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1099 forms for property management: Everything you need to know (2024 update)

Buildium

Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold. The W-9 form will give you their filing status and federal tax ID, so you can file your 1099-MISC forms accurately when the time comes.

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Top 10 property management tax deductions for 2025

Buildium

Deductions on Legal and Professional Services You can deduct fees that you pay to attorneys, accountants, consultants, and other professionals if the fees are paid for work related to your business.

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Commercial Tenant Risk Mitigation, Insurance, Tracking, and Best Practices

Esquire Property Management Group

Legal Defense Costs : Typically, CGL policies include coverage for legal defense costs, encompassing attorney fees, court expenses, and settlements or judgments. Risk Management Expertise : Insurers offering CGL coverage to a sophisticated commercial tenant audience may provide additional risk management services.