Yes, you are correct that you don't need to issue a 1099-K because the total amount is less than $20k and 200 transactions. However, you still need to issue a 1099-NEC to the property manager for her services if the payment is more than $600. Please be aware that the 1099-K and 1099-NEC represent two different reporting requirements.
Please see the 1099-K reporting requirements from the IRS for more information.
Please see the 1099-NEC reporting requirements from the IRS for more information.
@drmorello
