their minds. 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.

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

MRI Software

Make sure your landlord residential insurance policy reflects the rebuild value, not the market value, of the property. Rebuild costs include clearing debris, hiring contractors, and meeting local building codes. Contents coverage Contents coverage applies to items you own inside the property.

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45 Questions to Ask Short Term Rental Management Companies

Renjoy

Additionally, inquiring about the focus on short-term rentals or other types of rentals helps determine the scope of services provided and specialization in managing properties. Are you a licensed Short Term Rental property manager? Not always a requirement for vacation rental management companies.