I'd like to provide more clarity to ensure I'm following the correct procedures:
The 'Property Manager' in question isn't a business entity but an individual. He handles tenant communication and other rental-related issues. However, the tenant pays the monthly rent directly to me, after which I compensate this individual (property management agent) with a percentage of the monthly rent as a management fee. Consequently, this individual won't provide me with a 1099-MISC form.
Could you please advise if issuing the 1099-NEC form is necessary for this individual?
Thank you.
