This presentation will teach how to take move-in monies as a landlord in Massachusetts. We will discuss the four allowable charges:
- First month's rent
- Last month's rent
- Security deposit
- Locks
Security deposits are one of the primary liabilities for Massachusetts landlords. If you make a paperwork mistake, you might owe your renter three times the amount of the deposit plus attorney's fees! But we'll show you how to protect your property with a deposit, and how to protect your business with bulletproof compliance.
We will compare and contrast security deposits with last month's rent.
Can you charge a pet deposit? Application fee? Amenity fee? Attend and ask why not.
Attendees will leave knowing what Massachusetts law requires when taking move-in monies and how to operate with peace of mind.
This presentation will be given by attorney Kate Higgins-Shea. Attorney Higgins-Shea is a partner at Lyon & Fitzpatrick, LLP in Holyoke. Her practice concentrates on housing, representing landlords and property managers in civil and eviction cases. She also represents court-appointed receivers. She has been instrumental in developing our rental forms and has been a long-time contributor at MassLandlords Greater Springfield.
Networking time will be moderated by Dana Fogg. Dana started his rental business in 1994 with his first Multifamily in Watertown. Since then, Dana and his wife have purchased and sold rental properties around the Metro West area. They now have 9 Units in Watertown and Marlborough. Dana is the Vice President of the Metro West Property Owners Association.
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MassLandlords offers attendees of directly managed events a "No Sales Pitch" guarantee. If a guest speaker offers services, their presentation will not discuss pricing, promotions, or reasons why you should hire them. We do not permit speakers to pay for or sponsor events. Guest speakers are chosen for their expertise and willingness to present helpful educational content. Your purchase of an event ticket sustains our nonprofit model.
Tuesday, February 15th
Virtual Meeting Agenda
- 5:00pm Sign-in and virtual networking: you can chit chat with others as people log in
- 5:40pm Business Update
- 6:00pm Security Deposits, last month's rent, and move-in monies
- 7:00pm Virtual meeting ends
Participation is Easy
We have two formats of online events:
- Virtual meetings include optional audience participation via video, phone, and screenshare and are not recorded.
- Webinars have limited participation options (typed questions only) and are recorded.
Our virtual registration desk is open for all events one hour starting 30 minutes prior to the event start time. Call 774-314-1896 or email hello@masslandlords.net for live, real-time help signing in and using your technology.
If joining a virtual meeting, please use the zoom "test audio" feature. You will be allowed to talk to others if your microphone is good and there is no background noise. We reserve the right to mute anyone for any reason. Attendees without a microphone or who don't want to be heard can type questions.
Virtual Meeting Details (hosted by Zoom)
We will share our video, audio, and computer screen and slides.
- Optional: You can share your video with everyone, talk to everyone, and type chat with everyone. Video sharing is not required. Talking is not required.
Password will be emailed and viewable online.
Topic: Security Deposits and Move-in Monies Virtual Meeting February 15, 2022 Time: Feb 15, 2022 05:00 PM Eastern Time (US and Canada) Join Zoom Meeting https://us02web.zoom.us/j/84628059213 Meeting ID: 846 2805 9213 Passcode: Will be emailed and viewable online Dial by your location +1 301 715 8592 US (Washington DC) +1 312 626 6799 US (Chicago) +1 646 876 9923 US (New York) +1 669 900 6833 US (San Jose) +1 253 215 8782 US (Tacoma) +1 346 248 7799 US (Houston) +1 408 638 0968 US (San Jose) Meeting ID: 846 2805 9213 Passcode: Will be emailed and viewable online Find your local number: https://us02web.zoom.us/u/kbJf6adMUR
Pricing
Open to the public. Membership is not required!
- Public: $21
- Members: $7
This event will not be recorded.
Slides and handouts if any will be uploaded to Security Deposits.
Click here to purchase tickets for this event
This virtual meeting counts for continuing education credit for Certified Massachusetts Landlord Level Three. Beep in. Leave feedback/beep out.
This event is operated by MassLandlords staff.
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This is part of the Virtual rental real estate networking and training series.
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