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Updated 9 months ago on . Most recent reply presented by

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Edlyn Gonzales
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Do I need to issue a 1099 misc to my property manager?

Edlyn Gonzales
Posted

Hello, I paid over $600 to my property manager last year. Do I need to provide them with a 1099 MISC? Thanks

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Michael Smythe
#3 Classifieds Contributor
  • Real Estate Agent
  • Metro Detroit
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Michael Smythe
#3 Classifieds Contributor
  • Real Estate Agent
  • Metro Detroit
Replied

@Edlyn Gonzales did your PMC collect rents on your behalf and send you the funds after deducting their fees?

If yes, then YOU do NOT need to send anything to your PMC.

Your PMC should actually be sending you a 1099-MISC with supporting documentation for any & all expenses paid from funds collected on your behalf.

  • Michael Smythe
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Logical Property Management
4.9 stars
256 Reviews

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