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Updated almost 9 years ago on . Most recent reply

User Stats

9
Posts
0
Votes
Andrew Starck
  • Residential Real Estate Broker
  • North Aurora, IL
0
Votes |
9
Posts

Question about 1099'ing a property owner

Andrew Starck
  • Residential Real Estate Broker
  • North Aurora, IL
Posted

I'm sorry if this post is in the wrong forum, but I have a question.  My company typically leases and manages the properties for which we find tenants.  But once in a while, we'll have a property owner only utilize us for listing their property and finding a tenant.  If that's the case and the eventual tenant issues the rent check directly to the owner and the owner then issues the commission to our Brokerage, would we have to 1099 that owner?  Any help would be greatly appreciated, thanks!  

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