Did you just use all your cash on a new acquisition?

My CPA was unsure... do you issue 1090-NEC for the difference between 1099-K and 1099-MISC or do you double up the income (i.e. 1099-NEC for gross rents from PM, 1099-K of the net owner distribution on 1099-K, then owner reports double income and puts a line item expense for the 1099-K since 1099-MISC covers gross rents).You need a new accountant lolPM issues 1099-MISC, not NEC for rental income paid to property owners.You would still issue the rental income paid to the owners regardless of the payment method.The Property Owners should add an expense line item on Schedule C stating that income reported twice on Form 1099 to offset any duplicated amount.

I just stumbled upon it online and I’m trying to research it myself. 

Or stay depending on your situation. 

As a company we invest a lot into having top line service.

@Shiloh Lundahl come on man, really..... 

There are also online platforms that will handle managing security deposit compliance, refunds, etc. like rentable.com

Or maybe a favorite way to stay updated on local rules?

Coghill: Hey all-I’m looking for feedback on AppFolio.

Embarassing self-reply, but if anyone on the internets stumbles on this one.