In reviewing IRS rules, you would issue a 1099 NEC if you paid more than $600 to an independent contractor if you have a business and registered as a business that requires a Schedule C filing. If you report on Schedule E, then you do not have a 1099 NEC reporting requirement.
This does not mean you are prevented from filing a 1099 NEC. For an example, it is suggested that you issue a 1099 NEC so that you may qualify for the QBI deduction on your tax return. This Turbo Tax article gives an explanation that you may qualify for QBI if "you’re a real estate professional for tax purposes (that is, over 50% of the personal services you performed in business during the tax year were in a real estate business you materially participated in for more than 750 hours that same year) then your rental income qualifies for the QBI deduction". You do not need to file a business tax return to qualify for QBI in this instance.
To summarize, you do not need to file a 1099 NEC but you are not prevented from doing so. The W9 by the a management company get your correct name and TIN and assumed you operate a business. It may be a good idea to file a 1099 NEC but you are not required to do so.
Yes, I erred in my previous post. I did mean a 1099 NEC and not a 1095. I apologize for that mistake.
@alvazi2
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