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Stories below are a running assortment of news from Fat Property

Combo post: 2000 units and Happy New Year

Happy New Year everyone!

2024 was a very busy year for us. We scooped up a number of new buildings. From a group of fourplexes that we owned 10 years ago, to several smaller multifamily buildings near others in our portfolio, to Memorial Towers — our ‘tallest’ building (just beating out Dakota Lofts).

While we’ve flirted with having ‘close to’ or ‘almost’ 2000 units for a while (we might have said we had ‘almost 2000’ units a bit early. I think it was as soon as we crossed 1500 :), we’re now at that number.

I hope everyone has a great 2025!

You can now pay your rent at Kroger

While we don’t accept cash for rent payments in any of our offices, we do allow tenants to pay cash using our partner “Pay Near Me”. Simply go to most Walgreens, CVS, 711, or Ace Cash Express. You give them a special QR code available from your tenant portal (if you don’t see it, please contact us). Give them your cash payment, and it instantly shows up on your tenant ledger.

This is a good way to avoid a late fee and the hassle of buying a money order and going and dropping it off (also more secure).

As the title suggests, we’re happy to announce that Kroger has been added to the mix.

For more information about this service, visit our pay near me page.

Another on Hawthorne — Hey there 425!

We just closed on another property located on Hawthorne. We have a few properties on this street already, including a nice historic single family home. We’ve tried to get this one a few times but the pricing just didn’t work out. However, we recently were able to make a deal happen.

If you ask us what the best area of houston is to live, most of us will say “Montrose”. And if you ask me personally what’s the best area of Montrose to live in, I’ll say “Westmoreland” (where 425 Hawthorne is located). Which means, if you ask me, this property is in the best area (of the best area) of the town.

But that must mean it’s sort of pricey right? Nope. We have 1 bedrooms under $1,000 a month at this spot. So give us a call and see if any are open and move into the best spot in Houston.

Welcome (BACK!) to the family – W. Main fourplexes

These were some of the first properties we bought. One of the four buildings (1846 W. Main) was vacant and boarded up at the time we purchased. It was deemed a “Dangerous building” by the city. We took it over, heavily upgraded it, and turned it back into nice rental options for our Montrose residents.

Then about 10 years ago we sold them. We don’t typically sell but it was time, and the funds were used to take on other projects

The person who bought them from us was planning on building 10 new townhomes in their place. Their plans fell through and they kept them as rentals. Since that was never their original goal, they decided to let them go. When we found out, we jumped on them. We didn’t need to tour of view or any of that (since we knew them well). In the end, our offer was selected and they’re back and part of family (as they should be 🙂

Howdy neighbor! – Welcome 811 Colquitt

A few years ago we bought a small 10 unit property in Montrose at 4202 Stanford, at the corner of Stanford and Colquitt. There was a 10 unit right next door at 811 Colquitt that we always wanted, but the numbers just never made sense.

However, the seller decided that it was time to let it go, and we raised our hand. Shortly after, it joined our portfolio. So welcome to the family 811 Colquitt. You’re now in the same group as your adjoining neighbor 4202 Stanford!

(amazingly [embarrassingly?] I don’t have any pictures so street view will have to do 🙂

By request: More information about our Outside Leasing Manager position

For years we have offered various opportunities for those looking to make some extra money by leasing our properties. We’ve felt that the more units someone is able to lease, the more they should make. Not simply by leasing more and thus getting more of a set commission. But by actually increasing the amount each new lease pays the more leases are done.

Because this is something we’ve discussed enough times with people, we felt it deserved it’s own page. For more information about this program, visit our outside leasing manager page.

Thanks for the image, ChatGPT

Our Dakota Lofts property in the news

Congrats to our manager Russel, as featured in the story. Below is a link to the Texas Monthly article. To view our Dakota Lofts property page, click or tap here

From the story: “Gonzalez gave me a sneak preview in April at Houston’s Dakota Lofts, first leading me through the lobby he turned into an informal gallery since becoming the building’s manager a few years ago. Hodge was the first artist he invited to show work there.”

Robert Hodge, left, and Russel Gonzalez. Photo credit: Molly Glentzer