Hello,I am just getting started in real estate and just recently bought our first investment property and was reviewing landlord tenant law in Massachusetts.I read that "Under MGL 186 § 15B, a landlord is only allowed to collect, as up-front charges to a tenant, (1) first month’s rent; (2) last month’s rent; (3) a security deposit equal to the first month’s rent; and (4) the purchase and installation cost for a key and lock" It also said that all other charges such as application fees, deposit to hold, pet fees, etc were illegal.Is this true?

Could you direct me to that link in your site so I can review your offerings?

I realize these are pretty basic questions - and I did have my lawyer review the P&S, for the record.

@Jo-Ann Lapin - For sure I will use an attorney, but haven't done many contracts for work, I like to start the process and give them something to review instead of just letting them write it up.

It's worth mentioning that while comparing rates you should also review coverages, limitations, and exclusions.On a related note, when you have enough investment properties in your portfolio (usually three or more), you can consider making a change from single fire policies that include both dwelling and liability coverage to a split policy structure where each property has it’s own dwelling coverage, but all of them are covered under a single general liability insurance policy.

Hi All,I'm based in the UK, just outside of London in Watford, looking to connect / network with investors.

That is great that the new CPA is willing to review their taxes for free. 

Track everything you do and review that regularly to help you decrease your expenses increase your income.  

I believe this was reviewed in older posts, but my understanding of the law is within 45 days of close of your 1st property, you must be under contract with your next investment property (we'll call that property #2).  

They are a very nice couple, we had several meetings, I'd put together a lawyer reviewed JV document and the, reno plan for the upstairs suite of 15k to redo the kitchen, add flooring in 3 bedrooms, and paint the interior.