Property Management 1099 Fees

[Ryan Linskey]

Hi BiggerPockets,

I currently own 3 rental properties and I noticed my property manager billed me $50 per property for “1099 preparation”. Is this normal or should I push back on this?

This will be my 2nd year with these properties and was not charged this fee last year.

Thanks for any insight,

Ryan

[Bill B.]

If there are other good PM’s in the area I would ask if they charge that. If they don’t I’d draw my line in the sand. Current PM can waive them (forever, not just this year) or I’m gone. I have 12 properties with 1 pm and would never pay $600 for 1099’s.