http://www.realtor.org/wps/wcm/connect/f9c47a804427e7068bf5eb34cafa6d66/government_affairs_issue_brief_rep_rules_1099rev.pdf?MOD=AJPERES&CACHEID=f9c47a804427e7068bf5eb34cafa6d66 this is the "new" law that requires any labor cost higher than $600 to file. But it was appealed in April.
This link says the new law is repealed http://speakingofrealestate.blogs.realtor.org/2011/04/08/600-1099-landlord-reporting-law-repealed/
But this even newer link says otherwise: http://www.tvslandlordblog.com/tips/landlords-face-two-new-tax-reporting-laws/
Besides, 2012 will have report BOTH labor and material in the new law.
Reading further, there many different conflicting saying.
http://www.jkharris.com/tax-resolution-blog/1099-reporting-requirements-repealed-in-april-2011/
http://landlordsoftwareblog.com/post/2629157/over-reaching-1099-bill-for-landlords-repealed
http://bbs2.mrlandlord.com/display.php?id=13902422
http://smithandwooton.com/blog/ --> no need
One common topic is this waiver is for independent landlord, not PM.
Still got a messy water.