My property manager is a franchise with Coldwell Bank. They issued a 1099-MISC form to me that reported the rental income received from our tenant. Each month they issue me a report that shows a receipt of rent received from the tenant, and the management fee paid to them. Also, when they schedule/perform maintenance on the property they include it in the report and reduce my draw. I sent them today a W-9 form and asked to fill it out and return it. If they are not a corporation, Do I need to send a 1099-NEC form to the IPS and property manager? And if so, do I include both the management fee and maintenance expenses in the 'Non Employee Compensation' box, or is only the management fee reported? The management fee is over $1700. Thanks for your help!
