I don't see a problem. But why is a 1099-MISC involved? The manager has no reason I can see to send you a 1099-MISC, since the renter pays you directly and there is no middleman between you and the renter. So I'm unable to see where a 1099-MISC would be involved.
Please note that you are *NOT* required to issue a 1099-MISC to your property manager, unless you are paying an "individual" more than $600 in a tax year. If you are paying a property management "business", then it doesn't matter how much you pay the business, you are not required to issue a 1099-MISC.
