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Level 2
posted Jun 4, 2019 11:11:44 PM

If I have 3 rent houses where tenants pay me rent directly but I pay the property manager for management, labor and expenses, should I issue a 1099 to him for that money?

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1 Best answer
New Member
Jun 4, 2019 11:11:46 PM

It depends - If the property manager is not employed with a property management company but works as an independent contractor, then you will need to file a Form 1099-MISC if you pay him more than $600 during a calendar year. If the property manager is an employee of a management company, then you will have no Form 1099-MISC filing.

1 Replies
New Member
Jun 4, 2019 11:11:46 PM

It depends - If the property manager is not employed with a property management company but works as an independent contractor, then you will need to file a Form 1099-MISC if you pay him more than $600 during a calendar year. If the property manager is an employee of a management company, then you will have no Form 1099-MISC filing.