As Fat Property celebrates it’s 15th Birthday, we’ll have more and more properties celebrating their own 15th birthday. The first property we bought was on the 2000 block of Branard. That property has since been sold. That leaves 710 Colquitt as the property we’ve owned longer than any other.
A little over 5 years ago, we extended our property types from Multifamily to commercial and land. With the purchase of the “Hadley Portfolio” we added a community center (which was in operation as a school at the time), a small office building, a church, a home, and a lot of extra land. All in the up and coming 3rd ward area of Houston. Right in the shadows of downtown.
Soon after the purchase, the person who was running the school (and leasing the church) lost his charter. So he shut down and canceled his lease. We ended up finding a new renter but also made the decision to sell the property. And while we had some ups and downs with potential buyers, we found someone that got passed the finish line.
So Hadly — we’ll miss you. We wish the new buyer the best of luck!
A few years ago we let our tenants know about a program we have called “Pay Near Me“. It allows tenants to pay their rent with cash at almost any CVS, Walgreens, Family Dollar, Ace Cash Express, or 7-11. As you can guess by the name of this post, Walmart has joined the list of locations you can drop off your rent.
All a tenant needs to do is get a QR code, located on their tenant portal (if you’re a tenant and don’t see this option, please reach out to your property manager or email us at email@example.com). Take the QR code to a participating store. They’ll scan the QR code, take your rent payment, and instantly apply the payment to your ledger.
This is a great option as there are no money orders that need to then be taken to the office. Or dropped in a mail slot. It saves everyone time and removes the chance that something is lost. Another advantage is avoiding late fees. If it’s the end of the day before late fees hit, you can pay your rent with cash at one of these locations and it’s instantly applied vs. taking it to the office the next day or over the weekend.
Of course, this option is in addition to other popular online payments we offer such as electronic check (ACH) and credit card
We HIGHLY encourage any tenants that are still buying money orders and dropping them off to the office to take advantage of this service.
All Fat Property offices will be closed on the 4th of July so that our team can enjoy the day with their famines. For any emergency work requests, please use the tenant portal or call our after hours number.
15 years ago the owner sat at a computer, typing domain names into a registration site to see what might be available so he could registered a company name to match. After 845 different names tried, ‘fatproperty.com’ showed up as available. And the rest is history.
From that first 8 unit property, Fat Property has purchased over 2,000 units and has become one of the most active buyers of multifamily in Houston