1099s and Your Property Manager

Here are a few things to think about if you are an investment property owner using a property manager to manage your rental portfolio.

  • Will you be issued a 1099?
  • Who issues the 1099 for maintenance performed?
  • How will you receive your annual reports?
  • Is your tax person permitted to contact the property manager?

These are just a few things to think about.  Every year we get asked how the maintenance men (or women) 1099s are handled.  Over here at Ad Astra RealtyKC Property Manager we issue 1099s to for the maintenance performed.

Just a reminder that the end of the year is coming and you need to know how your money will be accounted for.

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