If you transfer a Property we currently manage to an entity you own...

If the Tax ID has changed, we are required to create a new owner account in AppFolio, as this affects IRS reporting and 1099 issuance.

In this case, we will need the following:

• A completed W-9 for the new entity

• A new Management Agreement

• Updated Proof of Insurance for the entity

Frequently Asked Questions

Can’t you just change the name on file?

Yes—only if you filed a name change with the Secretary of State and the Tax ID (EIN or SSN) remains the same. If the Tax ID has changed, a new owner account must be created in AppFolio.

Will I receive two 1099s this year?

Yes. Each Tax ID that receives income from us will receive a separate 1099.

Can I schedule the change for a future date?

Absolutely. We can set the new entity to take effect on a future date, such as January 1st of the next year.

How do I notify you of the effective date?

Just submit the change using the appropriate form in the Request Form Library.