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Updated over 5 years ago on . Most recent reply presented by

Sarah W Adler's profile image
Sarah W Adler's profile image
Sarah W Adler
  • Investor
  • from Boston
  • Member since Jan 14, 2019
  • Posts 6
  • Votes 3
  • Experience 10 Yrs
  • Investments 1
Connect

User Stats

6
Posts
3
Votes
Sarah W Adler's profile image
Sarah W Adler's profile image
Sarah W Adler
  • Investor
  • from Boston
  • Member since Jan 14, 2019
  • Posts 6
  • Votes 3
  • Experience 10 Yrs
  • Investments 1
Connect
Sarah W Adler
  • Investor
  • Boston
3
Votes |
6
Posts
Tax, SDIRAs & Cost Segregation

Tenant security deposits - Massachusetts

Sarah W Adler
  • Investor
  • Boston
Posted

In Massachusetts, can a landlord commingle multiple investment property security deposits in one account, as long as that account complied with all MA laws (interest bearing, separate from landlord funds, etc)?

I have 5 investment properties and currently each security deposit is held in a separate interest bearing account. I am wondering if it complies with the law to move all 5 deposits into ONE single account, to be used only for tenant security deposits?

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