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Tax, SDIRAs & Cost Segregation

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Sarah W Adler
  • Investor
  • Boston
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Tenant security deposits - Massachusetts

Sarah W Adler
  • Investor
  • Boston
Posted Sep 7 2019, 09:34

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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