I had an investor experience yesterday that I thought might serve as a good reminder to any student tenant landlords. I received a call New Year's day from a downstate investor while I was watching the  Siena Saints defeat Fairfield at the Times Union center. My investor owns about 20 units rented to SUNY and St Rose students.   Just about all of his tenants are home on break. However, one of his tenants stopped by his apartment on New Years day to find the heat off. For whatever reason, both boilers had shut off and the pipes were rapidly freezing.  A heating guy was going to be delayed at least a day. Fortunately, I was able to get one of my kerosene heaters going and  drain some of his supply lines to prevent further damage such as a cracked boiler or a basement filled with water! My investor got lucky. If the student hadn't stopped in he could have been on the hook for thousands of dollars in repair bills.

If you have student rentals be sure to check on them at least weekly during the winter break.  You may just save yourself a huge headache particularly during this cold snap.  Student housing is a favorite among thieves this time of year as well.  Have questions or need help. Call, email, or visit me online at Albany Investment Property